Foreign firms and structural change in the Indonesian manufacturing sector

Mari Pangestu

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review


Direct foreign investment (DFI) has played a major role in Indonesia’s industrialization since 1967 (the new-order period) under the Soeharto government. Indonesia has undergone the usual stages of industrialization moving from import substitution in final consumer goods to import substitution in intermediate and capital goods, and more recently to export-oriented expansion. Since oil is very important in the Indonesian economy, changes in oil prices have played a key role in stimulating these structural changes. Indeed the recent push towards exports was largely a response to the fall in oil prices.

Original languageEnglish
Title of host publicationDirect Foreign Investment in Asia's Developing Economies and Structural Change in the Asia-Pacific Region
PublisherTaylor and Francis Ltd.
Number of pages30
ISBN (Electronic)9780429690372
ISBN (Print)0813310792, 9780367003791
Publication statusPublished - 1 Jan 2019


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