The Indonesian Economy in Crisis: Causes, Consequences and Lessons

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Overview

As the 1998 annual World Bank assessment soberly observed: "No country in recent history, let alone one the size of Indonesia, has ever suffered such a dramatic reversal of fortune." Since the middle of 1997, we have witnessed momentous and tragic events in Indonesia. Nobody foresaw the events, and many ordinary Indonesians have experienced a substantial decline in their living standards. This book describes and analyzes Indonesia s most serious economic crisis against the general backdrop of economic decline in Southeast Asia. It also looks to the future, considering Indonesia's immediate policy challenges to overcome the crisis and dwelling on some of the key longer-term policy challenges raised by the crisis.

Product Details

ISBN-13:	9780312228835
Publisher:	Palgrave Macmillan US
Publication date:	11/20/1999
Edition description:	1999
Pages:	153
Product dimensions:	5.51(w) x 8.50(h) x 0.02(d)

About the Author

Hal Hill is Professor of Economics and Head of the Southeast Asian Economies Program at the Australian National University, Canberra.

Table of Contents

Prelude to the Crisis
• The Course of the Crisis
• Socio-Economic Impacts
• Explaining the Crisis
• The Way Ahead
• Broader Analytical and Policy Issues

Editorial Reviews

The writing is clear, concisem and free of jargon. Hal Hill's Indonesian and economic expertise provide a depth that will hold the attention of specialists and generalists alike. Journal of Asian Studies

From the Publisher

Hill (economics, Australian National U.) analyzes the special problems of Indonesia since 1997 within the larger economic decline in southeast Asia. He considers the causes of the crisis, the measures taken to weather it, immediate policy challenges to overcome it, and some long-term problems it has revealed. He includes a chronology from February 1997 to March 1999. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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