Download or read book Resource Nationalism in Post-boom Indonesia written by Eve Warburton and published by . This book was released on 2017 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the global commodity boom, Indonesia emerged as an exemplar of resource nationalism. The government introduced a range of nationalist policies in the mining sector, ranging from export bans to forced foreign divestment. Once commodity booms end, however, analysts generally predict that resource-rich states such as Indonesia will abandon the nationalist position with a view to attracting foreign investment. Indeed, historically, economic nationalism in Indonesia has peaked during the good times of a resources boom, and faded during an economic downturn. But the situation in Indonesia today seems to challenge these market-cycle theories. This Analysis examines the durability of contemporary resource nationalism in Indonesia. It argues that structural features of the post-Suharto political economy have sustained the nationalist policy trajectory that emerged during the boom. First, Indonesia's business class is more liquid and more engaged in the resource industries than at any previous time in Indonesia's history. The notion that Indonesians should both own and run their own extractive sector is, therefore, no longer merely aspirational. The mood of contemporary Indonesian politics has also boosted resource nationalism's appeal. This points to a second factor sustaining resource nationalism: popular mobilisation and electoral politics in post-authoritarian Indonesia.