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The Post-Suharto era (Indonesian: Era pasca-Suharto) is the contemporary history in Indonesia, which began with the resignation of authoritarian president Suharto on 21 May 1998. Since his resignation, the country has been in a period of transition, colloquially known as the Reform era (Indonesian: Era Reformasi ).
Under the cultivation system (or "tanam paksa" in Indonesian) in place for most of the 19th century, the Dutch colonial government in the Indonesian archipelago required indigenous farmers to deliver, as a sort of tax, fixed amounts of specified crops, such as sugar or coffee.
The country's independence recognized by the Netherlands, the dissolution of the United States of Indonesia in 1950, the subsequent liberal democracy period, the nationalization of De Javasche Bank into the modern Bank Indonesia, [47] and the takeover of Dutch corporate assets following the West New Guinea dispute, [48] which all resulted in ...
An economy that is managed according to these precepts may be described as a liberal economy or operating under liberal capitalism. Economic liberals commonly adhere to a political and economic philosophy that advocates a restrained fiscal policy and a balanced budget through measures such as low taxes, reduced government spending, and ...
After World War II, many countries adopted policies of economic liberalization in order to stimulate their economies.. The period directly after the war did not see many, the most notable exception being West Germany's reforms of 1948, which set the stage for the Wirtschaftswunder in the 1950s and helped inform many of the liberalisations that were to come.
Reformasi is both a Malay and Indonesian word for reform or reformation. It may refer to the: It may refer to the: Reformasi (Indonesia) , a movement to dethrone Suharto as President in May 1998 and the post-Suharto era in Indonesia that began immediately after
The Liberal Democracy period in Indonesia (Indonesian: Demokrasi Liberal), also known as the Era of Parliamentary Democracy, was a period in Indonesian political history, when the country was under a liberal democratic system. During this period, Indonesia held its first and only free and fair legislative election until 1999, but also saw ...
In some political spheres, market liberalism refers to an economically liberal society that also provides a minimal to moderate-sized welfare state for its citizens. [3]