What economic system does Indonesia have?

Indonesia has a mixed economic system which includes a variety of private freedom, combined with centralized economic planning and government regulation. Indonesia is a member of the Asia-Pacific Economic Cooperation (APEC) and the Association of Southeast Asian Nations (ASEAN).

What did economic liberalism mean?

Economic liberalism (also known as fiscal conservatism in United States politics) is a political and economic ideology based on strong support for an individualist market economy and private property in the means of production. It also contrasts with protectionism because of its support for free trade and open markets.

How does economic liberalism compare with mercantilism?

Economic Liberalism. Mercantilism is setting a system of economic regulations to benefit the state through wealth by trade. Economic Liberalism is the belief that an economy that is not regulated would benefit the rich and the poor.

Which of the following arguments would an economic liberal support regarding multinational corporations?

Which of the following arguments would an economic liberal support regarding multinational corporations. They increase economic opportunities for people in most states. Sometimes a corporation from one state will build a factory in another state, which is an example of foreign direct investment.

Is Indonesia a least developed country?

In the United Nations Development Programme’s Human Development Report 2018 Indonesia ranked 111th with an HDI score of 0.707, or 96 countries ranks below the US ranked in 15th place with an HDI of 0.920.

What type of political system does Indonesia have?

Republic
Indonesia/Government

What type of economic system does Indonesia have?

Indonesia initially embraced liberal economic system, in which all economic activity left to the community. But because there is the influence of communism that is spread by the Communist Party of Indonesia, then Indonesia’s economic system changed from a liberal economic system into a socialist economic system.

What does the crisis mean for Indonesia’s political stability?

The apparent end to this success will have grave implications for the political stability of the Indonesian state. The crisis has been a psychological blow to confidence that Indonesia had finally overcome its long history of economic and political instability and was set on a long-term path to prosperity.

Why did the Indonesian financial crisis get worse before it got better?

When it begin to fall, however, the underlying weakness of the Indonesian financial sector was revealed and private foreign debt was far higher than previously thought. The crisis worsened in Indonesia because of the lack of an effective government policy response.

How will Indonesia’s political turmoil affect the rupiah?

The prospect of political turmoil is certain to undermine foreign investor confidence in Indonesia, deterring the inflow of the foreign capital essential for restoring the value of Indonesia’s currency, the rupiah, and for restarting economic growth.