Which affirmative economic program, introduced in 1950 by Trade Minister Sumitro Djojohadikusumo, aimed to foster indigenous (pribumi) Indonesian merchants by granting exclusive import licenses?
Answer and explanation
Correct answer: D. Program Benteng (Benteng Program)
- Step 1: The Benteng Program reserved licenses for importing certain manufactured goods exclusively for indigenous Indonesian entrepreneurs. Step 2. It also provided commercial bank credit, attempting to build a domestic entrepreneurial class to counter Dutch and foreign monopoly control. Answer: Program Benteng (Benteng Program). Why not the others: Ali-Baba was an informal cooperative business partnership; Gunting Sjafruddin was a currency cut.
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