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This book offers an in-depth exploration of Indonesia s political economy from the aftermath of the 1997 98 Asian Financial Crisis to its emergence as a pivotal economic and geopolitical actor in Southeast Asia. It examines how Indonesia navigated structural reforms, decentralization, state-business relations, and shifting development strategies in response to both domestic challenges and global trends. Organized chronologically and thematically, the chapters trace Indonesia s economic governance through major milestones, including post-Suharto transitions, democratic consolidation, financial liberalization, the rise of state capitalism, and post-2008 global economic transformations. Key themes include political patronage and economic rent-seeking, infrastructure development, environmental and energy policy, technological innovation, and Indonesia s evolving international economic diplomacy.
Bridging the disciplines of political science, development economics, and international relations, the book brings together theoretical analysis and empirical evidence to understand how power, institutions, and global forces have shaped Indonesia s developmental trajectory. It is essential reading for scholars and practitioners interested in emerging markets, economic governance, and Southeast Asian studies.
List of contents
Chapter 1: Introduction.- Chapter 2: The Asian Financial Crisis and Reformasi (1997 - 2004).- Chapter 3: Decentralization and Regional Autonomy (2001 - 2010).- Chapter 4: Economic Growth in the Democratic Era (2004 - 2014).- Chapter 5: Infrastructure and Innovation (2015 - 2024).- Chapter 6: Agriculture and Rural Development.- Chapter 7: Industrialization and Manufacturing.- Chapter 8: Energy and Natural Resources.- Chapter 9: Services Sector and Tourism.- Chapter 10: Environmental Sustainability and Economic Development.- Chapter 11: Social Equity and Economic Policy.- Chapter 12: The Future of Indonesia's Economy.- Chapter 13: Reflections on Indonesia s Economic Journey.- Chapter 14: Conclusion.
About the author
Dr Sangaralingam Ramesh is a Lecturer in Economics at University College London and a Departmental Lecturer in Political Economy at the University of Oxford. He holds a PhD from SOAS and has published extensively on development, innovation, and governance.
Summary
This book offers an in-depth exploration of Indonesia’s political economy from the aftermath of the 1997–98 Asian Financial Crisis to its emergence as a pivotal economic and geopolitical actor in Southeast Asia. It examines how Indonesia navigated structural reforms, decentralization, state-business relations, and shifting development strategies in response to both domestic challenges and global trends. Organized chronologically and thematically, the chapters trace Indonesia’s economic governance through major milestones—post-Suharto transitions, democratic consolidation, financial liberalization, the rise of state capitalism, and post-2008 global economic transformations. Key themes include political patronage and economic rent-seeking, infrastructure development, environmental and energy policy, technological innovation, and Indonesia’s evolving international economic diplomacy. Bridging the disciplines of political science, development economics, and international relations, the book brings together theoretical analysis and empirical evidence to understand how power, institutions, and global forces have shaped Indonesia’s developmental trajectory. It is essential reading for scholars and practitioners interested in emerging markets, economic governance, and Southeast Asian studies.
