Hidden Bibliographic Details
| Varying Form of Title: | Indonesia, selected issues
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| Other authors / contributors: | Lipscomb, Laura.
International Monetary Fund, issuing body.
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| ISBN: | 1283567539
9781283567534
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| Notes: | "September 2010."
Includes bibliographical references.
Online resource; title from PDF title page (IMF Web site, viewed November 18, 2011).
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| Summary: | Indonesia experienced a remarkable export boom in the years preceding the 2008 global crisis, driven mainly by surging commodity exports. While helping to sustain high economic growth, the commodity boom and the accompanying real appreciation has raised questions about the effect on the manufacturing sector (Dutch Disease) and the growing vulnerability to volatile commodity prices. This paper takes an in-depth look into recent trade patterns to assess the extent of such concerns. It is found that (i) there is no strong evidence of Dutch Disease; (ii) weak performance in some sectors, so far, does not appear to be linked to the commodity boom; and (iii) while further reliance on commodities has increased Indonesia's vulnerability to export price volatility, the terms of trade have actually been rather stable as import and export prices co-move markedly, mitigating such vulnerability.
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