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ISEAS–Yusof Ishak Institute
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summary
This book examines Indonesia's business environment since reformasi began in 1985 -- what stayed the same, what changed, and would could change. Economic recovery has been hesitant. Regime change and political reform have created uncertainties that have deepened reluctance to invest. A raft of government-instigated changes have left their imprint: decentralization, privatization, new company legislation, anti-corruption efforts, nationalization of debt-ridden banks, and firms being forced into receivership. More cautious lending practices by remaining financial institutions have imposed a credit crunch. Increased worker militancy and minimum wage rises have led some international firms to reconsider their presence in Indonesia. Changes in the business environment have caused a redefinition of private enterprise-government relations, inducing firms to re-examine their organization and management. The book includes insights of distinguished and stimulating speakers from business, independent research organizations, and academic institutions in Indonesia, Australia and elsewhere.

Table of Contents

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  1. Cover
  2. p. 1
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  1. Title Page, Copyright Page
  2. pp. i-iv
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  1. CONTENTS
  2. pp. v-vi
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  1. TABLES
  2. pp. vii-viii
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  1. FIGURES
  2. pp. ix-x
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  1. CONTRIBUTORS
  2. pp. xi-xii
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  1. ACKNOWLEDGMENTS
  2. pp. xiii-xiv
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  1. GLOSSARY
  2. pp. xv-xx
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  1. 1 BUSINESS IN INDONESIA: OLD PROBLEMS AND NEW CHALLENGES
  2. pp. 1-20
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  1. PART I - Political and Economic Developments
  2. pp. 21-43
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  1. 2. POLITICAL UPDATE 2003: TERRORISM, NATIONALISM AND DISILLUSIONMENT WITH REFORM
  2. pp. 23-38
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  1. 3 ECONOMIC UPDATE 2003: AFTER FIVE YEARS OF REFORMASI EKONOMI, WHAT NEXT?
  2. pp. 39-57
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  1. PART II - Overview of the Business Environment
  2. pp. 59-81
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  1. 4 A NEW POLITICAL ECONOMY? POLITICS, ETHNICITY AND BUSINESS IN INDONESIA
  2. pp. 61-71
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  1. 5 INVESTMENT PROSPECTS: A VIEW FROM THE PRIVATE SECTOR
  2. pp. 72-89
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  1. PART III - Foreign Investment and Trade
  2. pp. 91-113
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  1. 6 RECENT TRENDS IN FOREIGN DIRECT INVESTMENT
  2. pp. 93-107
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  1. 7 EXPORTS BY SMALLAND MEDIUM-SIZED ENTERPRISES IN INDONESIA
  2. pp. 108-121
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  1. PART IV - Key Issues in the Business Environment
  2. pp. 123-145
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  1. 8 THE EFFECTS OF DECENTRALISATION ON BUSINESS IN INDONESIA
  2. pp. 125-140
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  1. 9 POLITICAL ECONOMY OF PRIVATISATION OF STATE-OWNED ENTERPRISES IN INDONESIA
  2. pp. 141-157
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  1. 10 CORPORATE OWNERSHIPAND MANAGEMENT IN INDONESIA: DOES IT CHANGE?
  2. pp. 158-177
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  1. 11 TINKERING AROUND THE EDGES: INADEQUACY OF CORPORATE GOVERNANCE REFORM IN POST-CRISIS INDONESIA
  2. pp. 178-190
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  1. 12 UPHOLDING INDONESIAN BANKRUPTCY LEGISLATION
  2. pp. 191-203
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  1. 13 THE PRIVATE SECTOR RESPONSE TO PUBLIC SECTOR CORRUPTION
  2. pp. 204-220
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  1. 14 A CHALLENGE FOR BUSINESS? DEVELOPMENTS IN INDONESIAN TRADE UNIONISM AFTER SOEHARTO
  2. pp. 221-233
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  1. 15 LABOUR REGULATION AND THE BUSINESS ENVIRONMENT: TIME TO TAKE STOCK
  2. pp. 234-249
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  1. REFERENCES
  2. pp. 251-262
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  1. INDEX
  2. pp. 263-275
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