ABSTRACT
There are many angles to tell a story about the Indonesian economy. From the success point of view, the Indonesian economy performed remarkably well by demonstrating a relatively quick turn around after the devastating economic and political crises in the late 1990s. Indonesia managed to put its economic growth back on track relatively quickly compared to other countries with similar size struck by economic crisis, such as Brazil and Russia. As consequences, the poverty rate continues to fall and the fiscal position is dramatically improved. While the boom in global commodity prices caused higher import bills in many countries, it lifted Indonesian commodity net exports and reopened vast investment opportunities in Indonesia’s natural resource sectors. The Indonesian economy also came relatively unscratched from the global financial crisis.
