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.
|Title of host publication||Direct Foreign Investment in Asia's Developing Economies and Structural Change in the Asia-Pacific Region|
|Publisher||Taylor and Francis Ltd.|
|Number of pages||30|
|ISBN (Print)||0813310792, 9780367003791|
|Publication status||Published - 1 Jan 2019|