Boediono
Encyclopedia
Boediono is the Vice President
of Indonesia
, after winning the 2009 presidential election
together with incumbent President
Susilo Bambang Yudhoyono
.
in Blitar
, East Java
. In the early 1960s he began university studies at Gadjah Mada University
in Yogyakarta before winning a scholarship to study at the University of Western Australia
in Perth. In 1967 he graduated from the University of Western Australia with an economics degree and continued his studies for a master's degree in economics at Monash University
in Melbourne which he completed in 1972. Later, he undertook further studies towards his doctorate degree from the Wharton School of the University of Pennsylvania
which he completed in 1979. He also worked in the Indonesia project
at the Australian National University
in the early 1970s as a research assistant in economics.
Boediono was listed as one of the Wharton School's 125 Influential People and Ideas in 2007 and was dubbed "Indonesia's financial rudder".
deputy governor in charge of fiscal monetary policy from 1997 to 1998 and served as State Minister of National Planning and Development from 1998 to October 1999.
Following the removal of Abdurrahman Wahid
from the presidency in 2001, President Megawati Sukarnoputri
appointed Boediono as Minister of Finance in her new administration. Under his leadership, the economy grew by 4% in 2002.
President Susilo Bambang Yudhoyono
appointed Boediono as Coordinating Minister for the Economy during his first cabinet reshuffle in 2005, replacing Aburizal Bakrie
. Bakrie had come under suspicion for having conflicts of interest. In 2008, a commission of the People's Representative Council
elected Boediono Governor of the Indonesian central bank, Bank Indonesia. After he was selected by Yudhoyono as a running mate in the 2009 presidential election
, Boediono submitted his resignation from the central bank post.
Boediono is also a professor of economics at Gadjah Mada University
where he has taught various courses on macroeconomics and monetary policy since the early 1970s.
Vice President of Indonesia
The Vice President of the Republic of Indonesia is the first in the line of succession in the Republic of Indonesia.-History of the office:The Indonesian Vice Presidency was established during the formulation of the 1945 constitution by the Researching Body for the Preparation of the Indonesian...
of Indonesia
Indonesia
Indonesia , officially the Republic of Indonesia , is a country in Southeast Asia and Oceania. Indonesia is an archipelago comprising approximately 13,000 islands. It has 33 provinces with over 238 million people, and is the world's fourth most populous country. Indonesia is a republic, with an...
, after winning the 2009 presidential election
Indonesian presidential election, 2009
Presidential elections were held in Indonesia on 8 July 2009. The elections returned a president and vice president for the 2009–2014 period. A run-off election was scheduled to be held on 8 September if needed, but President Susilo Bambang Yudhoyono won more than 60% of the vote in the first...
together with incumbent President
President of Indonesia
The President of the Republic of Indonesia is the head of state and the head of government of the Republic of Indonesia.The first president was Sukarno and the current president is Susilo Bambang Yudhoyono.- Sukarno era :...
Susilo Bambang Yudhoyono
Susilo Bambang Yudhoyono
Susilo Bambang Yudhoyono AC , is an Indonesian politician and retired Army general officer who has been President of Indonesia since 2004....
.
Education
Boediono received his early education in primary schoolSMP Negeri 1 Blitar
SMP Negeri 1 Blitar is a public junior high school which is located at Jalan A. Yani 8 Blitar, East Java, Indonesia. This school was established on August 19, 1946, occupying a former Dutch school building, the Hollandsch-Inlandsche School ....
in Blitar
Blitar
Blitar is a city which is the capital of a regency with the same name in East Java, Indonesia, about 73 kilometers from Malang and 167 kilometers from Surabaya. The area lies within longitude 111° 40' - 112° 09' East and its latitude is 8° 06' South...
, East Java
East Java
East Java is a province of Indonesia. It is located on the eastern part of the island of Java and includes neighboring Madura and islands to its east and to its north East Java is a province of Indonesia. It is located on the eastern part of the island of Java and includes neighboring Madura and...
. In the early 1960s he began university studies at Gadjah Mada University
Gadjah Mada University
The Gadjah Mada University is the largest and the oldest national university in Indonesia . founded on December 19, 1949; although the first lecture was given on 13 March 1946. The name was taken from the name of Majapahit's Prime Minister, Gajah Mada.UGM is located in Yogyakarta, Daerah Istimewa...
in Yogyakarta before winning a scholarship to study at the University of Western Australia
University of Western Australia
The University of Western Australia was established by an Act of the Western Australian Parliament in February 1911, and began teaching students for the first time in 1913. It is the oldest university in the state of Western Australia and the only university in the state to be a member of the...
in Perth. In 1967 he graduated from the University of Western Australia with an economics degree and continued his studies for a master's degree in economics at Monash University
Monash University
Monash University is a public university based in Melbourne, Victoria. It was founded in 1958 and is the second oldest university in the state. Monash is a member of Australia's Group of Eight and the ASAIHL....
in Melbourne which he completed in 1972. Later, he undertook further studies towards his doctorate degree from the Wharton School of the University of Pennsylvania
Wharton School of the University of Pennsylvania
The Wharton School is the business school of the University of Pennsylvania, an Ivy League university in Philadelphia, Pennsylvania. Wharton was the world’s first collegiate business school and the first business school in the United States...
which he completed in 1979. He also worked in the Indonesia project
Indonesia project
The Indonesia Project, established in 1965 with an initial grant from the Ford Foundation, is a center of research and graduate training on the Indonesian economy...
at the Australian National University
Australian National University
The Australian National University is a teaching and research university located in the Australian capital, Canberra.As of 2009, the ANU employs 3,945 administrative staff who teach approximately 10,000 undergraduates, and 7,500 postgraduate students...
in the early 1970s as a research assistant in economics.
Boediono was listed as one of the Wharton School's 125 Influential People and Ideas in 2007 and was dubbed "Indonesia's financial rudder".
Career
Boediono was a Bank IndonesiaBank Indonesia
Bank Indonesia is the central bank of The Republic of Indonesia. Bank Indonesia is currently governed by Darmin Nasution, former interim governor. The last governor before the interim phase, Boediono, resigned due to his vice presidential candidacy in the Indonesian presidential election...
deputy governor in charge of fiscal monetary policy from 1997 to 1998 and served as State Minister of National Planning and Development from 1998 to October 1999.
Following the removal of Abdurrahman Wahid
Abdurrahman Wahid
Abdurrahman Wahid, born Abdurrahman Addakhil , colloquially known as , was an Indonesian Muslim religious and political leader who served as the President of Indonesia from 1999 to 2001...
from the presidency in 2001, President Megawati Sukarnoputri
Megawati Sukarnoputri
In this Indonesian name, the name "Sukarnoputri" is a patronymic, not a family name, and the person should be referred to by the given name "Megawati"....
appointed Boediono as Minister of Finance in her new administration. Under his leadership, the economy grew by 4% in 2002.
President Susilo Bambang Yudhoyono
Susilo Bambang Yudhoyono
Susilo Bambang Yudhoyono AC , is an Indonesian politician and retired Army general officer who has been President of Indonesia since 2004....
appointed Boediono as Coordinating Minister for the Economy during his first cabinet reshuffle in 2005, replacing Aburizal Bakrie
Aburizal Bakrie
In this Indonesian name, the name "Bakrie" is a family name, and the person should be referred to by the family name "Bakrie".Aburizal Bakrie is an Indonesian entrepreneur and politician.- Family business :...
. Bakrie had come under suspicion for having conflicts of interest. In 2008, a commission of the People's Representative Council
People's Representative Council
The People's Representative Council , sometimes referred to as the House of Representatives, is one of two elected national legislative assemblies in Indonesia....
elected Boediono Governor of the Indonesian central bank, Bank Indonesia. After he was selected by Yudhoyono as a running mate in the 2009 presidential election
Indonesian presidential election, 2009
Presidential elections were held in Indonesia on 8 July 2009. The elections returned a president and vice president for the 2009–2014 period. A run-off election was scheduled to be held on 8 September if needed, but President Susilo Bambang Yudhoyono won more than 60% of the vote in the first...
