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The Economic Philosophy of Sumitro Djojohadikusumo
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The Diplomat
Sumitro Djojohadikusumo, father of Indonesia’s current President Prabowo Subianto, was one of the most influential economic thinkers and policymakers in the country’s history.
Sumitro also supported the use of the country’s central bank to pursue economic development, arguing that the central bank should be subordinate to the central government.
Several of them, such as Widjojo Nitisastro and Mohammad Sadli, were part of the core economic policy team under Suharto.
Their policies, reflecting many aspects of Sumitro’s economic philosophy, were instrumental in achieving high levels of growth during the New Order.
One does wonder which version of Sumitro’s economic philosophy we are likely to see in the years ahead.
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'indonesia'
'development'
'djojohadikusumo'
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'central'
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