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Pincus, Jonathan (1998) 'Indonesia: From Showcase to Basket case.' Cambridge Journal of Economics, 22 (6). pp. 723-734.

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Abstract

The repercussions of the East Asian financial crisis have been the most severe in Indonesia, a country long regarded as one of the developing world's greatest success stories. Although triggered by external factors, the roots of the economic collapse can be traced to a series of policy errors and to the nature of economic policy-making under Suharto. The article reviews the factors leading to the intensification of the crisis, including the attempt of a weak, ‘patrimonial’ Indonesian state to carry out a wide-ranging programme of financial liberalisation. The reforms failed to dismantle the patron-client system and increased the risks of financial crash.

Item Type: Journal Article
SOAS Departments & Centres: Legacy Departments > Faculty of Law and Social Sciences > Department of Economics
ISSN: 0309166X
DOI (Digital Object Identifier): https://doi.org/10.1093/cje/22.6.723
Date Deposited: 09 Dec 2007 13:35
URI: https://eprints.soas.ac.uk/id/eprint/2505

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