Business Relations in Democratizing Indonesia

Ignatius Ismanto

2018

Abstract

The economic crisis in 1997 is regarded as a blessing in disguise. The Liberal economists believe that the crisis is a momentum in promoting market-oriented economic policy, as a necessary basis for the economic recovery. The economic crisis, therefore, has revamped dirigisme economy that had been grown quite strong in a long period of time. A series of economic liberalization (trade and investment) has been adopted, and caused a deepening economic integration of Indonesia into the wider economic system (regional and global). One thing that is important to note that the economic crisis has also brought a widespread impact on political changes. Since 1998 Indonesia has undergone a dramatic political changes. However, the political change has been increasingly characterized by the tendency of the rise of oligarchy (Robison & Vedi R. Hadiz, 2004). Access to political power beomes an important issue in business relations. Ironically, the political changes are not supported by improving transparency in economic policy. Rent-seeking activities have increasingly institutionalized amidst the changing Indonesia's economy. In fact, rent-seeking activities has become increasingly vulnerable to abuse of power practices. Widespread corruption will increasingly worsen the problems of economic inequality in the midst of economic and political changes in Indonesia.

Paper Citation

in Harvard Style

Ismanto I. (2018). Business Relations in Democratizing Indonesia.In Proceedings of the 1st International Conference on Recent Innovations - Volume 1: ICRI, ISBN 978-989-758-458-9, pages 1489-1495. DOI: 10.5220/0009930614891495

in Bibtex Style

@conference{icri18,
author={Ignatius Ismanto},
title={Business Relations in Democratizing Indonesia},
booktitle={Proceedings of the 1st International Conference on Recent Innovations - Volume 1: ICRI,},
year={2018},
pages={1489-1495},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0009930614891495},
isbn={978-989-758-458-9},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 1st International Conference on Recent Innovations - Volume 1: ICRI,
TI - Business Relations in Democratizing Indonesia
SN - 978-989-758-458-9
AU - Ismanto I.
PY - 2018
SP - 1489
EP - 1495
DO - 10.5220/0009930614891495