LPEM FEB UI

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LPEM FEB UI and ANU Indonesia Project
invite you to the 9th Sadli Lecture

INDONESIAS RESOURCES BOOM IN INTERNATIONAL PERSPECTIVE:

POLICY DILEMMAS AND OPTIONS FOR SUSTAINED, EQUITABLE GROWTH
by Professor Ross Garnaut AO
The University of Melbourne and The Australian National University
To be held on:
Tuesday, 21 April 2015
08.30 14.00 WIB
Hotel Borobudur
Sumba C Room, Level 3
Jl. Lapangan Banteng Selatan, Jakarta
Discussants:
Raden Pardede, PhD
Mubariq Ahmad, PhD
This is a free public lecture. Space is limited and registration is required
through hartati@lpem-feui.org or 021 314 3177 ext 208.
We look forward to your attendance.

I Kadek Dian Sutrisna Artha, PhD

Director, LPEM FEB UI

Budy P. Resosudarmo, PhD

Head, ANU Indonesia Project

LPEM FEB UI

INDONESIAS RESOURCES BOOM IN INTERNATIONAL PERSPECTIVE:

POLICY DILEMMAS AND OPTIONS FOR SUSTAINED, EQUITABLE GROWTH
In Indonesia, the twenty first century resources boom saw a partial reversion to
specialization in resource-intensive commodities. The boom was underpinned by the
unusual rate and structure of Chinese growth in the early twenty first century which
support record high global prices for energy and industrial raw materials. The
increase in value of Indonesian resource exports 2003-11 allowed incomes to grow
reasonably strongly in the immediate aftermath of the global financial crisis,
alongside a decline in competitiveness of trade-exposed industries outside resources.
Those opportunities ended with Chinas adoption of a new model of development
after 2011.
The end of the boom has increased the importance of removing impediments to
efficient resource allocation. Candidates for reform include removal or moderation of
fuel subsidies, high protection against imports and labour market regulation. The
concluding section of the paper discusses whether the resources boom was a curse or
a blessing or some of each. It ends with suggestions on priorities for resources sector
and wider reform to increase equity in economic development in Indonesia after the
resources boom. The latter include managing tension between some dimensions of
resources development and Indonesias interest in global climate stability.
Ross Garnaut AO is currently Professorial Research Fellow in Economics, Faculty of
Business and Economics, The University of Melbourne and Chairman of the China
Economy and Business Program, The Australian National University. His previous
appointments have included Vice-Chancellors Fellow, The University of Melbourne
(2009-2013); Professorial Fellow, Faculty of Economics and Commerce, The
University of Melbourne (2009-2013); and Distinguished Professor, The Australian
National University (2008-2013) and Australian Ambassador to China (1985-1988).
Professor Garnaut is a prolific author, and recent publications he authored or coauthored include Dog Days: Australia After the Boom (2013); China: A New Model for
Growth and Development (2013); The Garnaut Review 2011: Australia in the Global
Response to Climate Change (2011); China: The Next 20 Years of Reform and
Development (2010); The Great Crash of 2008 (2009).

About the Sadli Lecture

Since 2007, LPEM Faculty of Economics and Business University of Indonesia (FEB
UI) and the ANU Indonesia Project have jointly organized the annual Sadli Lecture
series to broaden understanding and stimulate debate among students, academics
and policy makers of the key economic policy challenges faced by Indonesia, drawing
on the experience of neighbouring countries. It is named in honour of the late
Professor Mohammad Sadli who was one of Indonesia's most influential
commentators on economic affairs over the past 40 years. The annual Lecture is
based on a commissioned paper on Indonesia in comparative economic perspective,
published each year in the August edition of the Bulletin of Indonesian Economic
Studies.

LPEM FEB UI

9th SADLI LECTURE

Tuesday, 21 April 2015
Hotel Borobudur, Jakarta
Room Sumba C, Level 3

08:30 09:00

Registration, morning coffee/tea

09:00 09:10

Welcoming remarks:
Prof. Ari Kuncoro, PhD, Dean, Faculty of Economics and Business
University of Indonesia (FEB UI)
Associate Prof. Pierre van der Eng, PhD, ANU Indonesia Project

09:10 09:30

Keynote remarks: Prof. Iwan Jaya Azis, PhD, FEB UI

09:30 10:30

Lecture Indonesias Resources Boom in International Perspective:

Policy Dilemmas and Options for Sustained, Equitable Growth
Prof. Ross Garnaut AO, The University of Melbourne and The
Australian National University
Chair: I Kadek Dian Sutrisna Artha, PhD, LPEM - FEB UI

10:30 11:00

Discussants
Raden Pardede, PhD, CReco Consulting
Mubariq Ahmad, PhD, FEB UI
Chair: I Kadek Dian Sutrisna Artha, PhD

11:00 11:55

Question & Answer Session

11:55 12:00

Closing remarks
I Kadek Dian Sutrisna Artha, PhD

12:00 14:00

Lunch