Indonesia Update: An Economic Titanic

http://www.solidarity-us.org/node/862
Date Written:  1998-09-01
Publisher:  Against the Current, Michigan, USA
Year Published:  1998
Resource Type:  Article
Cx Number:  CX12792

"LIVING IN AN Economic Nightmare" is the headline of Time Asia's cover story on Indonesia (August 3). In one year's time Indonesia's per capita income dropped from $1300 per capita to less than $300. In human terms, this has meant unbelievable suffering for an average working person. According to Indonesian government figures, more than 50 million people have fallen below the poverty line since the country's financial crisis began in July 1997.

Subject Headings

• Indonesia