ASEAN regional economy organisations

Question 1

What are some problems that sukarno’s gov struggled with

Answer 1

1. Employment and debt acumination
2. Inflation
3. Religious tensions
4. International economic influence
5. Lack of resources
6. Corruption

Question 2

What are some economic policies under suharto

Answer 2

1. Agriculture development
   - Oil production (Pertamina)
2. Industrialisation
   - import substituting industrialisation
   - Export oriented industrialisation

Question 3

What was the indo gov role in economic activity

Answer 3

They invested heavily in steel, fertilisers,aluminium, petroleum refining, cement and paper

State funding increased from 41billion rp in 1973 to 592 billion rp in 1993, helped to prevent resources from being diverted to these industries away from existing economic activity

State controlled 60% equity in all domestic investment and 93% of the equity in foreign investment projects. Government investment resulted in rapid expansion of indonesian industrial base, and swift restructuring of economy