Suchergebnisse

1. Towards a market-based monetary policy / Anwar Nasution -- 2. Rebuilding the banking system in Indonesia since 1997 / Anwar Nasution -- 3. Developing Indonesia's mutual fund industry : a tale of booms, busts, frauds and scandals / Lloyd M. Kenward -- 4. Are emerging Asia's reserves really too high? / Marta Ruiz-Arranz and Milan Zavadjil -- 5. Tax administration reform and fiscal adjustment : the case of Indonesia (2001-7) / John Brondolo. [et al.] -- 6. Intergovernmental transfers : effectiveness and response on government / Raksaka Mahi and Riatu Mariatul Qibthiyyah -- 7. Managing Indonesia's trade policy : how to remove the agenda? / Lili Yan Ing, Mari Elka Pangestu, and Sjamsu Rahardja -- 8. Indonesian manufacturing sector : searching for identity amidst a challenging environment / Dionisius Narjoko and Sjamsu Rahardja -- 9. Globalization and innovation in Indonesian manufacturing / Ari Kuncoro -- 10. Indonesia's democracy and decentralization in the post-1997 era / Maria Monica Wihardja.

Without much preparation, Indonesia, in 2000, at a stroke replaced the previous system of centralized government and development planning with a wide range of decentralization programs. The reforms gave greater authority, political power, and financial resources directly to regencies and municipalities, bypassing the provinces. The powers transferred include those of executing a wide range of responsibilities in the areas of health, primary and middle-level education, public works, environment, communication, transport, agriculture, manufacturing, and other economic sectors. At the same time, the government replaced the antiquated cash-based, single-entry system of public finance with a modern double-entry accounting system that uses a single treasury account; is performance based; and has transparent management of the public treasury, tight expenditure and financial controls with performance indicators, computerized reporting, and a tightly scheduled auditing system. On the positive side, unlike in many developing and transition countries, the decentralization program in Indonesia has not caused major political or economic problems. However, the decentralization program was ill prepared and not carried out in a logical order for two reasons. First, the capacity of subnational governments to produce public and private goods, increase productivity and employment, and promote economic growth in their jurisdictions, was not increased. Because of the long tradition of centralization, local government never built the capacity to carry out economic planning and undertake initiatives to promote local economic growth. Before the reform, the local governments had mainly functioned as implementing agencies of national policies and programs. Second, the number of good financial managers, as required by the new laws of public treasury and auditing, was also limited and needed to be trained. The rising revenues of local governments do not follow their increasing government functions to promote economic development that could potentially cause fiscal imbalances.

Editor's Note: This is an edited transcription of the general session of the January 1998 Pacific Rim Allied Economic Organizations 3rd Biennial Conference, held in Bangkok, Thailand.

Soesastro, H.: ASEAN economic cooperation in change regional and international political economy. - S. 1-40. Pangestu, M.: The ASEAN Free Trade Area. - S. 41-93. Nasution, A.: Open regionalism. The case of ASEAN Free Trade Area. - S. 94-107. Anwar, D. F.: Twenty-five years of ASEAN political cooperation. - S. 108-128. Leifer, M.: ASEAN as a model of a security community? - S. 129-142. Wanandi, J.: ASEAN and an Asia Pacific security dialogue. - S. 143-158. Luhulima, C. P. F.: ASEAN-European Community relations. - S. S. 159-199. Harianto, F.: Technology policy. An ASEAN experience. - S. 200-234. Sadli, M.: ASEAN. A personal reflection. - S. 235-242