Word: indonesia
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Dates: during 1980-1989
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...outlook is quite different for most of the Asian nations that are dependent on commodity exports, for which prices are deeply depressed. In both Indonesia, a major oil exporter, and Malaysia, a supplier of rubber and tin, virtually no growth is expected through 1987. Says Peter Drysdale, executive director of the Australia-Japan Research Center in Canberra: "There are going to be considerable stresses on the commodity-exporting part of the Western Pacific economy over the next 18 months or so." He noted that Australia had been severely hurt by low prices for agricultural exports. But after expanding...
Narongchai Akrasanee, senior vice president of the Industrial Finance Corp. of Thailand, reported that debt loads are much less onerous in the developing countries of Asia. Only the Philippines, which owes $26 billion, is considered to have a major problem, and that, he said, is "manageable." Oil-producing Indonesia could have future difficulties in servicing its $37 billion debt, but those too, Narongchai asserted, can be handled...
Hastings, a native of Kennilworth, Ill., worked as a consultant with a Harvard international development team analyzing the impact of Indonesia's crumbling rice economy on rural incomes and employment in that country, Glamour said...
...once a placid pond where Western powers could splash contentedly, encircled by a ring of friendly nations. The Philippines were American. Viet Nam (Indochina then) was French. Singapore was British. Indonesia belonged to the Netherlands. Then, after World War II, the slow move toward regional independence began. Today many of the small countries that dot the Pacific are fiercely nationalistic. Yet, at least for now, most of them remain closely allied with the West...
...falls of Ferdinand Marcos and "Baby Doc" Duvalier have inspired a flurry of agitation with the simple theme, Let's do the same elsewhere, everywhere. The hit-wish list is breathtakingly long, including South Korea, Indonesia, Pakistan and many others. Just pull the plug of U.S. support for all these nasty dictators, so goes the argument, and democracy will flourish...