Times Are Changing
Can Indonesia stay the Course
Bibliographic Data
| ID | 8416698 |
|---|---|
| Authors | Maria Monica Wihardja (ISEAS - Yusof Ishak Institute), Mohamad Ikhsan (0000-0002-5699-7933, University of Indonesia), Vivi Alatas (University of Makati) |
| Year | 2025 |
| Volume | 61 |
| Issue | 2 |
| Pages | 169-204 |
| Publication date | 2025-05-04 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Bulletin of Indonesian Economic Studies (JOURNAL) |
| Journal identifiers | ISSN: 0007-4918 • E-ISSN: 1472-7234 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/00074918.2025.2526824 |
| OpenAlex | W4414048921 |
| Language | EN |
| Citations received | 1 |
| References cited | 18 |
President Prabowo Subianto’s first 10 months in office have been marked by shifting domestic and global dynamics. Domestically, his populist, project-driven and fiscally expansionary approach has been unfolding in an inherited fragile institutional environment, putting pressure on Indonesia’s longstanding foundational pillars of economic resilience: fiscal discipline, central bank independence, private sector dynamism and a vibrant middle class. Externally, China’s growing dominance in global manufacturing—the so-called ‘second China shock’—alongside receding US global leadership and a fraying rules-based global order, has heightened uncertainty. Whether Indonesia can stay the course and navigate changing domestic and global dynamics depends on its policy responses and willingness to take deep structural reform by restoring economic policy credibility, recalibrating the state’s role in development, rebuilding the middle class with a renewed social contract, maintaining sufficient economic buffers and enhancing the quality of policy decision-making and public communication
China · Dominance (genetics) · Dynamism · Economic reform · Inequality · Middle class · Private sector · Public sector · Asian Studies and History · Political Influence and Corporate Strategies
| Unique citing works | 1 |
|---|---|
| Citations per year | 1 |
| Citation span | 2025 - 2025 (1) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 1 |