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Benteng Program
The Benteng program was an Indonesian economic policy which consisted of measures to provide ''pribumi'' entrepreneurs with import licenses in order to hasten the development of an indigenous business class. The program was initiated by Industry Minister Sumitro Djojohadikusumo in 1950 and lasted up until Prime Minister Djuanda Kartawidjaja abolished it in 1957. Background The 1950s saw increased political pressure to nationalize Dutch private companies that still existed in Indonesia at the conclusion of the Indonesian National Revolution. However, Indonesia still needed significant foreign funding and skills in order to develop the foundation of an economy that can support its population. In February 1950 President Sukarno announced to foreign companies in Indonesia that the recovery of the economy of Indonesia following the revolution requires all available funds, foreign and domestic. In 1953 the Minister of Finance Ong Eng Die stated that the role of foreign compan ...
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Economic Policy
The economy of governments covers the systems for setting levels of taxation, government budgets, the money supply and interest rates as well as the labour market, national ownership, and many other areas of government interventions into the economy. Most factors of economic policy can be divided into either fiscal policy, which deals with government actions regarding taxation and spending, or monetary policy, which deals with central banking actions regarding the money supply and interest rates. Such policies are often influenced by international institutions like the International Monetary Fund or World Bank as well as political beliefs and the consequent policies of parties. Types of economic policy Almost every aspect of government has an important economic component. A few examples of the kinds of economic policies that exist include: *Macroeconomic stabilization policy, which attempts to keep the money supply growing at a rate that does not result in excessive inflatio ...
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Pribumi
Native Indonesians, also known as ''Pribumi'' (), are Indonesians whose ancestral roots lie mainly in the archipelago, distinguished from Indonesians of known (partial) foreign descent, like Chinese Indonesians (Tionghoa), Arab Indonesians, Indian Indonesians and Indo-Europeans (Eurasians). Etymology and historical context The term was popularized after Indonesian independence as a respectful replacement for the Dutch colonial term (normally translated as "native" and seen as derogatory). It derives from Sanskrit terms ''pri'' (before) and ''bhumi'' (earth). Before independence the term (Malay: son of the soil) was more commonly used as an equivalent term to ''pribumi''. Following independence, the term was normally used to distinguish indigenous Indonesians from citizens of foreign descent (especially Chinese Indonesians). Common usage distinguished between ''pribumi'' and ''non-pribumi''. Although the term is sometimes translated as "indigenous", it has a broader meaning ...
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Import License
An import license is a document issued by a national government authorizing the importation of certain goods into its territory. Import licenses are considered to be non-tariff barriers to trade when used as a way to discriminate against another country's goods in order to protect a domestic industry from foreign competition. Each license specifies the volume of imports allowed, and the total volume allowed should not exceed the Import quota, quota. Licenses can be sold to importing companies at a competitive price, or simply a set fee. However, it is argued that this allocation method provides incentives for political lobbying and bribery. Governments may put certain restrictions on what is imported as well as the amount of imported goods and services. For example, if a business wishes to import agricultural products such as vegetables, then the government may be concerned about the impact of such importations of the local market and thus impose a restriction. Système Intég ...
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Businessperson
A businessperson, businessman, or businesswoman is an individual who has founded, owns, or holds shares in (including as an angel investor) a private-sector company. A businessperson undertakes activities (commercial or industrial) for the purpose of generating cash flow, sales, and revenue by using a combination of human, financial, intellectual, and physical capital with a view to fueling economic development and growth. History Prehistoric period: Traders Since a "businessman" can mean anyone in industry or commerce, businesspeople have existed as long as industry and commerce have existed. "Commerce" can simply mean "trade", and trade has existed through all of recorded history. The first businesspeople in human history were traders or merchants. Medieval period: Rise of the merchant class Merchants emerged as a "class" in medieval Italy (compare, for example, the Vaishya, the traditional merchant caste in Indian society). Between 1300 and 1500, modern accounti ...
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Sumitro Djojohadikusumo
Sumitro Djojohadikusumo ( EVO: Soemitro Djojohadikoesoemo; 29 May 1917 – 9 March 2001) was an Indonesian politician and one of the country's most influential economists. He held notable roles under both presidents Sukarno and Suharto intermittently between 1950 and 1978. During his career in government, he served as Minister of Industry and Trade, Minister of Finance, and the Minister of Research in five different cabinets. He was also the Dean of the Faculty of Economics at the University of Indonesia. Born into a Javanese family, Sumitro studied economics at the Netherlands School of Economics. Returning to Indonesia following the conclusion of the Second World War, he was assigned to the country's diplomatic mission in the United States, where he sought to raise funds and garner international attention in the struggle against Dutch colonialism. After the handover of sovereignty in the 1949 Dutch–Indonesian Round Table Conference, in which he took part, he joined the So ...
