Economic Aspects of Indonesian Disunity
Bibliographic Data
| ID | 2854846 |
|---|---|
| Authors | Donald W Fryer (The University of Melbourne, corresponding author) |
| Year | 1957 |
| Volume | 30 |
| Issue | 3 |
| Pages | 195 |
| Publication date | 1957-09-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Pacific Affairs (JOURNAL) |
| Journal identifiers | ISSN: 0030-851X • E-ISSN: 1715-3379 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/2753418 |
| OpenAlex | W2322537247 |
| Language | EN |
| Citations received | 3 |
HE DECISIVE STEPS in the series of revolts between December i956 and March I957 which drastically reduced the authority of the Indonesian Government over most areas of the country outside Java were taken by senior Army officers. Their action was primarily motivated by dissatisfaction with the internal organisation of the Army and its relationship with the central government. At the same time, it is clear that the action of the local Army commanders in Sumatra, Kalimantan and east Indonesia was in conformity with local political aspirations and had the fullest support of local economic interests.' The action of the Army commanders immediately precipitated a major economic, as well as a political, crisis, but in any event the former was inevitable. Since the end of the Korean War the Indonesian economy has deteriorated, although world economic conditions have been generally favourable. Despite a plethora of plans of all kinds Indonesia, at the end of i956, was virtually unique in eastern and southern Asia in having no overall Plan for economic development in active implementation. At a time when almost every country in Southeast Asia has recorded substantial economic progress, Indonesia has stagnated. The few temporary rallies in the economy have not been sustained. By the end of i956 Indonesia's money supply had reached the record high level of almost I4,000 million Rupiahs. Mainly in consequence of a large budget deficit, the Bank Indonesia's ratio of reserves to deposits fell below the legal minimum of 20 per cent in September and again in December, when by a decision of the Monetary Board the Bank's minimum ratio of gold and convertible foreign currencies was lowered to i5 per cent. At present there seems little likelihood of restoring the old ratio; in April I957 the ratio was I7.8 per cent. The deficit in June I957
Indonesian · Linguistics · Political science · Asian Studies and History · Economic Growth and Fiscal Policies · Philosophy
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,05 |
| Citation span | 1963 - 1972 (10) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |