Nationalization versus privatization
Developments can be understood as efforts to fulfill the independence reached by the spirit of service to the nation's struggle. The first step of the development process is by setting up a solid government. It is expected to be able to ensure people’s prosperity by undertaking such economic developments in all sectors. In the colonial era, economic sectors were dominated by foreign privates. While following the fall of the Dutch government coincided with the birth of independence, Dutch colonial authorities still possessed the assets. Though the age of the government was still young enough, yet it was absolutely driven by the spirit of revolution in order to liberate people. In addition, the government had with little fuss nationalized foreign companies such as banking, transportation, mining, and trade as well. It’s hard to cope for Indonesia to export. The Indonesia’s government was always accused of smuggling illegal things that were claimed as theirs or their foreign counterparts’.
