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Indonesia: Recovery from Economic Social Collapse

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Abstract

The collapse of the Indonesian economy during the period of the Asian financial and economic crisis of 1997/98, has been one of the most stunning and shocking events to have afflicted a developing country during the past several decades. This paper conducts a brief overview of recent macroeconomic developments in Indonesia, identifies some of the key factors behind the crisis, and outlines the IMF rescue program and the country's policy framework. The paper also discusses the short term economic and social prospects for the country, and policies essential for its recovery.

Suggested Citation

  • Harvie, C., 1999. "Indonesia: Recovery from Economic Social Collapse," Economics Working Papers wp99-5, School of Economics, University of Wollongong, NSW, Australia.
  • Handle: RePEc:uow:depec1:wp99-5
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    File URL: http://www.uow.edu.au/content/groups/public/@web/@commerce/@econ/documents/doc/uow012252.pdf
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    Keywords

    INDONESIA ; ECONOMIC POLICY ; ECONOMIC DEVELOPMENT ; MACROECONOMICS;

    JEL classification:

    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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