1. The Roots of Reformasi in Indonesia
A country with a less developed economy, would tend to have a cheaper currency. This is in order to limit the level of consumption of the country, to a level which the economy of that country could support. As that country develops economically, its currency would be revised in value, in order to reflect the increase in purchasing power, due to increases in that country's physical productivity. ... These countries were no longer able to service their debts to the developed world. ... As the physical economy of the developed countries contracted, demand for the raw materials of the Thir...
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