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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] The term "Pancasila economy" first appeared in an article by Emil Salim in 1967. [2]
On 26 March 1979, thru Presidential Decree No. 10/1979, the Agency for Development, Education, Implementation of Guidelines for the Appreciation and Practice of Pancasila (Badan Pembinaan Pendidikan Pelaksanaan Pedoman Penghayatan dan Pengamalan Pancasila, BP-7) was founded by Suharto administration to futher develop Pancasila as national ideology.
Mubyarto (3 September 1938 – 24 May 2005) was an Indonesian economist. He was born in Sleman, in Yogyakarta, and became a professor of economics at Gadjah Mada University in Yogyakarta specialising in agricultural economics.
The ideal of Pancasila has not effectively translated into a functioning liberal democracy in Indonesia. Instead, Pancasila has become a symbol of Indonesian exceptionalism, embodying the nation's values and identity. Pancasila is open to abuse, which in this case was the invitation to criminalise all kinds of ideologies but Pancasila itself.
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Sumitro (standing, third from left) as part of an Indonesian student football team in 1939. Sumitro was born in Kebumen on 27 May 1917. He was the eldest child of Margono Djojohadikusumo, a high ranking civil servant in the colonial government of the Dutch East Indies and later founder of Bank Negara Indonesia, [1] [2] and Siti Katoemi Wirodihardjo. [3]
A mixed economy is an economic system that includes both elements associated with capitalism, such as private businesses, and with socialism, such as nationalized government services.
The Pancasila Building (Indonesian: Gedung Pancasila) is a historic building located in Central Jakarta, Indonesia.The name "Pancasila" refers to the speech delivered by Sukarno in the building on which he spoke about the concept of Pancasila, a philosophical concept which would be the foundation of the Indonesian nation, on June 1, 1945.