The 1997 Asian Financial Crisis was a traumatic experience for Indonesia. The crisis led to the downfall of the Suharto regime, a sharp decline in economic growth, and a surge in poverty and unemployment.
However, Indonesia has weathered the crisis impressively. In the years since the crisis, Indonesia has recorded some of the highest economic growth rates in the world. Poverty and unemployment have fallen, and the economy has become more diversified.
There are several reasons for Indonesia’s success in …