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Resource Nationalism in Indonesia: Booms, Big Business, and the State

Online ISBN:
9781501771996
Print ISBN:
9781501771965
Publisher:
Cornell University Press
Book

Resource Nationalism in Indonesia: Booms, Big Business, and the State

Eve Warburton
Eve Warburton
Australian National University
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Published online:
23 May 2024
Published in print:
15 November 2023
Online ISBN:
9781501771996
Print ISBN:
9781501771965
Publisher:
Cornell University Press

Abstract

This book traces nationalist policy trajectories in Indonesia back to the preferences of big local business interests. Commodity booms often prompt more nationalist policy styles in resource-rich countries. Usually, this nationalist push weakens once a boom is over. But in Indonesia, a major global exporter of coal, palm oil, nickel, and other minerals, the intensity of nationalist policy interventions increased after the early twenty-first-century commodity boom came to an end. Equally puzzling, the state applied nationalist policies unevenly across the land and resource sectors. This book explains these trends by examining the economic and political benefits that accrue to domestic business actors when commodity prices soar. The book shows how the centrality of patronage to Indonesia's democratic political economy, and the growing importance of mining and palm oil as drivers of export earnings, enhanced both the instrumental and structural power of major domestic companies, giving them new influence over the direction of nationalist change.

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