Trade,investment, and labor: The case of Indonesia |
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| Affiliation: | 1. School of Energy, Construction and Environment, Coventry University, Priory Street, CV1 5FB, United Kingdom;2. BKPM – Indonesia Investment Coordinating Board, Jakarta, Indonesia;3. School of Economics, Finance and Accounting, Coventry University, Priory Street, CV1 5FB, United Kingdom;1. School of Advanced International Studies, Johns Hopkins University, 1619 Massachusetts Ave NW, Washington, DC 20036, USA;2. Nicholas Institute for Environmental Policy Solutions, Duke University, 2117 Campus Drive, Durham, NC 27708, USA;3. Department of Land Economy, University of Cambridge, Cambridge, CB3 9EP, UK;4. Belfer Center for Science and International Affairs, Harvard Kennedy School, Harvard University, 79 John F. Kennedy Street, Cambridge, MA 02138, USA |
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| Abstract: | Rapid industrialization and urbanization spurred on by a surge in foreign investment is often considered typical of newly industrializing countries (NICs). But in Indonesia, the combination of late development and an authoritarian state has created a particularly potent mix, one that has raised more questions than usual about the effects of growth, trade, and investment on labor conditions and local standards of living. The basic motives of foreign direct investment (FDI) are said to create a pattern that is inherently ripe for exploitation, since the capital, technology and market access all rest with the foreign investor. The author uses the Indonesian case to explore factors that might reduce exploitation. While conceding that foreign investment is likely to affect labor conditions in the host economy, especially in times of rapid growth, she cautions against presuming that the consequences will be mainly negative with respect to the living standards and basic human rights of the local population. |
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