Word: indonesia
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Dates: during 1960-1969
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Nearly a third of the world's people live in the great arc of eleven nations that stretches beneath the southern rim of Russia and China. From Pakistan to Indonesia, the countries of South Asia seem, however, to have more than two-thirds of the world's problems: grinding poverty, ruinous population growth, feeble economies, the burden of colonial pasts and, in Southeast Asia, armed Communist aggressors. In a new book published this week, Asian Drama, Swedish Economist Gunnar Myrdal suggests that the bulk of South Asia's troubles lie not so much in history or lack...
...overwhelmed by the inter est foreign investors have shown in our country," said Surjo Sediono, a high of ficial of Indonesia's Foreign Investment Board. He describes 1967 as the "year of promotion," when Indonesians and potential foreign investors got acquaint ed, both in Djakarta and in Geneva, at a conference sponsored by Time Inc. last November. Courting private cap ital, the new regime has returned virtu ally all foreign properties seized by Sukarno, promised tax holidays and easy repatriation of profits to all newcomers...
Holland's huge Philips' Gloeilampen-fabrieken is returning to Indonesia and investing $6,000,000 in a joint venture with the government. British-American Tobacco will operate a cigarette factory in Djakarta, while Belgium's Faroka will make cigarettes in Malang. Scores of smaller ventures from candy to pearl culture have signed up. "The important thing," says Sediono, "is getting the first company to come in. Then competitors want to follow. For example, Philips' of Holland came in and now Siemens of Germany is interested...
...clear that the conditions prevailing in Indonesia at that time were not right for such a venture. As could have been predicted, the Communists were massacred by Muslims. This grisly failure shows that men and their ideas simply cannot bludgeon an intractable reality into any desirable shape...
...genuflecting while passing in front of a church. Senator Kennedy considers the charges just and demands that reparations be made immediately. Albania jails the touring New York Philharmonic Orchestra for playing the Fifth Symphony because the first few notes were offensive to China's efforts in Indonesia. Senator Morse agrees and suggests that the notes never be again played...