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Deregulation and Development in Indonesia

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 | #4407088 in eBooks |  2002-02-28 |  2002-02-28 | File type: PDF

||About the Author||FARRUKH IQBAL is Lead Economist and Regional Coordinator for East Asia at the World Bank Institute.||WILLIAM E. JAMES is Chief of the Research Division and Research Professor of the International Centre for the Study of East Asian Development,

Of the developing nations of East Asia, Indonesia came relatively late to liberalizing its trade and investment regime. Only in the mid-1980s, when it was clear that oil revenues alone would not suffice and that a new engine of growth was needed, did the country's government swing behind a systematic deregulation effort. Tariffs were cut, non-tariff barriers were lowered, foreign investment restrictions were reduced, export promotion incentives were enhanced, and vari...

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