1. The Roots of Reformasi in Indonesia
After the Second World War, the only viable economy left in the world was the American economy. ... 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. ... The oil economies of the Arab, became a component of the dollar economy of the United States. ... As the physical economy of the developed countries contracted, demand for the raw materials of the Third World contracted as well. ...
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- Grade Level: Undergraduate