Still waiting for Wahid

Article Abstract:

Indonesian president, Abdurrahman Wahid, has sought to strengthen his position, and the currency has been strengthened by elections in 1999. Output also appears to have ceased falling and growth of 3.8% is forecast the the last three quarters of 2000. Crops are starting to recover from a drought in 1999 and rising petroleum prices should help the petroleum industry. The government is seeking to reform the banking industry. Foreign investors are interested in whether corruption is being controlled, how contracts are written, and the risks of a possible coup.

Political aspects

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Solid foundations

Article Abstract:

Indonesia has the economic advantages of plentiful natural resources, a large workforce that is willing to work for low wages and a mostly hands-off approach by the government. This should continue to improve after, Suharto, the current leader, retires from government.

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Boomtime

Article Abstract:

The economic turnaround in Indonesia began when newly elected Pres Suharto enlisted the help of a group of economists educated at the University of California, know as the Berkeley mafia to help. Budgets were properly accounted and foreign investment was encouraged.

Industrial development, Industrialization

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