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Introduction
Since 80’s until 90’s, Indonesia has been one of Asia’s most powerful economies especially in Asia Pacific. During this period, its economic grew at stable annual rate. But when financial agitation struck in 1998, Indonesia’s economic decreased rapidly. As the moment, Indonesia rupiah currency has dropped nearly 80 percent of its value against the U.S. dollar (pbs.org, 1998). Banks and major companies have collapsed overnight. Unemployment has growth dramatically and food prices have skyrocketed. Chaos occurred across the country. Standing at the center of the current crisis is President Suharto. In late October 1997, the Suharto’s government completed an agreement with the IMF (International Monetary Fund). The IMF has approved the agreement and gave $10 billion for financial support. Indonesia’s government also had taken loan from the Asian Development and Bank World Bank (pbs.org, 1998). But his handling of the economic crisis has failed to re-establish......

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Approximate Word Count: 1569
Approximate Pages: 7 (250 words per double-spaced page)

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