Indonesia in the 1980's

1213 WordsFeb 2, 20185 Pages
Indonesia’s industrialisation policies play an important role in supporting the achievement of high and sustained economic growth. The move towards export promotion from import substitution in the mid-1980s succeeded in restructuring the economy from agriculture to semi-industrious. As a result, the role of industry within the economy has become increasingly important, and whilst it has been successful within its own sphere of socio-economic prosperity and sustainability, in relative terms, Indonesia has still been outperformed by the 4 ASIAN tigers. Whilst bold and decisive redirection of economic policy is effective, if the implementation and execution of new policies fails to anticipate the demands of a competitive international market, then those policies will be of significantly less worth in a global context. The fiscal policies of the island group just north of Australia need to be flexible to allow for a changing, growing market, the pro-active approach. Indonesia is the largest economy in South East Asia, primary industry of industry (47%), agriculture (15%) and a service industry that makes up nearly 40% of the GDP. More than 1,000 islands totalling almost 2,000,000sq/km make up the largest archipelago in the world. In 2012 the labour force stood at 120 million, 16 times the population of NSW. So what we have is a top 20 economy with a huge workforce and natural resources worth 10s of billions a year. Stepping back to a pre-Suharto Indonesia (for its contextual

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