Perspektif Teori dan implementasi Kebijakan Deregulasi
| Main Author: | Perpustakaan UGM, i-lib |
|---|---|
| Format: | Article NonPeerReviewed |
| Terbitan: |
[Yogyakarta] : Universitas Gadjah Mada
, 1994
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| Subjects: | |
| Online Access: |
https://repository.ugm.ac.id/18536/ http://i-lib.ugm.ac.id/jurnal/download.php?dataId=1327 |
Daftar Isi:
- ABSTRAK Most countries have been deregulated their macroeconomic policies to meet the goal of increasing efficiency and lifting up the level of competitiveness within global market in the last 15 years. The objectives of this article are (i) review some theories and concepts of that phenomenon, (ii) analyze deregulation policies ,and its implications on the real and monetary sector in several countries, especially Indonesia and (iii) propose a new approach of deregulation policy which could accomodate current macroeconomic dynamism. There is no specific theory concerning deregulation issues and policies, instead of some related growth theories. Some of them are the theory of Solow (1956), Romer (1986), Lucas (1987) and some concepts based on empirical studies from Krueger (1974, 1978), Balassa (1986), and Chenery (1986). Combining all theories, concepts and empirical studies, the author concludes that the trend of recent deregulation is a matter of "appropriate" policy to answer the challenging new order of international trade and a global world market. But in addition, there are many cases of defaults have been facing the banking industry worldwide, especially in the U.S. In case of Indonesia, apparently the government tend to develop more in financial deregulation rather than in real sector for faster � or even "instant" � impacts of its policy. Considering to the higher risk of the financial deregulation policy, the author says to be urgent to evaluate and re-regulate the financial sector for recovery. It could be predicted that re-regulation and prudential monetary policy will be a new wave in the global financial economy in a very near future. On the other hand, the economy authority in Indonesia should continue to deregulate real sector as a preparation for more competitive market after Uruguay Round's ratification. Keywords: deregulated, global financial economy