Pragmatism and Nationalism: Industrialization Policy in Indonesia and Nigeria

Economics and Finance in Indonesia. 2015;61(1):21-40 DOI 10.7454/efi.v61i1.495

 

Journal Homepage

Journal Title: Economics and Finance in Indonesia

ISSN: 0126-155X (Print); 2442-9260 (Online)

Publisher: Universitas Indonesia

Society/Institution: Universitas Indonesia, Fakultas Ekonomi

LCC Subject Category: Social Sciences: Economic theory. Demography: Economics as a science

Country of publisher: Indonesia

Language of fulltext: English

Full-text formats available: PDF

 

AUTHORS

Ahmad Helmy Fuady (Research Center for Regional Resources, Indonesian Institute of Sciences (LIPI))

EDITORIAL INFORMATION

Double blind peer review

Editorial Board

Instructions for authors

Time From Submission to Publication: 8 weeks

 

Abstract | Full Text

This paper examines industrialization policy in two oil giant economies, Indonesia and Nigeria. What are the key features of continued economic divergence in these two countries since the 1980s? It shows that Indonesia’s policy-makers adopted a series of liberalization measures and switched to an export-oriented strategy to develop manufacturing industries from the mid-1980s, while Nigeria’s policy-makers was reluctant to do so. This paper also seeks to understand the rationale behind the different policy choices. This paper argues that policy-makers’ experience and educational background are possible explanation to the different industrialization policies in these two countries.