The magnitude of the rise in inflation rate in Indonesia during the height of the 1997 financial crisis was among the sharpest that the East Asian economies has ever witnessed in the recent decades. This paper empirically tests the monetary hypotheses of inflation and compares and contrasts the...

An interesting finding of recent research is that strategic considerations and collective bargaining structures often influence foreign direct investment. In this paper, I argue that union support for the decentralisation of collective bargaining may be an optimal response to the growing global...