Indonesia and the Washington consensus
This paper seeks to assess Indonesia's economic record before and after the 1997 East Asian financial crisis in light of the 'Washington Consensus' prescriptions. Before the crisis, Indonesia was held up as a "poster boy" by international financial institutions. Yet, when th...
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| Format: | Working Paper |
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2009
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| Online Access: | https://hdl.handle.net/10356/90636 http://hdl.handle.net/10220/4438 |
| _version_ | 1826121517492076544 |
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| author | Premjith Sadasivan |
| author2 | S. Rajaratnam School of International Studies |
| author_facet | S. Rajaratnam School of International Studies Premjith Sadasivan |
| author_sort | Premjith Sadasivan |
| collection | NTU |
| description | This paper seeks to assess Indonesia's economic record before and after the 1997 East Asian financial crisis in light of the 'Washington Consensus' prescriptions. Before the crisis, Indonesia was held up as a "poster boy" by international financial institutions. Yet, when the crisis struck, Indonesia was the worst affected in Asia despite its sound macroeconomic fundamentals. What happened? Our analysis will be confined to Indonesia's industrial policy and its experience with capital account liberalisation. We also review the IMF's programme for Indonesia, assess its management of the crisis and examine the implications and policy options for Indonesia in the post-1997 East Asian crisis. |
| first_indexed | 2024-10-01T05:33:32Z |
| format | Working Paper |
| id | ntu-10356/90636 |
| institution | Nanyang Technological University |
| last_indexed | 2024-10-01T05:33:32Z |
| publishDate | 2009 |
| record_format | dspace |
| spelling | ntu-10356/906362020-11-01T08:45:26Z Indonesia and the Washington consensus Premjith Sadasivan S. Rajaratnam School of International Studies DRNTU::Social sciences::Military and naval science::Strategy::Asia This paper seeks to assess Indonesia's economic record before and after the 1997 East Asian financial crisis in light of the 'Washington Consensus' prescriptions. Before the crisis, Indonesia was held up as a "poster boy" by international financial institutions. Yet, when the crisis struck, Indonesia was the worst affected in Asia despite its sound macroeconomic fundamentals. What happened? Our analysis will be confined to Indonesia's industrial policy and its experience with capital account liberalisation. We also review the IMF's programme for Indonesia, assess its management of the crisis and examine the implications and policy options for Indonesia in the post-1997 East Asian crisis. 2009-02-05T09:32:48Z 2019-12-06T17:51:19Z 2009-02-05T09:32:48Z 2019-12-06T17:51:19Z 2002 2002 Working Paper Premjith Sadasivan. (2002). Indonesia and the Washington consensus. (RSIS Working Paper, No. 37). Singapore: Nanyang Technological University. https://hdl.handle.net/10356/90636 http://hdl.handle.net/10220/4438 RSIS Working Papers ; 37/02 Nanyang Technological University 23 p. application/pdf |
| spellingShingle | DRNTU::Social sciences::Military and naval science::Strategy::Asia Premjith Sadasivan Indonesia and the Washington consensus |
| title | Indonesia and the Washington consensus |
| title_full | Indonesia and the Washington consensus |
| title_fullStr | Indonesia and the Washington consensus |
| title_full_unstemmed | Indonesia and the Washington consensus |
| title_short | Indonesia and the Washington consensus |
| title_sort | indonesia and the washington consensus |
| topic | DRNTU::Social sciences::Military and naval science::Strategy::Asia |
| url | https://hdl.handle.net/10356/90636 http://hdl.handle.net/10220/4438 |
| work_keys_str_mv | AT premjithsadasivan indonesiaandthewashingtonconsensus |