Sumitro Djojohadikusumo | |
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![]() Sumitro in 1954 | |
3rd State Minister for Research | |
In office 28 March 1973 – 29 March 1978 | |
President | Suharto |
Preceded by | Suhadi Reksowardojo (1966)[a] |
Succeeded by | B. J. Habibie[b] |
8th Minister of Finance | |
In office 12 August 1955 – 24 March 1956 | |
President | Sukarno |
Prime Minister | Burhanuddin Harahap |
Preceded by | Ong Eng Die |
Succeeded by | Jusuf Wibisono |
In office 3 April 1952 – 30 July 1953 | |
President | Sukarno |
Prime Minister | Wilopo |
Preceded by | Jusuf Wibisono |
Succeeded by | Ong Eng Die |
7th Minister of Trade | |
In office 6 June 1968 – 28 March 1973 | |
President | Suharto |
Preceded by | Mohammad Jusuf |
Succeeded by | Radius Prawiro |
In office 6 September 1950 – 27 April 1951[c] | |
President | Sukarno |
Prime Minister | Mohammad Natsir |
Preceded by | Tandiono Manu |
Succeeded by | Sujono Hadinoto |
Personal details | |
Born | Gombong, Kebumen, Dutch East Indies | 29 May 1917
Died | 9 March 2001 Jakarta, Indonesia | (aged 83)
Resting place | Karet Bivak Cemetery |
Political party | Socialist (1955–1960) |
Spouse |
Dora Marie Sigar (m. 1947) |
Children | 4, including Prabowo Subianto and Hashim Djojohadikusumo |
Parent |
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Alma mater | |
Signature | ![]() |
Sumitro Djojohadikusumo (EVO: Soemitro Djojohadikoesoemo 29 May 1917 – 9 March 2001) was an Indonesian statesman and one of the country's most influential economists. He held ministerial positions under Presidents Sukarno and Suharto intermittently between 1950 and 1978. During his career in government, Sumitro served as Minister of Industry and Trade, Minister of Finance, and the Minister of Research in five different cabinets. He was also the Dean of the Faculty of Economics at the University of Indonesia.
Born into a Javanese family, he studied economics at the Netherlands School of Economics in Rotterdam in the Netherlands and remained there throughout World War II. Returning to Indonesia after the war, he was assigned to the country's diplomatic mission in the United States, where he sought to raise funds and garner international attention in the struggle against Dutch colonialism. After the handover of sovereignty as a result of the 1949 Dutch–Indonesian Round Table Conference, in which he took part, he joined the Socialist Party and became Minister for Trade and Industry in the Natsir Cabinet. He implemented the protectionist Benteng program, and developed an economic plan which aimed for national industrialization. Sumitro further served as finance minister in the cabinets of Prime Ministers Wilopo and Burhanuddin Harahap during the Sukarno era. During the 1950s, Sumitro favoured foreign investment, an unpopular position at that time which brought him into conflict with Nationalists and Communists.
Due to political differences and allegations of corruption, Sumitro fled Jakarta and joined the insurrectionary Revolutionary Government of the Republic of Indonesia in the late 1950s. Considered a leader of the movement, he operated from abroad, liaising with Western foreign intelligence organizations while seeking funds and international support. After the movement's defeat, Sumitro remained in exile as a vocal critic of Sukarno, continuing to agitate for the downfall of the government. After the overthrow of Sukarno and the establishment of the New Order under Suharto, Sumitro was invited to return from exile and in 1967 was appointed Minister of Trade. In this position Sumitro set policies favouring industrialization through imports of capital goods and export restrictions of raw materials. He was involved in the high-level planning of Indonesia's economy, along with many of his former students from the University of Indonesia.
After disagreements with Suharto on policy in the early 1970s, Sumitro was reassigned as Minister of Research before his removal from government posts altogether. Throughout the New Order, Sumitro leveraged his foreign and political connections to establish substantial private business interests and a political presence for his family. As his son Prabowo Subianto joined the military and married Suharto's daughter, Sumitro also continued to work as an economist with some influence during the 1980s. In the leadup to the 1997 Asian financial crisis, he began to call for greater deregulation of the economy but remained committed to the political structure of the New Order. Following his death, his children and grandchildren remain influential in Indonesian politics, with his son Prabowo Subianto being elected as President of Indonesia.
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