Indonesia's Economy

Paper Summary:

This paper presents an overview of Indonesia's economy, discussing first the country's most recent economic crisis and then looking at how the government of Indonesia addressed the crisis. The paper outlines the economic troubles that the crisis brought on and the Indonesian government's efforts to deal with these troubles. The paper explains that, while Indonesia's economic outlook at first appeared bleak, the country's economic future now looks much brighter thanks to a series of economic measures, mostly pertaining to foreign investment, instituted by the government.

From the Paper:

"In October 1997, the Indonesian government had no choice, but to turn to the International Monetary Fund for assistance. Indonesia's economic troubles included a severe depreciation of its currency, the Rupiah, a rising inflation, and a banking system on the verge of collapse. With the assistance of the International Monetary Fund, there were major changes and included "major structural reforms, which should ultimately result in an improved investment climate.""

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