The "colonial drain' from Indonesia, 1823-1990

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    Abstract

    Common perception dictates that "colonial exploitation' impeded economic advance in developing economies. This paper uses historical balance of payments and national income data for Indonesia to approximate "colonial drain'. The paper concludes that most of the funds flowing out of the country were payments for the services of foreign labour and investment capital in Indonesia. Even using the broadest possible definition of "drain' the historical path of economic growth in Indonesia is not reversed. In fact, the "drain' was most substantial during two periods of accelerated growth, 1900-29 and 1967-90. -from Author

    Original languageEnglish
    JournalEconomics Division Working Papers, Southeast Asia - Australian National University Research School of Pacific Studies
    Volume1993
    Issue number2
    Publication statusPublished - 1993

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