For thirty years, Indonesia’s economy grew steadily under the ironclad rule of President Suharto – but at the heavy cost of internal suppression of dissent. This suppression of dissent robbed Indonesia’s economy of the vitality and incentives associated with a free-market economy in which individual property owners, who in the process of seeking to accumulate wealth enrich the entire economy and create economic growth. While Indonesia has since overthrown the dictatorial government, corruption and
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1. What political factors explain Indonesia’s poor economic performance? What economic factors? Are these two related? President Suharto, in his term, used a “crony capitalism” style of political system to control his country. This type and style of government aid Suharto in his command of the political system to favour the business enterprises of his supporters and family. Suharto placed the country’s money into declining and failing companies rather than placing the money in developing and further
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11 May 2013 1. What political factors explain Indonesia’s poor economic performance? What economic factors? Are these two related? There are several political factors that contribute to the economic state of Indonesia. I will explain a few of them in this paper along with economic factors that weaken the overall state of Indonesia. Economic and political factors together make up the part of the political economy “the political, economic, and legal systems of a country are
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What political factors explain Indonesia’s poor economic performance? What economic factors? Are these two related? * President Suharto have used the crony capitalism to benefit his family’s businesses and friends as well. In 1997, the monetary fund gave Indonesia $43, but President Suharto took that money for his personal use. Suharto caused the political and economic factors. Why do you think foreign firms have been exiting Indonesia in recent years? What are the implications for the country
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of the indicators would have greater importance for a company that markets laptop computers? Considering the MPI rankings, which de- veloping countries would you advise such a company to enter first? “crony capitalism,” using his command of the political system to favor the business enterprises of his support- ers and family. In the end, Suharto was overtaken by massive debts that Indonesia had accumulated during the 1990s. In 1997, the Indonesian economy went into a tailspin. The International
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Case Study: Indonesia, Asia’s Stumbling Giant What political factors explain Indonesia’s poor economic performance, what were the factors and were they related? From 1967 to 1998 President Suharto used a “crony capitalism” style of government to control his country, (Hill, 2013). In this style of government, leaders such as Suharto can favor the business enterprises of his supporters and family. Instead of placing money in the country’s infrastructure or possibly better ran companies, Suharto
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Studies Instructions 1. Each group (six students, max.) will analyze the four cases attached herewith by answering the cases related questions. 2. Students are advised to apply relevant concept available in lecture materials, textbook, and/or any related sources while answering case related questions. 3. Length of each case analysis must be 2-5 pages including explanations, related charts, and images, if any. 4. The deadline of submission is April 05, 2016. Don’t miss the deadline. However, early submission
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National Differences in Political Economy Learning objectives • Understand how the political systems of countries differ. • Understand how the economic systems of countries differ. • Understand how the legal systems of countries differ. • Be able to explain what determines the level of economic development of a nation. • Discuss the macro-political and economic changes taking place worldwide. • Describe how transition economies are moving towards
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half of the population can be classified as belonging to the two main ethnic groups: Javanese (41 percent of the total population) and Sundanese (15 percent of the total population). Both these groups originate from the island of Java, Indonesia's most populous island, which contains almost sixty percent of the country's total population. When the island of Sumatra is included, this figure rises to approximately eighty percent of Indonesia's total population, indicating a significant population concentration
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Economic Development The Impact of Political Decision Making Process to Economic Development Ruben Tota 1006805763 Statement of Authorship “Saya/kami yang bertandatangan dibawah ini menyatakan bahwa makalah/tugas terlampir adalah murni hasil pekerjaan saya/kami sendiri. Tidak ada pekerjaan orang lain yang saya/kami gunakan tanpa menyebutkan sumbernya. Materi ini tidak/belum pernah disajikan/digunakan sebagai bahan untuk makalah/tugas pada mata ajaran lain kecuali saya/kami menyatakan
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