DEPRESSIONATION OF JOKO WIDODO RUPIAH ERA: AN ARCHITECTONIS ECONOMIC POLITICS

Herabudin Herabudin

Abstract


This research has become quite important as Indonesian’s currency or known as rupiah, has reached its highest depreciation to US dollars like never before 18 years. Aim of this research is to find out whether the policy of Joko Widodo or Jokowi to increase national debt has any correlation with rupiah depreciation in a political economy perspective. In conclusion, there are at least three points. Firstly, although there is a long history of how Indonesia involve in such a capitalistic economic system, Jokowi policy itself solely is a mistake, at least according to political economy philosophy of Indonesia. Secondly, there is a positive correlation between national debt and rupiah depreciation. Moreover, the prediction has been positively predicted. This condition happened as the result of poor Indonesian economy during the first year of Joko Widodo. Thirdly, worsen of rupiah depreciation is the result of improper policy adds up with the poor condition of Indonesia.


Keywords


Political economy, depreciation, the national debt.

Full Text:

PDF

References


Collins, R. (1989). The Arab Conquest of Spain. Oxford: Basil Blackwell Inc.

Ead, H. A., & Eid, N. H. (2014). Between Ibn Khaldun and Adam Smith (Fathers of Economics). IOSR Journal of Business and Management (IOSR-JBM) e-ISSN.

Hassan, J. R. (ed). Diambil kembali dari Uned Website: www.uned.es/congreso ibnu khaldun

https://www.cnbcindonesia.com/market/20180808164513-17-27610/rata-rata-kurs-rupiah-2018-terlemah-sepanjang-sejarah.

Ibn Khaldūn, A. R. (1978). The Muqaddimah: an Introduction to History. London: Routledge & Kegan Paul.

Maulani, F. (2015). Melemahnya Nilai Tukar Rupiah terhadap Dolar Amerika. n.p.: n.p.

Nanga, M. (2005). Makroekonomi: Teori, Masalah dan Kebijakan. Jakarta: Raja Grafindo Persada.

Nopirin. (2006). Ekonomi Internasional. Jakarta: BPFE-UI.

Novalina, A. D. (2016). Analisis Prediksi Pelemahan Ekonomi Indonesia dengan Pendekatan Rezim Depresiasi Kurs. Ekonomi Pembangunan JePA, 1-11.

Obstfeld, P. K. (2004). Ekonomi Internasional. Jakarta: Gramedia Pustaka.

Perkins, J. (2004). Confessions of an Economic Hit Man: The Inside Story of How America Built an Empire on Third World Debt. San Francisco: Berrett-Koehler Publishers.

Salator, D. (2007). Ekonomi Internasional. Jakarta: Gramedia Pustaka.

Sugiono. (2015). Dampak Nyata Pelemahan Rupiah Harga-Harga Naik. n.p.: n.p.




DOI: https://doi.org/10.15575/jispo.v9i2.5482

Refbacks

  • There are currently no refbacks.




________________________________________________________________________

P - ISSN : 2303-3169

E - ISSN : 2579-3098


JISPO is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.>

 

Published by : Fakultas Ilmu Sosial dan Ilmu Politik UIN Sunan Gunung Djati Bandung

Flag Counter

 

View My Stats