Indonesian economic development: Mirage or miracle?

Dowling, John Malcolm; Yap, Chin-Fang

doi:10.1016/j.asieco.2008.09.012

Cited by 8 publications

(5 citation statements)

References 5 publications

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“…In addition, the banking system had overextended itself, especially in making loans for property development in and around Jakarta. As has been widely documented, this was associated with vast patronage networks which enabled a 'culture of corruption' that pervaded all levels of government as well as the private sector (Wei, 2000;Temple, 2003;Chua, 2008;Dowling and Chin-Fang, 2008). Indonesia was forced to accept a US$43 billion bail-out from the IMF which required financial reforms and the withdrawal of subsidies on basic commodities (Suryadinata, 1999).…”

Section: Jakarta and The 1997 Asian Financial Crisis (Krismon)mentioning

confidence: 98%

Jakarta in Post-Suharto Indonesia: Decentralisation, Neo-liberalism and Global City Aspiration

Bunnell

Miller²

2011

Space and Polity

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In this paper, an examination is made of Jakarta's changing political and economic position since the mid 1990s. This period of transformation is dealt with in four parts: the first relates to spatial and administrative changes to Jakarta and its wider urban region; the second considers the impact and implications of the 1997 Asian financial crisis (krismon) and ensuing political transformation which saw the resignation of President Suharto; the third part details the decentralisation laws of 1999 and their implications for urban and regional development; and the fourth considers the context of the 2008 -10

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Section: Jakarta and The 1997 Asian Financial Crisis (Krismon)mentioning

confidence: 98%

Jakarta in Post-Suharto Indonesia: Decentralisation, Neo-liberalism and Global City Aspiration

Bunnell

Miller²

2011

Space and Polity

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“…Because of this, the role of the bank in this case is to become an intermediary for two mutually interested parties to harmonize understanding and imperfect information, resulting in economic cost efficiency. 14 As a comparison, there are banks in the world that have implemented the concept of green banking in terms of achieving the Sustainable Development Goals (SDGs) are Bank of America, Industrial Bank from China, Standard Bank from Africa and others. These banks have implemented explicit environmental and social risk management standards in their lending policies.…”

Section: The Green Banking Policymentioning

confidence: 99%

Development of Green Banking Concept in Banking Policy for Considering Environmental Protection

Hatikasari,

Ganefi

2023

JSDERI

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The principles of green banking can strengthen bank risk management strategies, especially related to the environment, and encourage banks to increase investment in environmentally friendly financing. Green banking has developed in its practice with the emergence of regulations, changes, or reconstruction of policies in the banking sector in Indonesia. Therefore, this study aims to examine and analyze the development of the application of green banking in banking policies. Then, it will also find out and analyze the importance of green banking in banking policies in fulfilling banking responsibilities in considering environmental protection in Indonesia. This chapter uses doctrinal legal research methods and is analyzed analytically and qualitatively. The role played by banking corporations is very significant in having a broad impact on the application and efforts to achieve the goals of the green banking concept. The weakness of policies in the banking sector and other implementing regulations in Indonesia has resulted in not a few violations occurring and resulting in damage to the existing environment. Clear regulations as legality in regulating the implementation of green banking and supervision and evaluation are needed to have a broad positive impact on the sustainability and preservation of nature.

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“…A pure competition system that places Pertamina in the same position as a private company in the licensing process -as is done in Norway or in Colombia -is unlikely to be suitable with Indonesia's needs because there is a consensus that Pertamina needs support. However, given the need for private investment, there is also no desire to give Pertamina a monopoly on exploration and production as Saudi Arabia, the right decision taken by the state is likely to be based on the question of what kind of benefits (outside monopoly authority) can be used as part of this system (Bria et al, 2016;Dowling and Yap, 2008). In this regard, NOC management in oil and gas can be specified to the uniformed role and the extent to which it has privilege to obtain some incentives (Table 3).…”

Section: Designs Of Oil and Gas Legal Governancementioning

confidence: 99%

Policy Concept and Designs of Oil and Gas Governance in Indonesia’s Oil Companies

Chandranegara¹,

Hoesein²

2019

IJEEP

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Indonesia's oil and gas governance has been specified in certain laws. The first oil and gas law was Emergency Law No. 44 of 1960. This law was changed to Law No. 8 of 1971 which gave a dual function, namely to Pertamina National Oil Company (NOC), as an operator and regulator. Meanwhile, the function of policy making was carried out by the government. These two functions are known as "two feet." Furthermore, with the promulgation of the Oil and Gas Law No. 22 of 2001, there was a separation of regulatory functions by Pertamina and giving them to state institutions known as BP Migas. The agency was later converted into two different institutions, SKK Migas for regulating upstream oil and gas and BPH Migas for downstream regulation. These functions are known as 'three feet'. However, the Oil and Gas Law No. 22 of 2001 received a lot of criticism, because this law was considered too liberal and put Pertamina as a NOC to compete openly with the International Oil Company (IOC) which was considered to have more good advantages in technology, capital, and risk management. The existing Oil and Gas Law has caused prolonged stagnation in the national oil and gas industry, and reduced the performance of this strategic industry in terms of lifting, exploration, exploitation and oil production. This study is intended to provide a description regarding the various design concepts of oil and gas law governance by referring to the oil and gas management and performance models in various countries and IOC. Furthermore, this study empirically offers a comparison of the NOC model in managing oil and gas, and the advantages and disadvantages of institutional selection over the oil and gas administration

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Indonesian economic development: Mirage or miracle?

Cited by 8 publications

References 5 publications

Jakarta in Post-Suharto Indonesia: Decentralisation, Neo-liberalism and Global City Aspiration

Jakarta in Post-Suharto Indonesia: Decentralisation, Neo-liberalism and Global City Aspiration

Development of Green Banking Concept in Banking Policy for Considering Environmental Protection

Policy Concept and Designs of Oil and Gas Governance in Indonesia’s Oil Companies

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