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The 'Colonial Drain' from Indonesia, 1823-1990

Research output: Working paper

2 Citations (Scopus)

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
PublisherResearch School of Pacific Studies, The Australian National University
Number of pages48
ISBN (Print)0 7315 1686 9
Publication statusPublished - 1993

Publication series

NameEconomics Division Working Papers, Southeast Asia
No.93/2
ISSN (Print)1038-412X

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