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"Good governance plays a critical role towards the sustainable of economic development in Indonesia. This is simply because it determines the efficiency, integrity, and effectiveness of public sector management, and also accountability and transparency of corporate and financial governance in the private sector. However, the direct concern on this matter seems to be limited only on the bureaucracy reform as it can be seen from the issuance of the presidential instruction no.14,2010 (Inpres no.14/2010) Whilts the above bureaucracy reform is no doubt necessary, but it is considered insufficient to make the good governance work well. Other reforms aspects such as political office, civil society and economic society are, therefore, cannot be avoided. This paper aims at discussing the concept and the policies of good governance for Indonesia particularly from economic perspective. It was argued that in order to make good governance from the economic stand point, it is a must for the government to establish economic and financial management focusing inter alia towards macroeconomic stability, commitment to social and economic equity, and the promotion of efficient institutions through structural reforms such as trade liberalization and domestic deregulation. Also, it is argued that there is a need for Indonesia to justify her own ways rather than only by adopting the best practices of the good governance available in other countries. "

"PENDAHULUANDepresi yang menyusul jatuhnya bursa modal pada musim gugur tahun 1929 merupakan malapetaka keuangan yang paling lama dan paling parah yang pernah dialami negara. Jutaan orang kehilangan perkerjaan dan kehabisan uang. Karena tidak mampu mebayar uang gadai atau membayar sewa rumah, banyak orang kehilangan tempat berteduh. Laki-laki dan wanita setengah kelaparan berderet antri untuk mendapatkan makanan yang tidak seberapa dari organisasi kemanusiaan dan gereja. Petani menggunakan hasil panennya sebagai bahan bakar. karena harga jualnya tidak sepadan dengan biaya angkutan ke pasar. sedangkan pasar itu sendiri tidak mampu lagi menyerap hasil produksi yang surplus itu, seperti dikatakan oleh Henry C.Dethlof."... the symptoms happened early in the 1920s in the agricultural sector. In that decade. American farmers were facing economic disaster namely the falling prices of agricultural products." (Dethlof:1979:232). Banyak di antara rakvat tuna wisma, tuna pangan, dan tuna karya dengan tekun mendengarkan para demagog membakar hati mereka untuk memperjuangkan perubahan, bahkan revolusi sosial dan ekonomi secara besar-besaran. Ketika suatu barisan eks tentara yang tuna karya berbaris ke istana presiden di Washington pada musim panas tahun 1932 untuk memperjuangkan tunjangan veteran, Presiden Hoover yang ketakutan, memerintahkan pasukan militer untuk mengusir barisan itu dengan pasukan, tank. dan gas air mata. "