, Boediono submitted his resignation from the central bank post.
Boediono is also a professor of economics at Gadjah Mada University
Gadjah Mada University
The Gadjah Mada University is the largest and the oldest national university in Indonesia . founded on December 19, 1949; although the first lecture was given on 13 March 1946. The name was taken from the name of Majapahit's Prime Minister, Gajah Mada.UGM is located in Yogyakarta, Daerah Istimewa...
where he has taught various courses on macroeconomics and monetary policy since the early 1970s.
Publications and papers
Since his appointment as a staff member in the Faculty of Economics, Gadjah Mada University, in the early 1970s, Boediono has lectured and published widely on topics relating to contemporary issues of economic policy in Indonesia. His publications include the following.- Boediono (2009). Ekonomi Indonesia, mau ke mana? Kumpulan esai ekonomi (The economy of Indonesia, Where to? A collection of economic essays), PT Gramedia, Jakarta. ISBN 978-979-91-0189-1
- Boediono (2007). 'Primus Inter Pares', Chapter 11 in Moh. Arsjad Anwar, Aris Ananta, Ari Kuncoro (eds), Kesan Para Sahabat tentang Widjojo Nitisastro (Testimonials of Friends about Widjojo NitisastroWidjojo NitisastroWidjojo Nitisastro is an Indonesian economist, born in Malang in East Java on 23 January 1927. He is one of Indonesia's most well-known and respected economic policy-makers, both within Indonesia and overseas.-Early career:...
), Penerbit Buku Kompas, Jakarta. - Boediono (2005). 'Professor Mubyarto, 1938-2005', Bulletin of Indonesian Economic Studies, 41 (2).
- Boediono (2005). 'Managing the Indonesian economy: some lessons from the past', Bulletin of Indonesian Economic Studies, 41 (3).
- Boediono (2004). 'Kebijakan fiskal: sekarang dan selanjutnya' (Fiscal policy: now and in the future), in Subiyantoro, Heru and Riphat Singgih (eds), Kebijakan fiskal (Fiscal policy), Penerbit Buku Kompas, Jakarta.
- Boediono (2002). 'The IMF support program in Indonesia: comparing its implementation under three presidents', Bulletin of Indonesian Economic Studies, 38 (3).
- Boediono (1999). 'Addressing the social impacts', speech delivered to the meeting on Development cooperation: responding to the Asian crisis', Sydney, 5 March.
- Boediono and T. Kaneko (1998). 'Price changes', in S. Ichimura (ed.), Indonesian economic development: Issues and analysis, Japanese International Cooperation Agency, Tokyo.
- Boediono (1990). 'Fiscal policy in Indonesia'. Paper presented to the second convention of the East Asian Economic Association, Bandung.
- Boediono and Mari Pangestu (1986). 'The structure and causes of manufacturing sector protection in Indonesia', in Christopher Findlay and Ross Garnaut (eds.), The political economy of manufacturing protection: experience of ASEAN and Australia, Allen and Unwin, Australia.
- Boediono (1974). 'An economic survey of D.I AcehAcehAceh is a special region of Indonesia, located on the northern tip of the island of Sumatra. Its full name is Daerah Istimewa Aceh , Nanggroë Aceh Darussalam and Aceh . Past spellings of its name include Acheh, Atjeh and Achin...
',Bulletin of Indonesian Economic Studies, 10 (2). - Boediono (1972). 'An economic survey of North SulawesiNorth SulawesiNorth Sulawesi is a province of Indonesia. It is on the island of Sulawesi, and borders the province of Gorontalo to the west . The islands of Sangihe and Talaud form the northern part of the province, which border Davao del Sur in the Philippines.The capital and largest city in North Sulawesi is...
', Bulletin of Indonesian Economic Studies, 8 (3).