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FAMILY BUSINESSE S I N INDONESI A J. Panglayki m ABSTRACT With th e developmen t o f th e nationa l econom y an d credi t standin g o f Indonesia, ne w opportunitie s hav e bee n mad e availabl e t o th e nationa l business sector . Thi s secto r comprise s economicall y stron g an d economically wea k groups . I n a ste p toward s fosterin g nationa l unit y th e government ha s recognize d famil y businesse s whic h hav e bee n successfu l in establishin g themselve s i n th e nationa l privat e sector , a s nationa l assets. I t wa s durin g th e perio d fro m 196 9 through 197 3 that man y WNI s (Indonesian abbreviatio n fo r Indonesia n citizen s o f Chinese origin ) o f th e Indonesian nationa l privat e secto r ha d bee n give n ne w opportunitie s t o develop their business, of which they have taken good advantage. According t o ou r analysis , th e family-owne d (WNI ) businesse s hav e diversified themselve s int o a numbe r o f industrial , business , banking , and transportatio n activities . Thei r presenc e a s a n importan t par t o f th e national privat e secto r ha s no w mad e the m nationa l assets . Bu t probabl y some political circle s might regar d the m a s monopolists o r oligopolist s wh o may hinder th e progres s o f the majority . However , from ou r assessmen t o f opinion i n various circles , it appear s tha t th e concer n i s no longer directe d towards, fo r instance , curtailin g th e activitie s of , o r 'destroying' , thes e national asset s bu t mor e toward s ho w t o mak e thes e 'family-owne d conglomerates' a t on e stag e trul y nationall y an d publicl y owne d enterprises. Family-owned an d WN I businesse s whic h hav e develope d int o diversified an d bi g conglomerate s b y Indonesia n standards , hav e becom e the provider s o f job opportunitie s an d offe r a n assortmen t o f products an d services. This mean s tha t the y hav e become integra l part s o f the nationa l private sector . The y wil l b e expecte d t o contribut e t o th e growt h o f th e national economy . The y hav e meanwhil e develope d thei r capabilitie s an d capacities a s part o f the international credi t standin g of the nation . S o th e continuity o f these nationa l asset s i s importan t fo r th e nation , especiall y when w e look far int o the future . Thi s continuit y migh t be maintaine d i f a more sophisticate d busines s infrastructure , includin g a mor e sophisticate d stock market , i s developed . Thi s wil l the n creat e a climat e conduciv e an d attractive for som e of these big family businesses to go public. ...

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