This book examines Indonesia's business environment since reformasi began in 1985 - what stayed the same, what changed, and would could change. Economic recovery has been hesitant. Regime change and political reform have created uncertainties that have deepened reluctance to invest. A raft of government-instigated changes have left their imprint: decentralization, privatization, new company legislation, anti-corruption efforts, nationalization of debt-ridden banks, and firms being forced into receivership. More cautious lending practices by remaining financial institutions have imposed a credit crunch. Increased worker militancy and minimum wage rises have led some international firms to reconsider their presence in Indonesia. Changes in the business environment have caused a redefinition of private enterprise-government relations, inducing firms to re-examine their organization and management.
The book includes insights of distinguished and stimulating speakers from business, independent research organizations, and academic institutions in Indonesia, Australia and elsewhere.
Business in Indonesia: New Challenges, Old Problems
Preliminary pages
1. Business in Indonesia: Old Problems and New Challenges, by
Pierre van der EngPART 1: Political and Economic Developments2. Political Update 2003: Terrorism, Nationalism and Disillusionment with Reform , by
Sidney Jones3. Economic Update 2003: After Five Years of Reformasi Ekonomi: What Next?, by
Muhammad Chatib BasriPART II: Overview of the Business Environment4. A New Political Economy? Politics, Ethnicity and Business in Indonesia, by
Sadanand Dhume5. Investment Prospects: A View from the Private Sector, by
James CastlePART III: Foreign Investment and Trade6. Recent Trends in Foreign Direct Investment, by
Kelly Bird7. Exports by Small and Medium-Sized Enterprises in Indonesia, by
Henry Sandee Peter van DiermenPART IV: Key Issues in the Business Environment8. The Effects of Decentralisation on Business in Indonesia, by
Bambang Brodjonegoro9. Political Economy of Privatisation of State-owned Enterprises in Indonesia, by
Tony Prasetiantono10. Corporate Ownership and Management in Indonesia: Does It Change?, by
Yuri Sato11. Tinkering Around the Edges: Inadequacy of Corporate Governance Reform in Post-Crisis Indonesia, by
Daniel Fitzpatrick12. Upholding Indonesian Bankruptcy Legislation, by
Marie-Christine Schroeder-van Waes Kevin Omar Sidharta13. The Private Sector Response to Public Sector Corruption, by
Merly M. Khouw14. A Challenge for Business? Developments in Indonesian Trade Unionism after Soeharto, by
Michele Ford15. Labour Regulation and the Business Environment: Time to Take Stock, by
Chris ManningReferences
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Business in Indonesia: New Challenges, Old Problems
About the Publication
This book examines Indonesia's business environment since reformasi began in 1985 - what stayed the same, what changed, and would could change. Economic recovery has been hesitant. Regime change and political reform have created uncertainties that have deepened reluctance to invest. A raft of government-instigated changes have left their imprint: decentralization, privatization, new company legislation, anti-corruption efforts, nationalization of debt-ridden banks, and firms being forced into receivership. More cautious lending practices by remaining financial institutions have imposed a credit crunch. Increased worker militancy and minimum wage rises have led some international firms to reconsider their presence in Indonesia. Changes in the business environment have caused a redefinition of private enterprise-government relations, inducing firms to re-examine their organization and management.
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