This book, first published in 1978, analyses the underlying structure of the Indonesian mass-based economy and its problems, and goes on to show how the hectic economic activity after 1965 failed to come to terms with the real needs of the people. It divides the new Indonesian economy into endogenous and exogenous parts in order to highlight the gulf between ‘growth’ and ‘development’.
Table of Contents
1. Introduction 2. The Economic Crisis of 1965-6 and the Gamble Taken 3. Stabilisation and its Maintenance 4. Rehabilitation and Expansion of the Endogenous Economy 5. New Investment and Exogenous Growth 6. The Oil Sector 7. Disenchantment and Partial Rectification 8. Conclusion