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Beyond Krismon: The social legacy of Indonesia's financial crisis

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  • Peter Stalker

Abstract

Most of the countries caught up in the Asian financial crisis appear to have weathered the storm. But Indonesia's prospects are far more uncertain. In this Innocenti Insight, development journalist and writer Peter Stalker describes how the financial turbulence of the Krisis Moneter, or Krismon, set off a dramatic social and political chain reaction, with effects on children that could reverberate for years to come. Beyond Krismon examines the legacy of Soeharto's New Order regime in terms of child well-being, the impact of the financial crisis on areas essential to their survival and development and the crippling burden of debt that may jeopardize the nation's hopes for the future.

Suggested Citation

  • Peter Stalker, 2001. "Beyond Krismon: The social legacy of Indonesia's financial crisis," Papers innins01/8, Innocenti Insights.
  • Handle: RePEc:ucf:innins:innins01/8
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    More about this item

    Keywords

    child survival and development; economic crisis; financial policy;

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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