Word: sukarnoism
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There would be economic sense in further Asian groupings. A revival of Sukarno's Maphilindo (Malaysia, the Philippines, Indonesia), which fell apart because of his own anti-Malaysia campaign, would furnish markets for Indonesia's untapped riches. If some military and political stability can ever be achieved, a logical common market would be the Southeast Asia peninsula, including Burma, with its interlaced river network providing needed transportation. And, except for Japanese-Korean animosity, Japan could reduce its production costs by farming out some industries to South Korea, where people need the jobs, and aim for Taiwan...
...handsome Hotel Indonesia, built in Djakarta during the heyday of Sukarno and equipped with everything but paying guests, is suddenly bustling. Checking in last week for extended stays were businessmen from half a dozen nations. American executives, encouraged by the State Department and newly protected by the U.S. Government against investment losses caused by revolution or expropriation, came with plans for everything from stepping up tire production to developing tourism in the archipelago republic...
...Wrongs. All this came in response to the fact that with Sukarno fading fast, the triumvirate that replaced him seems determined to rebuild Indonesia's commercial bridges. Many old wrongs remain to be righted before the new dreams can begin. When Sukarno in 1964 began forcing foreign firms into a plan called "production sharing"-a euphemism for expropriation-the U.S. investment alone in Indonesia amounted to more than $520 million. Only two oil companies, Caltex (owned by Texaco and Standard Oil of California) and Stanvac (owned by Jersey Standard and Mobil), managed to keep operating. Other companies lost longtime...
...Sultan and Indonesia's new boss Suharto have plenty of other economic problems. Inflation is rampant, and Sukarno, who scorned foreign aid, left the country with massive international debts. Suharto's "New Order," though, is beginning to make some order out of the mess, with advice from the International Monetary Fund and the World Bank. A moratorium has been arranged on debt repayments, a total of $230 million in aid has been arranged from nations in both the East and West blocs, and Suharto hopes to achieve a balanced national budget of $813 million this year. Most significantly...
Paternal Duty. If his complicity is proved, what could Indonesia do to Sukarno? One possibility is hospitalization. Already some leaders are suggesting that Sukarno may be mentally ill; during a recent shopping tour, for example, he embarrassed the salesgirls with lengthy inquiries about contraceptives, adding bluntly that "homemade ones are easily damaged." Exile is another; Sukarno's youngest wife Dewi is in Tokyo awaiting the birth of a child next month, and Sukarno might make an exit on the grounds of paternal duty. If he does leave Indonesia, the odds are against his returning...