Making Economic Policy in Weak, Democratic, Post-crisis States: An Indonesian Case Study

Haryo Aswicahyono*, Kelly Bird, Hal Hill

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

24 Citations (Scopus)

Abstract

Economic crises in developing countries differ in their causes, severity and recovery trajectories. The literature on the causes and immediate management of these crises is well developed. However, it is more difficult to develop an a priori framework which facilitates an analytical interpretation of how crises affect economic policy and hence recovery. This is especially so in the commonly occurring "twin crises," in which an economic crisis interacts with regime collapse. Country studies are needed to contribute to the development of such a framework. This paper addresses these issues with reference to Indonesia's deep economic and political crisis of 1997-98.

Original languageEnglish
Pages (from-to)354-370
Number of pages17
JournalWorld Development
Volume37
Issue number2
DOIs
Publication statusPublished - Feb 2009

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