Tugas Akhir Bahasa Inggirs 1 (Economy System in Soekarno Era)

Economy System in Seokarno Era

In the era of guided democracy, President Soekarno carried out a Guided Economy system. In this economic system, the president is directly involved and regulates the economy. All economic activities are centered on the central government. As a result, economic activities in the regions have been disrupted and decreased. In the era of guided economy, Indonesia has repeatedly changed its economic design along with the success of the cabinet in power. Like other developing countries which were just released from colonial rule, economic policies in Indonesia in the early 1950s were largely shaped by influencing objective social and economic problems that confronted the state and the basic economic ideas of the the main economic policy maker. Faced with the daunting task of reconciling the urgent need to rehabilitate the economy which suffered widespread destruction during the Japanese population and revolution, with strong general demand to turn the colonial economy into a national economy. When Indonesia adheres to a government-led economy, it has put inward-locking police policies. This policy is characterized by the policy of "Berdikari" or standing on its own feet, and a very restrictive policy, and then rejecting foreign investment altogether.