![Picture](/uploads/2/3/4/8/23487188/4348727.png)
In the 1960s, the economy deteriorated drastically as a result of political instability, a young and inexperienced government, and economic nationalism, which resulted in severe poverty and hunger. Following President Soekarno's downfall in the mid-1960s, the New Order administration brought a degree of discipline to economic policy that quickly brought inflation down, stabilized the currency, rescheduled foreign debt, and attracted foreign aid and investment. High levels of regulation and a dependence on declining oil prices, growth slowed annually between 1981 and 1988. A range of economic reforms were introduced in the late 1980s to improve export competitiveness, and de-regulation of the financial sector. The Indonesian economy grew by an average of over 7%. The main exports were construction equipment, machinery, aviation parts, chemicals, and agricultural products. U.S. imports from Indonesia in 1999 totaled $9.5 billion and consisted primarily of clothing, machinery and transportation equipment, petroleum, natural rubber, and footwear.
Indonesia has 6 main branches of Government and each have specific functions. You can read more information and their specific functions by going to the provided link below:
Executive
Legislative
Judicial
The People's Representative
Others
http://www.embassyofindonesia.org/about/government.htm
http://en.wikipedia.org/wiki/Economy_of_Indonesia#cite_note-17
Politics of Indonesia - Wikipedia, the free encyclopediaPolitics of Indonesia - Wikipedia, the free encyclopedia
Indonesia has 6 main branches of Government and each have specific functions. You can read more information and their specific functions by going to the provided link below:
Executive
Legislative
Judicial
The People's Representative
Others
http://www.embassyofindonesia.org/about/government.htm
http://en.wikipedia.org/wiki/Economy_of_Indonesia#cite_note-17
Politics of Indonesia - Wikipedia, the free encyclopediaPolitics of Indonesia - Wikipedia, the free encyclopedia
![Picture](/uploads/2/3/4/8/23487188/8472100.jpg)
Indonesia's President for 2013 is Susilo Bambang Yudhoyono. Indonesia is also Republic as is the United States.
![Picture](/uploads/2/3/4/8/23487188/6150712.png)
Oil Production:
Total Oil Production(1980-2012)
1,015.488,94087,48320
974.26Oil Consumption:
Consumption(1980-2012)
1,384.0028,59388,662171,384.00 E
Indonesia was ranked 20th in the world of oil production. Indonesia not only struggles to get sufficient investment but through production have failed to keep up with demand. They need a better way of business. Indonesia is still a developing country with poor living conditions and social development has just begin to grow.
What would happen if Indonesia would unleash it's potential?
What challenges does Indonesia face in economic growth?
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