A Dirty Word? Neo-liberalism in Indonesia's foreign economic policies
Neo-liberal economic ideology is once again in the spotlight in Indonesia.
Although in principle neo-liberal ideology has never featured much in the history of Indonesian foreign economic policy (FEP), the same cannot be said about current Indonesian FEP. Both external factors (e.g. the changing global and regional economic environment) and internal factors (e.g. the emergence of new intellectual groups and individuals keen to promote economic reforms) are central to the promotion of neo-liberal economic ideology in the country. While it remains to be seen whether the market reform agenda is good or bad for the country, one thing is certain: there is a significant gap between the more socialist approach on which the Indonesian economy is supposedly based and the neo-liberal principles embedded in the economic policies that nearly all post-reform governments have pursued. As a result, the paper argues for the need for Indonesia to revisit its constitution so as to allow more flexibility in its economic policy-making process.
You might also be interested in
Rethinking Investment Treaties
The reports maps out how the treaty system can be redesigned from the bottom up to accelerate—rather than obstruct—genuine sustainable development and international cooperation.
World Trade Organization Talks on Subsidies that Contribute to Overcapacity and Overfishing: What's on the table?
World governments are currently negotiating new global disciplines to curb harmful fisheries subsidies. What new rules are being proposed?
CSDDD: EU's Due diligence law vote should drive supply chain sustainability efforts
The European Parliament has voted to adopt the Corporate Sustainability Due Diligence Directive, aiming to address the environmental and social impacts of the supply chains of Europe's large corporations.
Will the Inclusion of Voluntary Standards in Trade Agreements Lead to More Sustainable Trade?
The use of voluntary sustainability standards (VSSs) and similar systems in free trade agreements (FTAs) is gaining traction. Will it lead to more sustainable production and consumption globally?