The countries that belong to the developing regions of the world have been confronted with a number of distinctive challenges within such a globalized economy, while their respective financial as well as their trade links have been closely tangled with those of powerful, developed countries in which it governed the international economic institutions. This paper outlined the key elements of the post-World War II development model of Indonesia. At the same time, there will be identification of the major changes as well as to the key theoretical influences.
Illustrating on a broad variety of this study, it researches about the developments in the world economy. With the elements to be mentioned, such strategies contribute to the adaptation of models from the rich countries to the developing countries. That is for the purpose of developing the most efficient in a global market-oriented economy. In the political and economic aspects of Indonesia, as how it can maximize its chances for success, and what exactly is the role of international financial and trade institutions in its development.
Most importantly, in order to attain the purpose of this paper, it includes theoretical views, and other related issues in relation to this subject. Furthermore, to cover the occurrence of the post-World War II as well as the comparison of some political issues pertaining to the development model applied, specifically in Indonesia. On the other hand, as to how all these affect to the development of the country and to their economic condition as a whole.
The Key Elements of the Post-World War II in Indonesia and
Changes and the Key Theoretical Influences
The National Revolution of Indonesian
Not like the Philippines and Burma...
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... 2001)
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Firstly, there is a need to understand what is meant by development. It is defined as “the continuous and positive change in the economic, social, political and cultural dimensions of the human condition, guided by the principle of freedom of choice and the limited capacity of the environment to sustain such change.” (Sharpley, 2003: 8-7). Sharpley (2000) explains how theories of development have progressed; Firstly the ‘Modernisation Theory’ (1950s- 1960s), in which societies are seen to switch from traditional to modern only through economic growth. Next is the ‘Dependency Theory’ (late 1960s), this takes into account the historical and economic structures of developing countries, distribution of benefits, social players such as local elites, state interests and private companies, and situations in which an economy and development of a country can be conditioned by a more dominant country (Santos, 1970). The ‘Neo Classical Counter Revolution theory’ (1980s) was made to fit in with global events such as the economic depression, and development policies that build upon dependence on free market. Finally, ‘Sustainable development’ (late 1980s) is the theory that creates the encouragement for development of many developing countries. This theory aided by government policies of backings, tax breaks, and incentives. These theories have developed through growing knowledge of evolving processes, and dismissal of past theories (Sharpley, 2000).
G. Robinson, 'The post-coup massacre in Bali', in D. Lev & R. McVey (eds), Making
Throughout the chapter the text exerts more emphasis on the economical evaluation of a country's development rather than the alternative method. It begins to branch off quickly into the classification of countries deriving new topics all relating back to the economical approach. Beginning this discussion is the topic of underdevelopment.
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From the ever existing tension between “pribumi” and Chinese Indonesians to separatist movements in Aceh, Maluku and Papua. The tension between “pribumi” and Chinese Indonesians was apparent during the latest presidential election. President Joko Widodo at the time was painted as a peon of the Chinese Indonesian business community, who will only prolong the economic domination of the Chinese Indonesian. Regarding separatist movements, these factions dream of independence, to be their own nations which consisted of Acehnese, Moluccans or Papuans. Interesting to note that in Indonesia, the “other” has always been fellow Indonesians of different ethnicity. Only a tiny fraction of the population worries about global flows, what the people have always been asking is their group rights, to be specific, economic. Aceh and Papua, well-endowed with natural resources, are both main contributors to the government’s treasury. Despite this fact, Aceh and Papua lag behind other provinces in terms of basic healthcare, education and infrastructure. Aceh in particular, asked for the right to implement Sharia law, which was granted by the government as part of the peace deal reached in
The International Monetary Fund and the World Bank were created as a result of the Bretton Woods Conference. Both provide assistance to countries suffering economically. While the IMF is a cooperative institution that aims to create an organized global system of payments and receipts, the World Bank is an institution that aims to help developing countries (Driscoll 1). Both play a part in the economies of struggling nations with the goal of reducing their burden and helping them to survive in the global economic system. Unfortunately, in many cases their practices within developing nations have been seen to create more harm than good. This is possibly because both institutions use a one size fits all approach when aiding countries rather than gaining a deep understanding of each country they are involved in and catering their approach as a result. In this paper I will examine the practices of the IMF and World Bank in developing nations that have led to failure and the effects the policies had on these countries.
Case, W.. (2001). Malaysia’s general elections in 1999: A consolidated and high quality semi-democracy. Asian Studies Review. Vol. 25. Number 1.
In order for any country to survive in comparison to another developed country they must be able to grow and sustain a healthy and flourishing economy. This paper is designed to give a detailed insight of economic growth and the sectors that influence economic growth. Economic growth in a country is essential to the reduction of poverty, without such reduction; poverty would continue to increase therefore economic growth is inevitable. Through economic growth, it is also an aid in the reduction of the unemployment rate and it also helps to reduce the budget deficit of the government. Economic growth can also encourage better living standards for all it is citizens because with economic growth there are improvements in the public sectors, educational and healthcare facilities. Through economic growth social spending can also be increased without an increase of taxes.
Poor countries have been receiving aid from the international community for over a century now. While such aid is supposed to be considered an act of kindness from the donor nations or international bodies, it has led to over dependence among the developing countries. They have adopted the habit of estimating and including international aid in their national budgets to reduce their balance of trade deficits. It is believed that foreign aid is necessary for poor nations in order to break the cycle of poverty that ties their citizens in low productivity zones and so their economy will not be weak. However, some critics view the extension of aid to poor countries as means of keeping the nations in economic slumber so that they can wake up from only by devising ways of furthering self-sustainability. Because of these two schools of thought concerning the topic, debate has arisen on which side is more rational and factual than the other. The non-sustainable nature of international aid, however, leaves the question of what may happen in the event that foreign aid is unavailable for the poor nations. After thorough consideration on the effects of the assistance to poor countries, it is sufficient to state that giving international aid to the poor nations is more disadvantageous than beneficial to the nations. This point is argued through an analysis of the advantages and disadvantages of giving international aid to the poor countries with appropriate examples drawn from various regions of the world to prove the stance.
Globalization is the new notion that has come to rule the world since the nineties of the last century with the end of the cold war. The frontlines of the state with increased reliance on the market economy and renewed belief in the private capital and assets, a process of structural alteration encouraged by the studies and influences of the World Bank and other International organisations have started in many of countries. Also Globalisation has brought in new avenues to developing countries. Greater access to developed country markets and technology transfer hold out promise improved productivity and higher living standard.
In international parlance, development encompasses the need and the means by which to provide better life for people in poor countries and it includes not only economic growth, although that is crucial, but also human development like...