The 1997 Asian Financial Crisis was a period of economic turmoil that began in Thailand and spread throughout the region. Indonesia, one of the hardest-hit countries, managed to rebound and achieve impressive economic growth. Here is a look at how Indonesia countered the Asian Financial Crisis.
In order to understand Indonesia’s response to the crisis, it is important to know a little bit about the country’s economy and political situation. Indonesia is a large country with a population of over …