Posts with tag: Danantara Sumberdaya Indonesia

Prabowo’s managed coercion is reshaping Indonesia’s political-economic order

Prabowo’s regime has demonstrated that the state retains a latent, potent capacity to dictate the terms of economic accumulation. But this does not imply the erasure of Indonesia’s elite networks, but rather a structural rearticulation of their relationship with the state. While the oligarchs are currently forced to adapt to these centralising arrangements, their compliance should not be mistaken for permanent submission.

Indonesia’s economic centralisation under Prabowo

Analysis, Economy

The question for Indonesia today is whether Prabowo’s unbridled centralisation will deliver the sustained economic growth that it promises, or merely build new institutions that distort the coordinating work of markets. Economic centralisation certainly offers more command over the nation’s wealth and a stronger hand in bargaining with the world, but any policy is only as good as the hands that work it.

Indonesia at Melbourne is supported by:

Melbourne Law School Asia Institute Centre for Indonesian Law, Islam and Society Indonesia Forum Faculty of Arts Indonesia Democracy Hallmark Research Initiative

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Date created: 1 July 2015

Editor: Ary Hermawan

Editorial board:
Professor Tim Lindsey
Dr Tim Mann
Aron Corbett

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