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Indonesia’s Restrained State Capitalism: Development and Policy Challenges

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Indonesia’s Restrained State Capitalism : Development and Policy Challenges. / Kim, Kyunghoon.

In: JOURNAL OF CONTEMPORARY ASIA, 21.10.2019.

Research output: Contribution to journalArticle

Harvard

Kim, K 2019, 'Indonesia’s Restrained State Capitalism: Development and Policy Challenges', JOURNAL OF CONTEMPORARY ASIA. https://doi.org/10.1080/00472336.2019.1675084

APA

Kim, K. (2019). Indonesia’s Restrained State Capitalism: Development and Policy Challenges. JOURNAL OF CONTEMPORARY ASIA. https://doi.org/10.1080/00472336.2019.1675084

Vancouver

Kim K. Indonesia’s Restrained State Capitalism: Development and Policy Challenges. JOURNAL OF CONTEMPORARY ASIA. 2019 Oct 21. https://doi.org/10.1080/00472336.2019.1675084

Author

Kim, Kyunghoon. / Indonesia’s Restrained State Capitalism : Development and Policy Challenges. In: JOURNAL OF CONTEMPORARY ASIA. 2019.

Bibtex Download

@article{dddd54d2709f45f8a3cb890a003e68da,
title = "Indonesia’s Restrained State Capitalism: Development and Policy Challenges",
abstract = "From the mid-2010s, the Indonesian government began to strengthen its direct participation in the economy by investing significantly in and via state-owned enterprises. Since the ownership reorganisation of state enterprises has been slow in the past, the government continues to hold a large portfolio of companies in diverse industries. Fiscal space was created after reducing fuel subsidies, enabling the government to inject a large amount of capital into state enterprises. The government’s control over the financial industry has also contributed to state enterprises’ expansion. However, state capitalism looks quite different now than the period before the Asian economic crisis. Economic and political changes of the past two decades have resulted in various domestic forces keeping the government’s aggressive mobilisation of state enterprises in check. Therefore, the recent state enterprise-centred development strategy in Indonesia can be described as “restrained state capitalism.”.",
keywords = "State capitalism, industrialisation, infrastructure, state-owned enterprise",
author = "Kyunghoon Kim",
year = "2019",
month = "10",
day = "21",
doi = "10.1080/00472336.2019.1675084",
language = "English",
journal = "JOURNAL OF CONTEMPORARY ASIA",
issn = "0047-2336",
publisher = "Taylor & Francis",

}

RIS (suitable for import to EndNote) Download

TY - JOUR

T1 - Indonesia’s Restrained State Capitalism

T2 - Development and Policy Challenges

AU - Kim, Kyunghoon

PY - 2019/10/21

Y1 - 2019/10/21

N2 - From the mid-2010s, the Indonesian government began to strengthen its direct participation in the economy by investing significantly in and via state-owned enterprises. Since the ownership reorganisation of state enterprises has been slow in the past, the government continues to hold a large portfolio of companies in diverse industries. Fiscal space was created after reducing fuel subsidies, enabling the government to inject a large amount of capital into state enterprises. The government’s control over the financial industry has also contributed to state enterprises’ expansion. However, state capitalism looks quite different now than the period before the Asian economic crisis. Economic and political changes of the past two decades have resulted in various domestic forces keeping the government’s aggressive mobilisation of state enterprises in check. Therefore, the recent state enterprise-centred development strategy in Indonesia can be described as “restrained state capitalism.”.

AB - From the mid-2010s, the Indonesian government began to strengthen its direct participation in the economy by investing significantly in and via state-owned enterprises. Since the ownership reorganisation of state enterprises has been slow in the past, the government continues to hold a large portfolio of companies in diverse industries. Fiscal space was created after reducing fuel subsidies, enabling the government to inject a large amount of capital into state enterprises. The government’s control over the financial industry has also contributed to state enterprises’ expansion. However, state capitalism looks quite different now than the period before the Asian economic crisis. Economic and political changes of the past two decades have resulted in various domestic forces keeping the government’s aggressive mobilisation of state enterprises in check. Therefore, the recent state enterprise-centred development strategy in Indonesia can be described as “restrained state capitalism.”.

KW - State capitalism

KW - industrialisation

KW - infrastructure

KW - state-owned enterprise

UR - http://www.scopus.com/inward/record.url?scp=85076460453&partnerID=8YFLogxK

U2 - 10.1080/00472336.2019.1675084

DO - 10.1080/00472336.2019.1675084

M3 - Article

JO - JOURNAL OF CONTEMPORARY ASIA

JF - JOURNAL OF CONTEMPORARY ASIA

SN - 0047-2336

ER -

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