The Best of Times and the Worst of Times: Indonesia and the Economic Crises

    Research output: Chapter in Book/Report/Conference proceedingChapter

    Abstract

    This paper examines the experience of Indonesia during two major crisis episodes, the 1997-98 Asian financial crisis and the 2008-09 global economic recession. In the first episode, Indonesia experienced a deep economic and political crisis, while in the second the impacts were very mild. The paper examines various explanations of these large differences, focused in particular on the contrasting hypotheses of 'good management' and 'good luck'. The comparative Southeast Asian experience is also analyzed.
    Original languageEnglish
    Title of host publicationLand, Livelihood, the Economy and the Environment in Indonesia: Essays in Honour of Joan Hardjono
    Editors Anne Booth, Chris Manning and Thee Kian Wie
    Place of PublicationJakarta, Indonesia
    PublisherYayasan Pustaka Obor Indonesia
    Pages279-301
    Edition1st
    ISBN (Print)9789794618240
    Publication statusPublished - 2012

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