Doing business in... Indonesia

Sitorus, Sihar and Budhwar, Pawan S. (2003). Doing business in... Indonesia. Thunderbird International Business Review, 45 (5), pp. 587-609.

Abstract

Indonesia's long stability of over three decades came to a sudden end after the regional economic crisis of 1997–1998. The economic crisis not only shattered the Indonesian economy but also resulted in political turmoil. The national leadership has changed three times over the last five years. In such conditions, the confidence of foreign investors is very low. The present government has initiated a number of steps to restore political stability and economic recovery. This article provides useful information on the complex business environment, aimed to help foreign investors to develop a good understanding on key background knowledge for being successful in Indonesia. It reviews Indonesian historical development, political structure and climate, regional relations, and economy and foreign trade. Indonesia's infrastructure, legal framework, sociocultural setup, as well as market structure and potential, are also analyzed.

Publication DOI: https://doi.org/10.1002/tie.10091
Divisions: Aston Business School > Work & organisational psychology
Aston Business School
Aston Business School > Economics finance & entrepreneurship
Aston Business School > Work & organisational psychology research group
Uncontrolled Keywords: Indonesia,regional economic crisis,1997–1998,economic crisis,Indonesian economy,political turmoil,national leadership,foreign investors,political stability,economic recovery,business environment,Indonesian historical development,politic,foreign trade,infrastructure,legal framework,sociocultural setup,market structure,potential
Full Text Link: http://onlineli ... .10091/abstract
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Published Date: 2003-09
Authors: Sitorus, Sihar
Budhwar, Pawan S.

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