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Djuanda Kartawidjaja
Raden Djuanda Kartawidjaja ( EYD: Raden Juanda Kartawijaya; 14 January 1911 – 7 November 1963), commonly known as Djuanda Kartawidjaja, usually referred to simply as Djuanda, was an Indonesian politician and ethnic Sundanese noble from the court of Cirebon, who served as the 11th and last Prime Minister of Indonesia. He previously served as Minister of Communications in seven cabinets from 1946 to 1949 and 1950 to 1953; as Minister of State in 1949 and Minister of Welfare from 1949 to 1950. Djuanda was Indonesia's final Prime Minister in the Sukarno "Karya" cabinets, the final cabinets of the Liberal Democracy Era (prior to the Guided Democracy period) and as First Minister from 1959 until his death in 1963. Djuanda's death and the abolition of the post of Prime Minister in the Indonesian Republican system allowed far greater power to be exercised by the President, now being given full ruling power with minimal oversight, as both Head of State and Head of Government. This ha ...
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Netherlands
) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Netherlands , established_title2 = Act of Abjuration , established_date2 = 26 July 1581 , established_title3 = Peace of Münster , established_date3 = 30 January 1648 , established_title4 = Kingdom established , established_date4 = 16 March 1815 , established_title5 = Liberation Day (Netherlands), Liberation Day , established_date5 = 5 May 1945 , established_title6 = Charter for the Kingdom of the Netherlands, Kingdom Charter , established_date6 = 15 December 1954 , established_title7 = Dissolution of the Netherlands Antilles, Caribbean reorganisation , established_date7 = 10 October 2010 , official_languages = Dutch language, Dutch , languages_type = Regional languages , languages_sub = yes , languages = , languages2_type = Reco ...
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Indonesian National Revolution
The Indonesian National Revolution, or the Indonesian War of Independence, was an armed conflict and diplomatic struggle between the Republic of Indonesia and the Dutch Empire and an internal social revolution during Aftermath of WWII, postwar and Dutch East Indies#World War II and independence, postcolonial Indonesia. It took place between Indonesian Declaration of Independence, Indonesia's declaration of independence in 1945 and the Netherlands' Dutch–Indonesian Round Table Conference, transfer of sovereignty over the Dutch East Indies to the Republic of the United States of Indonesia at the end of 1949. The four-year struggle involved sporadic but bloody armed conflict, internal Indonesian political and communal upheavals, and two major international diplomatic interventions. Dutch military forces (and, for a while, the forces of the World War II Allies, World War II allies) were able to control the major towns, cities and industrial assets in Republican heartlands on Ja ...
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Sukarno
Sukarno). (; born Koesno Sosrodihardjo, ; 6 June 1901 – 21 June 1970) was an Indonesian statesman, orator, revolutionary, and nationalist who was the first president of Indonesia, serving from 1945 to 1967. Sukarno was the leader of the Indonesian struggle for independence from the Dutch colonialists. He was a prominent leader of Indonesia's nationalist movement during the colonial period and spent over a decade under Dutch detention until released by the invading Japanese forces in World War II. Sukarno and his fellow nationalists collaborated to garner support for the Japanese war effort from the population, in exchange for Japanese aid in spreading nationalist ideas. Upon Japanese surrender, Sukarno and Mohammad Hatta declared Indonesian independence on 17 August 1945, and Sukarno was appointed president. He led the Indonesian resistance to Dutch re-colonisation efforts via diplomatic and military means until the Dutch recognition of Indonesian independence ...
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Ong Eng Die
Ong Eng Die (; born 20 June 1910, date of death unknown), was a Chinese Indonesian politician and economist.Biographical data on Ong Eng Die
Ong was born on 20 June 1910 in , into the '' or the Chinese gentry of colonial Indonesia. His father, Ong Teng Hoen, served as '' Luitenant der Chinezen'' of Gorontalo, thus heading the local Chinese civil bure ...
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Tionghoa
Chinese Indonesians ( id, Orang Tionghoa Indonesia) and colloquially Chindo or just Tionghoa are Indonesians whose ancestors arrived from China at some stage in the last eight centuries. Chinese people and their Indonesian descendants have lived in the Indonesian archipelago since at least the 13th century. Many came initially as sojourners (temporary residents), intending to return home in their old age. Some, however, stayed in the region as economic migrants. Their population grew rapidly during the colonial period when workers were contracted from their home provinces in Southern China. Discrimination against Chinese Indonesians has occurred since the start of Dutch colonialism in the region, although government policies implemented since 1998 have attempted to redress this. Resentment of ethnic Chinese economic aptitude grew in the 1950s as Native Indonesian merchants felt they could not remain competitive. In some cases, government action propagated the stereotype that ...
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