Indonesia's Experience in Entrepreneurship Development

Abstract

Indonesia has started to focus on entrepreneurship development since the beginning of the sixth of the Five Year Development Plan of the President Soeharto era through the enactment of the President Instruction number 4 of 1995 on the promotion of entrepreneurship spirit throughout Indonesia. In the framework ofAPEC, Indonesia proposed in 1996 an APEC Center for Entrepreneurship, a virtual center, which will benefit all APEC member economies for entrepreneurship development in the Asia - Pacific region. Moreover, the 1998 economic crises has made Indonesia realize the importance of entrepreneurship development, particularly to cope with the crisis-led increase of unemployment.