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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 ).
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 ...
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 ...
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.
The Development Reform Cabinet (Indonesian: Kabinet Reformasi Pembangunan) was the Indonesian cabinet which served under President B. J. Habibie during his term as president from 23 May 1998 to 20 October 1999.
The Ottoman Empire had liberal free trade policies by the 18th century, with origins in capitulations of the Ottoman Empire, dating back to the first commercial treaties signed with France in 1536 and taken further with capitulations in 1673, in 1740 which lowered duties to only 3% for imports and exports and in 1790.
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 ...