This article proposes the concept of an extractive regime to understand Indonesia's developmental trajectory from 1966 to 1998. The concept contributes to world-systems, globalization, and commodity-based approaches to understanding peripheral development. An extractive regime is defined by its reliance on extraction of multiple natural resources in the formation of an economic and political order that is also supported by global and regional forces. After elaborating the concept of an extractive regime, the article illustrates it through examination of Indonesia's developmental trajectory from its formation in the post-World War II era to its firm establishment during Suharto's New Order. Although a comprehensive study would necessitate attention to the full panoply of commodities, the study illustrates some of the workings of the extractive regime in the timber and fisheries sectors, which share spatial extensivity and other characteristics. The article concludes by considering the future of the extractive regime in Indonesia amid democratization and continued class domination and by offering suggestions for further application, specification, and extension of the extractive regime concept. (Contains 1 table and 14 footnotes.)