FINAL PROJECT – CORRUPTION IN INDONESIA Before we discuss about corruption in Indonesia‚ first we must know what corruption itself is. In a common view‚ corruption is misused money which causes a deficit for the country itself. But‚ corruption itself has a broader meaning beside that‚ corruption itself come from the word “corrupt” which also mean defective. A misused of power can also be a definition of corruption. Based from oxford dictionary‚ corrupt has a meaning of “having or showing a willingness
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Oligarchy in Indonesia INTRODUCTION The word oligarchy originated from the Greek word oligarkhia‚ oligoi ‘few’ and arkhein ‘to rule’ which as a system refers to the politics of wealth defense by materially endowed actors. While oligarchs are actors who command and control massive concentrations of material resources that can be deployed to defend or enhance their personal wealth or exclusive social position. Oligarchs pose a problem as they are composed by extremely wealthy individuals‚ only
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of Lokpal reduce corruption in India? Corruption is a universal phenomenon. No society is free from it. As far back as 200 b.c.‚ Kautilya had defined and identified different varieties of corruption and had lamented that‚ “Just as it is impossible not to taste the honey that finds itself at the tip of tongue‚ its impossible for the government servant not to eat up a bit of king’s revenue‚ Just as it is impossible to detect whether a fish swimming through water drinks it or not‚ so is it not possible
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Indonesia - The Troubled Giant Indonesia is a vast country. Its 220 million people are spread out over some 17‚000 islands that span an arc 3‚200 miles long from Sumatra in the west to Irian Jaya in the east. It is the world’s most populous Muslim nation - some 85 percent of the population count themselves as Muslims -but also one of the most ethnically diverse. More than 500 languages are spoken in the country‚ and separatists are active in a number of provinces. For 30 years this sprawling
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Indonesia: The Troubled Giant Question 1: What political factors explain Indonesia’s poor economic performance? What economic factors? Are these two related? The impeachment of the Indonesian dictator Suharto is widely considered one of the most exciting political happenings of recent years. Indonesia is the world’s fourth biggest country‚ with a population of 202 million people; Suharto had ruled the country with an iron fist for about 32 years. The fact that his absolute
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Topic: Good Corporate Governance By: Tania Ananda Mahdani (023113004) Pradypto Utomo (023111217) Trado Vansa Addraga (023113003) 1. How is the implementation of good corporate governance on companies in Indonesia? Answer: Recent experience indicate that it isn`t sufficient for management just to rely on how efficient is the process of managing. It needs a new instrument‚ Good Cooperate Governance (GCG)‚ to prove that the management is going well. This
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[INTERNATIONAL BUSINESS CASE STUDY] QUESTION 1: What political factors explain Indonesia’s poor economic performance? What economic factors? Are the two related? The impeachment of the Indonesian dictator Suharto is widely considered one of the most exciting political happenings of recent years. After dealing with inflation and a bad economic depression during the final year of President Sukarno in the early 1960s‚ Indonesia experienced rapid and lasting economic growth for three decades
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Corruption in any form is treated as an incurable disease‚ a cause of many social and economical evils in the society and it damages the moral and ethical fibres of the civilization. Indisputably‚ it is correct that corruption breeds many evils in the society and once corruption starts taking place‚ slowly and gradually whole country passes through its net and it becomes after sometime an incurable disease. From the point of view of economic growth‚ there seems to be no clear cut correlation between
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Corruption The word corrupt when used as an adjective literally means "utterly broken".[1] The word was first used by Aristotle and later by Cicero who added the terms bribe and abandonment of good habits.[2] Morris‚[3] a professor of politics‚ corruption is the illegitimate use of public power to benefit a private interest. Economist I. Senior[4] defines corruption as an action to (a) secretly provide (b) a good or a service to a third party (c) so that he or she can influence certain actions which
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Suharto‚ after 30 years in office left Indonesia an economic wreck. Internal dissent was suppressed. He also used “crony capitalism” to advance his family’s businesses and friends’ as well. 1997 marked the bottom for Indonesia and the International Monetary Fund gave Indonesia $43 billion. Of course Suharto took this money for personal gain. The political and economic factors were caused by Suharto. 2. Why do you think foreign firms have been exiting Indonesia in recent years? What are the implications
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