Indonesia - Research Article from Governments of the World

This encyclopedia article consists of approximately 12 pages of information about Indonesia.
This section contains 3,312 words
(approx. 12 pages at 300 words per page)
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The Economy

The base from which Suharto worked was a potentially rich one. The country had a wealth of oil, natural gas, timber, and minerals including gold, nickel, and bauxite to be exploited, in addition to a vast pool of cheap labor. Economic growth and poverty reduction policies helped to spread the benefits of economic growth around the nation. According to the World Bank, the poverty rate was reduced by 82 percent in the period from 1970 to 1995, and per capita incomes increased 4.8 percent annually during the same period. However, this is controversial for one of the most notable characteristics of Indonesia's economic growth was the emergence of an elite of superwealthy businesspersons within Suharto's own family and among those closely connected to the first family.

The economic growth delivered by the regime eventually carried the seeds of Suharto's downfall. Indonesians' rising levels of education and wealth led many to reject...

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This section contains 3,312 words
(approx. 12 pages at 300 words per page)
Buy the Indonesia Encyclopedia Article
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Governments of the World
Indonesia from Governments of the World. Copyright © 2001-2006 by Macmillan Reference USA, an imprint of the Gale Group. All rights reserved.
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