Technocratic Decision Making in Economic Policy

Abstract

Indonesia is often mentioned as an excellent example of a country which has a good economic performance because of its consistent practice of sound macroeconomic policies. Of course there are other countries in East and Southeast Asia progressing equally well or better. But since its independence, lndonesia has gone through two decades of politically turbulent times and missed opportunities for effective economic development.In1966, however, there was a radical tumaround in politics and economic poliry. A new regime took over and since then economic growth proceeded at adequate levels of six percent per mnnm. It is now cruising at a better than seven and a half percent per annum, due to the impact of a series of deregulations and the fruition of investments in infrastrucfure and in human resources development.