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In 2011, the Indonesian government announced a new Masterplan (known as the MP3EI, or Masterplan Percepatan dan Perluasan Pembangunan Ekonomi Indonesia, the Masterplan to Accelerate and Expand Economic Development in Indonesia). The aim was to encourage increased investment, particularly in infrastructure projects across Indonesia. [153]
Marhaenism (Indonesian: Marhaenisme) is a socialistic political ideology originated and developed by the first President of Indonesia, Sukarno. [1] It was developed from the ideas of Marxism applied according to the nature and culture of Indonesia, or simply described as "Marxism adapted to Indonesian conditions".
The national emblem of Indonesia contains a shield that represents Pancasila. Pancasila economics (Indonesian: Ekonomi Pancasila), also known as "Indonesian populist economics" (Indonesian: Ekonomi kerakyatan Indonesia), is an economic system which aims to reflect the five principles of Pancasila. [1]
Indonesia was supported materially and diplomatically by the United States, Australia, and the United Kingdom, who regarded Indonesia as an anti-communist ally. Following the 1998 resignation of Suharto , the people of East Timor voted overwhelmingly for independence in a UN-sponsored referendum held on 30 August 1999.
Widjojo Nitisastro (23 September 1927 – 9 March 2012) was an Indonesian economist, who was known as the main architect of the Indonesian economy during the New Order regime [1] of President Suharto, serving as Minister for National Development (1971–1983) and Coordinating Minister for Economy, Finance and Industry (1973–1983). [2]
Under the cultivation system (or "tanam paksa" in Indonesian) in place for most of the 19th century, the Dutch colonial government in the Indonesian archipelago required indigenous farmers to deliver, as a sort of tax, fixed amounts of specified crops, such as sugar or coffee.
In the mid-1950s, the economists who would become the Berkeley Mafia were students at the Faculty of Economics at the University of Indonesia (FEUI). The faculty was headed by Sumitro Djojohadikusumo, an economist who had served as Minister of Trade and Industry and Minister of Finance for the Government.
Year Date Event 200 BCE "Dvipantara" or "Yawadvipa", a mystic Hindu kingdom is mentioned in India's earliest epic, the Ramayana; Sugriva, the chief of Rama's army dispatched his men to Yawadvipa in search of Sita then later used by the Indianized islander of Java Island and kingdom of Portugal to name the island during the age of discovery.