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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 ).
Reformasi (Indonesia), a movement to dethrone Suharto as President in May 1998 and the post-Suharto era in Indonesia that began immediately after; Reformasi (Malaysia), which was initiated in September 1998 by former Malaysian Deputy Prime Minister Anwar Ibrahim, immediately after he was sacked by former Prime Minister Mahathir Mohamad
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 ...
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 ...
Supply-side economist Alan Reynolds argued that the Clinton era represented a continuation of a low tax policy (from the 1980s): In reality, tax policy was not unambiguously better in the eighties than in the nineties. The highest income tax rate was 50 percent from 1983 to 1986, but below 40 percent after 1993.
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.
In the pre-reform era, government was funded by profits from state-owned enterprises, much like the Soviet Union. [162] As the state sector fell in importance and profitability, government revenues, especially that of the central government in Beijing, fell substantially and the government relied on a confused system of inventory taxes.
The Ministry of Trade (Indonesian: Kementerian Perdagangan) is a ministry of the Government of Indonesia that directs the formulation of policies related to the development of trade in Indonesia. [ 1 ]