Age, Biography and Wiki

Widjojo Nitisastro was born on 23 September, 1927 in Malang, East Java, Dutch East Indies, is an Indonesian economist. Discover Widjojo Nitisastro's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 85 years old?

Popular As N/A
Occupation Economist
Age 85 years old
Zodiac Sign Virgo
Born 23 September, 1927
Birthday 23 September
Birthplace Malang, East Java, Dutch East Indies
Date of death 2012
Died Place Jakarta, Indonesia
Nationality Indonesia

We recommend you to check the complete list of Famous People born on 23 September. He is a member of famous economist with the age 85 years old group.

Widjojo Nitisastro Height, Weight & Measurements

At 85 years old, Widjojo Nitisastro height not available right now. We will update Widjojo Nitisastro's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
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Who Is Widjojo Nitisastro's Wife?

His wife is Siti Sudarsih

Family
Parents Not Available
Wife Siti Sudarsih
Sibling Not Available
Children 2

Widjojo Nitisastro Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Widjojo Nitisastro worth at the age of 85 years old? Widjojo Nitisastro’s income source is mostly from being a successful economist. He is from Indonesia. We have estimated Widjojo Nitisastro's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income economist

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Timeline

1927

Prof. Dr. Widjojo Nitisastro (23 September 1927 – 9 March 2012) was an Indonesian economist, who was known as the main architect of the Indonesian economy during the New Order regime of President Suharto, serving as Minister for National Development (1971–1983) and Coordinating Minister for Economy, Finance and Industry (1973–1983).

He was one of Indonesia's best-known and most respected economic policy-makers, both within Indonesia and overseas.

He joined the Indonesian Student Army during the Indonesian National Revolution and fought in Surabaya.

After the end of the revolution, he taught at a junior high school, before, attending and later graduating from the University of Indonesia.

He would go on to become a professor at the university.

Widjojo Nitisastro was born in Malang Residency, on 23 September 1927, and grew up in Surabaya.

He came from a retired elementary school superintendent's family.

His father was an activist with the Greater Indonesia Party (Parindra).

1945

In 1945, when the Indonesian National Revolution erupted, Widjojo joined the Indonesian Student Army (TRIP).

In the Revolution, he almost died somewhere between the Ngaglik and Gunung Sari areas of Surabaya.

After the end of the revolution, Widjojo taught at a junior high school for 3 years.

He then continued his higher education at the Faculty of Economics of the University of Indonesia (UI), specializing in the field of demography.

While still a student, he, together with Canadian demographer Nathan Keyfiz, wrote a book entitled "The Problem of Indonesian Population and Development."

The foreword was written by former Vice President Mohammad Hatta, who wrote, "An Indonesian son with his knowledge of the problems of his homeland, has been able to work with Canadian statisticians. Processing his solid thoughts and putting them into a weighty book."

Widjojo eventually graduated with the Cum Laude predicate.

He would later be appointed by the Dean of the Faculty of Economics (and future Minister of Research), Sumitro Djojohadikusumo, as the Director of the Institute for Economic and Community Research.

1960

In the late 1960s, after the fall of President Sukarno, he became one of Indonesia's most important economic policy-makers under the New Order regime of President Suharto.

He was generally considered to be the foremost member of the well-known 'Berkeley Mafia' group of economists.

He died in Jakarta, Indonesia, aged 84.

1962

Widjojo Nitisastro later became a full professor of economics at the University of Indonesia in Jakarta at the age of 34 in 1962.

Shortly after, Widjojo continued his doctoral studies at the University of California, Berkeley.

He worked on a dissertation entitled “Migration, Population Growth, and Economic Development: A Study of the Economic Consequences of Alternative Patterns of Inter-Island Migration.” There, Widjojo met several other economic students, including future ministers Mohammad Sadli, Subroto, Ali Wardhana, and Emil Salim.

This group would later become known as the Berkeley Mafia, a group of technocrats who are considered to have instilled neoliberalism in economics for the sake of American interests in Indonesia.

After completing his studies, Widjojo returned to Indonesia.

When he returned, Indonesia was under the guided democracy period of President Sukarno.

Under this policy, the Indonesian economy leaned towards economic socialism/communism.

The economic situation in Indonesia at that time was chaotic, with high inflation rates and high prices.

Widjojo expressed his opinion to the government to change the paradigm of the Indonesian economy.

1963

During his inauguration as a professor of economics at the University of Indonesia on August 10, 1963, Widjojo read a speech entitled "Economic Analysis and Development Planning."

He suggested that economic analysis should be included in government policymaking, as well as a combination of market mechanisms and government intervention instead of allowing the market to be too free or otherwise making the government too powerful.

However, his suggestions were not heard by the government.

1966

In 1966, General Suharto took over power in Indonesia from President Sukarno through the Supersemar order.

Although he did not become president for the next two years, Suharto began to build the foundations of the government that would later be referred to as the New Order regime.

In August 1966, Suharto held a military seminar, which was attended by Widjojo and a number of his colleagues.

In the seminar, the economists presented their ideas and policy recommendations to Suharto.

Suharto was impressed by their idea and asked them to work as a Team of Experts in Economics and Finance.

This appointment marked the beginning of Widjojo's career.

Other members of the group, all senior Indonesian economists, were generally regarded to include Professor Ali Wardhana, Professor Moh. Sadli, Professor Emil Salim, and Professor Subroto.

1970

Later, in 1970, he and several other economists who graduated from the University of California, Berkeley were accused of being the Berkeley Mafia formed by the CIA to instill economic liberalism in Indonesia.

1971

In 1971, Widjojo was appointed State Minister for National Development Planning, a position he held until the early 1980s.