Indonesia: The Economic Crisis 1997-1998.

Abstract

This paper provides a short study of Indonesia's economic performance before July 1997 and an early diagnosis of the economic crisis in Indonesia, which occurred from July 1997 to March 1998. After achieving remarkable economic development success over the past several decades, Indonesia unavoidably had to face economic difficulties. What are the causes of economic crisis? To answer this question is the purpose of this paper. The paper finds that the combination of several factors contributed to the economic crisis, the factors are: (1) Thailand's economic crisis; (2) contagion/spillover effects; Indonesia's structural weakness, debt and crisis of confidence; (3) globalization and integration within the financial/capital market; (4) investors and panic-stricken lenders; (5) speculative attacks; (6) socio-political factors, drought, forest fires; and (7) foreign exchange rate regimes.

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Document Details

Document Type
Technical Report
Publication Date
Jun 01, 1998
Accession Number
ADA350161

Entities

People

  • Desi A. Mamahit

Organizations

  • Naval Postgraduate School

Tags

Communities of Interest

  • Biomedical
  • Energy and Power Technologies
  • Human Systems
  • Space
  • Weapons Technologies

DTIC Thesaurus Topics

  • Business Administration
  • Commerce
  • Economic Analysis
  • Economic Development
  • Economics
  • Employment
  • Forest Fires
  • Forests
  • Globalization
  • Governments
  • International Trade
  • Investments
  • Management Personnel
  • Money
  • National Governments
  • Organizational Structure
  • United States

Fields of Study

  • Economics

Readers

  • East Asian Political and Security Studies within the Soviet Union
  • Economics