Experts criticize Indonesia for moving too slowly in deregulating its economy

Article Abstract:

Economists have criticized the Indonesian government for moving too slowly in deregulating the country's economy. Speakers at a three-day conference held in Jakarta took the government of Pres. Suharto to task for its halfhearted efforts at deregulation. In some cases, the government even imposed new antimarket measures. Monopolies are still very much in place with a state agency controlling totally the importation of soybeans.

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Long-awaited, sweeping reforms unveiled by Jakarta

Article Abstract:

Indonesia's announcement of its implementation of sweeping economic reforms under the guidance of the International Monetary Fund (IMF) has failed to muster investor support. Investors are worried that the government may be too late in implementing reforms and that the reforms are not enough to institute change. The IMF is confident, however, that the reforms will be successful and adequate for the country's financial system.

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Suharto drops minister amid concern over export growth

Article Abstract:

Indonesian Pres. Suharto has merged the departments of trade and industry in the hope of improving the country's medium- and long-term economic performance. Suharto dropped Trade Minister S.B. Joedono from his cabinet, the first time he has done so in the 30 years that he has ruled Indonesia, and named Industry Minister Tunky Ariwibowo as head of the new department.

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