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Listen and Design
This open access book thoroughly investigates the domain of policy design tailored specifically for micro, small, and medium enterprises (MSMEs) with a central emphasis on harmonizing these policies with the preexisting social capital inherent to these enterprises, consistent with the mandate of Bank Indonesia to guard price stability and to promote financial stability, inclusive, and sustainable growth. The study, grounded in the context of Indonesia, underscores the paramount importance of a systematic approach, necessitating social planners and stakeholders to engage in a preliminary phase of active listening, empathetic understanding, and comprehensive knowledge of the diverse mental fra...
Regional Economics: Fundamental Concepts, Policies, And Institutions
Regional Economics: Fundamental Concepts, Policies, and Institutions is a unique and unconventional economics textbook which emphasizes the role of 'space' in economics and highlights the importance of non-economic factors particularly the role of institutions in regional development. It also presents the approach on how to evaluate regional development performance based on economic, social, and environmental considerations, which is the organizing principle for meeting people-oriented development and sustainable development goals. Other essential concepts such as 'regional science' and 'spatial economics' are also explored in this book.Why activities tend to be spatially concentrated and ca...
Periphery and Small Ones Matter
This open access book analyzes the dualism and inequality insofar as how it is manifested in interregional disparity and small enterprises. Using the case of Indonesia, the author considers how the general direction of policy should be to mitigate the effects of agglomeration forces leading towards concentration, and exploit the same forces by encouraging small businesses to operate in a cluster for collective action. The book addresses these issues by focusing on the role of interactions between policies and institutions, of which social capital is an important part. This is an open access book.
The Political Economy of Policy Reform
Policymakers around the world have increasingly agreed that macroeconomic discipline, microeconomic liberalization, and outward orientation are prerequisites for economic success. But what are the political conditions that make economic transformation possible? At a conference held at the Institute for International Economics, leaders of economic reform recounted their efforts to bring about change and discussed the impact of the political climate on the success of their efforts. In this book, these leaders explore the political conditions conducive to the success of policy reforms. Did economic crisis strengthen the hands of the reformers? Was the rapidity with which reforms were instituted crucial? Did the reformers have a "honeymoon" period in which to transform the economy? The authors answer these and other questions, as well as providing first-hand accounts of the politically charged atmosphere surrounding reform efforts in their countries.
Managing Elevated Risk
This book discusses the risks and opportunities that arise in Emerging Asia given the context of a new environment in global liquidity and capital flows. It elaborates on the need to ensure financial and overall economic stability in the region through improved financial regulation and other policy measures to minimize the emergent risks. "Managing Elevated Risk: Global Liquidity, Capital Flows, and Macroprudential Policy—An Asian Perspective" also explores the range of policy options that may be deployed to address the impact of global liquidity on domestic financial and socio-economic conditions including income inequality. The book is primarily aimed at policy makers, financial market regulators and supervisory agencies to help them improve national regulatory systems and to promote harmonization of national regulations and practices in line with global standards. Scholars and researchers will also gain important information and knowledge about the overall impacts of changing global liquidity from the book.
Global Shock, Risks, and Asian Financial Reform
The growth of financial markets has clearly outpaced the development of financial market regulations. With growing complexity in the world of finance, and the resultant higher frequency of financial crises, all eyes have shifted toward the current inad
Crisis, Complexity and Conflict
Many economic issues that touch the life of millions of people are more complex than most people thought. From the US financial crisis to regional cooperation, from the oil price shock to climate change, policy conflicts are abound. This book argues that understanding the nature and intensity of trade-offs is a key to resolving the conflicts.
The Indonesian Crisis
The book focuses on the impact of the 1997-99 economic crisis on human development in Indonesia, especially in 1998, its worst year. Based on the definition used by the UNDP, human development is analysed as covering human capital (education and health) and purchasing power. In this book, the concept of human capital is broadened to include freedom from fear, health, education, and migration. The first part of the book discusses the economic situation in Indonesia. The second elaborates on what happened to human capital during the crisis and the third part examines its effects on purchasing power. Because human development does not occur in a vacuum, the fourth part discusses some emerging issues in Indonesia. The book concludes with some thoughts on people-centred development, which may contribute to more sustainable development than the development concept that simply pursues high economic growth. With this people-centred development, growth rates of about 3 to 4 per cent are adequate, as long as Indonesia achieves success in human development.
Rebellion to Integration
This study deals with the political history of the Indonesian province of West Sumatra and the Minangkabau people from the late colonial period up to the present, focussing on the course and degree of their integration into the contemporary Indonesian state. The book provides a local perspective on the growth and development of the nationalist movement in Indonesia, the struggle for independence, and the trauma involved for West Sumatra in adapting to an Indonesian state based on very different concepts of government than those that animated the anticolonial struggle in the region. It also helps understand the backgrounds of the recent violent insurgence in several parts of the Indonesian archipelago against the rule of the Javanese-controlled central government.
