Implications of Indonesian Economic Globalization and Economic Development in 1945–2014

DOI

10.2991/978-2-494069-35-0_241How to use a DOI?

Keywords

Economic; Globalization; Indonesia’s Economic Development

Abstract

For 69 years (1945–2014), Indonesia has been led by six presidential figures, namely Soekarno (1945–1967), Suharto (1967–1998), Baharuddin Jusuf Habibie (1998–1999), Abdurraman Wahid (1999–2001), Megawati Soekarno Putri (2001–2004), and Susilo Bambang Yudhoyono (2004–2014). This study presents a qualitative descriptive description with a discussion based on a literature review on historical aspects and theoretical foundations sourced from various books by experts relevant to this research with the following results. Each president in his leadership period has planned and implemented economic development programs with different systems and levels of success. In the early days of independence with the government of President Soekarno, Indonesia’s level of economic development was included in the low category. Characterized by the economic growth of only 0.6 percent in 1966, the state treasury was empty. Getting into the new order era under the leadership of President Soeharto, the level of economic development in Indonesia from the beginning of his administration until 1985 included in the high category with an average of 7 percent. However, at the end of his leadership in 1998, Indonesia experienced a monetary crisis with an economic growth rate of minus 13 percent. There is much damage to natural resources. The equitable distribution of national wealth is lacking. Indonesia's attention during the ‘old order’ and the new order was more focused on diplomacy in politics and security, so diplomacy in the economy was still low. Entering the reformation period, Indonesia's complicity in economic globalization began to experience a significant increase. However, compared to other ASEAN countries, Indonesia's complicity in economic globalization is in a low category. Meanwhile, Singapore, Malaysia, and Thailand are aggressively increasing their exports.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Almen S. Ramaino
AU  - Aksilas Dashfordate
AU  - Meity Najoan
PY  - 2023
DA  - 2023/01/17
TI  - Implications of Indonesian Economic Globalization and Economic Development in 1945–2014
BT  - Proceedings of the Unima International Conference on Social Sciences and Humanities (UNICSSH 2022)
PB  - Atlantis Press
SP  - 2011
EP  - 2016
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-494069-35-0_241
DO  - 10.2991/978-2-494069-35-0_241
ID  - Ramaino2023
ER  -