2015/05/04 by J. Thomas Lindblad · 2 citations
Business, Management and Accounting · Economics, Econometrics and Finance · Social Sciences · #Asian Studies and History #Global trade and economics #International Business and FDI
paper · doi:10.1080/00074918.2015.1061913
crossref issued 2015/05/04 · crossref published 2015/05/04 · crossref published-print 2015/05/04 · openalex publication_date 2015/05/04 · crossref published-online 2015/08/24 · crossref created 2015/08/24 · openalex created_date 2025/10/10 · crossref deposited 2026/01/20 · openalex updated_date 2026/07/09 · crossref indexed 2026/07/29
The topic of foreign direct investment (FDI) has been prominent in assessments of economic development in Indonesia during the past 50 years. In this article I review Indonesia's FDI record in a historical perspective; the current urge to control FDI inflows and the need to augment domestic savings and facilitate technology transfers are not at all new in Indonesia. I draw in particular on the discourse on FDI in this journal, the Bulletin of Indonesian Economic Studies, giving special attention to contributions by this journal to the international literature on FDI and its impact. The article demonstrates that the relation between FDI and economic growth has been less straightforward in Indonesia than elsewhere in Southeast Asia. Although FDI has grown in a restrictive investment climate, on occasion it has failed to do so despite more liberal conditions. This may be attributed to the sustained role of natural resources in determining Indonesia's attractiveness as a host country of FDI.