In 1998, wracked by financial turmoil and political upheaval, Indonesia seemed like a country on the brink of collapse. Yet it has more than turned its fortunes around. Resurgent Indonesia – From Crisis to Confidence is the gripping inside account of Indonesia’s steep decline after the Asian financial crisis and its improbable recovery and rise in the ensuing two decades.
Giving readers a unique insight into Indonesia’s journey is former journalist Vasuki Shastry, who covered the tumultuous fall of Suharto for The Business Times and continued to work on matters related to Indonesia at the International Monetary Fund.
Blending first-rate journalism with in-depth research, Resurgent Indonesia charts the country’s difficult journey from a failing state to a confident young democracy and a fast-growing economy. Today, Indonesia is a powerful global symbol of how globalisation and democracy are perfectly compatible in the world’s largest Muslim nation. Indonesia’s post-1998 leadership and the country’s 260 million people have figured out the “secret sauce” of blending democracy, stability, globalisation, and modernity — providing powerful lessons for the world that the book describes as ‘Indonesia Rules’.
Prelude to a Crisis
2. The Gathering Storm
Five Stages of a Crisis
Rise from the Ashes
9. The Asean Way
10 Jokowi Juggernaut
11 Archipelago of Possibility
About the Author
Vasuki Shastry was a well-known business and economics journalist in India, Singapore, and Indonesia before joining the International Monetary Fund (IMF) in 1998. His last assignment as a journalist was in Jakarta, where he was bureau chief of The Business Times between 1996 and 1998, covering the Asian financial crisis and the fall of President Suharto. He worked extensively on Indonesia during his stint at the IMF, starting as Asia Pacific spokesperson and in other roles. Vasuki also worked for the Monetary Authority of Singapore (MAS) between 2001 and 2003 as head of communications. He currently lives in London with his wife and works for Standard Chartered Bank.