Socio-political Communication and Policy Review
Vol. 2 No. 4 (2025)

Economic Policy Analysis of the "Taiwan Miracle" and Why Indonesia Needs to Learn It?

Ganinduto, Dico M (Unknown)



Article Info

Publish Date
17 Jun 2025

Abstract

This study aims to analyze the role of economic policy and institutional capacity in driving Taiwan's economic growth in the period 1953–1982, and to compare the development experience with Indonesia during the same period. This study uses a qualitative comparative study method based on primary and secondary literature, including Thomas B. Gold's work "State and Society in the Taiwan Miracle" and various sources on Indonesian economic policy during the New Order era. The data used include statistics on economic growth, industrial structure, investment, and social indicators from both countries. The results show that Taiwan has succeeded in achieving high and sustainable economic growth through agrarian reform, export orientation, large investments in education and infrastructure, and the development of dynamic SMEs. Meanwhile, Indonesia's economic growth is more driven by natural resource exports and is less supported by deep structural transformation, making it vulnerable to fluctuations in global commodity prices and social inequality. These findings emphasize the importance of a proactive state role, strengthening institutional capacity, and synergy between the state and the market in creating inclusive and sustainable economic development.

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Journal Info

Abbrev

shkr

Publisher

Subject

Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice Social Sciences

Description

Socio political Communication and Policy Review is an academic journal that focuses on research and analysis in the fields of social, humanities, communication, and policy. The journal aims to be an intellectual platform that provides a platform for researchers, academics, and practitioners to share ...