Word: indonesia
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Alonso served as a visiting professor at research facilities in Indonesia and Venezuela and at Yale University during the 1960s. In 1967, he became the professor of regional planning at the University of California, Berkeley and joined the Harvard Faculty in 1976 as Saltonstall professor and director of the Center for Population Studies. In 1983, Mr. Alonso served as acting chair of the Department of Sociology...
...economy strangled last August by an outflow of confidence that was as fast as it was lethal. Ask Latin American countries, whose economies were concussed by the Russian shock waves even though the two regions have few direct economic links. Or ask the thousands of ethnic Chinese who fled Indonesia last summer after impoverished locals concluded that Chinese businessmen had magnified their misery by shipping cash out of the country in search of stability...
...many of these nations began to slow--an inevitable turn in the business cycle. But the stutter was enough to panic a few investors, who headed for the exits. That set off a rapid spiral of defaults that became known as the Asian Contagion. Thailand's problems quickly became Indonesia's, then Korea's, in a dangerous daisy chain that is still looping together--witness last month's shuddering devaluation of the Brazilian real...
Stratfor merits more than just a curt dismissal. The company used the same techniques to accurately forecast the economic crisis in Asia as well as the social and political troubles in Indonesia, the 1998 India-Pakistan nuclear standoff, and the 1998 rapprochement between Iran and the U.S. Stratfor has missed a few calls--most notably predicting that the euro would flop--but its gritty analysis has already won 15,000 subscribers to its free website...
Your report "Descent Into Madness" depicted the mob incidents in Jakarta in the context of ethnic and religious hatred [WORLD, Dec. 7]. This is a mistake. Since President Suharto's resignation in May, Indonesia has entered uncharted territory marked by the guarantee of political freedom, a free press and the establishment of new political parties on an almost daily basis. We are facing huge challenges as we transform a society that has had over 30 years of authoritarian rule into one that is democratic. But the transition to democracy requires time and effort. We appreciate those who show their sympathy...