IESET.
Movements·indonesia_reformasi_1998_present

Indonesia Reformasi

IDN·1998present·Post-Suharto multiparty democratic governments (Habibie, Wahid, Megawati, SBY, Jokowi)
Leaders: B. J. Habibie (transitional) · Abdurrahman Wahid · Megawati Sukarnoputri · Susilo Bambang Yudhoyono · Joko Widodo · Sri Mulyani Indrawati (Finance)
positionsempirical_pragmatistinstitutionalismchicago_monetarism

Doctrine — stated goals and content

Democratic transition and economic restructuring following the 1997-98 Asian crisis and Suharto's resignation. Core elements: a fifty-billion-dollar IMF programme (1997-2003) conditioning bank recapitalisation, closure of insolvent banks, and removal of subsidies and monopolies; constitutional amendments (1999-2002) establishing direct presidential elections, a Constitutional Court, and central-bank independence (Bank Indonesia Law 1999); big-bang fiscal and administrative decentralisation to districts (Laws 22 and 25 of 1999, from 2001); deposit insurance and prudential reform (LPS 2004); and later the Omnibus Law on Job Creation (2020) under Jokowi aimed at simplifying investment licensing. Reformasi is the canonical 'third-wave democratisation plus structural adjustment' case in Southeast Asia: growth returned to ~5% annualised, debt-to- GDP fell from ~90% (2000) to ~30% (2012), though commodity-cycle exposure and distributive conflicts persist.

Policy-content fingerprint — how the framework codes this movement on its axes

central bank independence
monetary.central_bank_independence
De jure and de facto independence of the central bank from fiscal authority. Per D.1.5 scope, one of the framework's defensible monetary positions.
increased · strong
greater independence (legal, operational, personnel)
1999 Bank Indonesia Law gave statutory independence and price-stability mandate.
financial deregulation
regulatory.financial_deregulation
Financial-sector regulation — banking separation, capital requirements, cross-border activity rules, derivatives oversight.
increased · moderate
tighter financial regulation
Tighter prudential regulation, deposit insurance, and supervisory consolidation (OJK 2011).
product market competition
regulatory.product_market_competition
Product-market regulation, entry barriers, licensing burdens, network-industry regulation, price controls.
increased · moderate
more competition-friendly (lower entry barriers)
Omnibus Law and licensing reform reduced entry barriers; KPPU competition authority created 1999.
transfer expansion
fiscal.transfer_expansion
Size of cash and near-cash transfer programmes (unemployment benefits, means-tested assistance, universal child benefits). Architecturally distinct from forced-saving schemes — see condition welfare_architecture.
increased · moderate
larger transfer footprint
Conditional cash transfers (PKH) and national health insurance (JKN, 2014) expanded; fuel subsidies redirected to targeted transfers.
judicial independence
institutional.judicial_independence
Independence of the judiciary from executive and legislative encroachment. Specifically captures court-packing, selective prosecution, judicial reshuffles.
increased · moderate
stronger judicial independence
Constitutional Court established 2003; mixed progress on lower-court integrity.

Policies enacted

What the data says — linked outcome hypotheses

The movement's outcome claims are tied to these hypotheses. Verdicts update as models run.

not yet written
structural_reform_absence_and_post_euro_stagnation
not yet written
currency_crisis_capital_flight_dynamic

Schools of thought aligned or opposed

References