Strains of growth: a modernising economy needs political liberalisation
Article Abstract:
Indonesia has come up with economic reforms to curb the disproportional changes brought about by its soaring economic growth from 1989 to 1990. For instance, some sectors, such as banking and tourism have progressed while agriculture has fallen behind. Increasing foreign debts, the sudden influx of foreign investments and import excesses have also negated the country's economic growth. The government has already implemented laws on banking and other financial services and is intending to lift some of its foreign investment restrictions to sustain its economic transformation.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Pressure controls
Article Abstract:
Indonesia has implemented a stricter fiscal and monetary policy to curb inflation brought about by its sudden economic growth from 1989 to 1990. The policy is in line with the government's efforts to cope with the accompanying rise in imports and foreign debts, which has negated the country's trade surplus and has contributed to its increasing current-account deficit. Indonesia's economic growth, which continues to sustain a 6% growth, was fuelled by the export-oriented manufacturing industries topped by the oil sector.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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On the way to maturity
Article Abstract:
Indonesia's capital markets are still on their way to full development. They are small and relatively simplistic. This state of affairs hampers the effective harnessing of foreign investment that has come in waves since the middle 1980s. Nevertheless, the country has started enlivening its stock markets. It is on the verge of introducing closed-end investment funds. All these are necessary to support the development of infrastructure that is sorely needed to buttress investment.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
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