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From 1966 to 1997, Indonesia recorded real GDP growth of 5.03% per year, pushing real GDP per capita upwards from US$806 to US$4,114. In 1966, the manufacturing sector made up less than 10% of GDP (mostly industries related to oil and agriculture). By 1997, manufacturing had risen to 25% of GDP, and 53% of exports consisted of manufactured ...
Guided Democracy (Indonesian: Demokrasi Terpimpin), also called the Old Order (Indonesian: Orde Lama), was the political system in place in Indonesia from 1959 until the New Order began in 1966. This period followed the dissolution of the liberal democracy period in Indonesia by President Sukarno , who centralized control in the name of ...
Large-scale killings and civil unrest primarily targeting members and supposed sympathizers of the Communist Party of Indonesia (PKI) were carried out in Indonesia from 1965 to 1966. Other affected groups included alleged communist sympathisers, Gerwani women, trade unionists , [ 15 ] ethnic Javanese Abangan , [ 2 ] ethnic Chinese , atheists ...
Bahasa Indonesia: Undang-Undang Republik Indonesia Nomor 23 Tahun 1959 tentang Penetapan Undang Undang Darurat No. 2 Tahun 1959 tentang Pemberian Tanda Kehormatan Bintang Garuda (Lembaran Negara Tahun 1959 No. 19), sebagai Undang Undang *)
The Presidential Decree of 5 July 1959 (legally the Decree of the President of the Republic of Indonesia Number 150 of 1959 on the Return to the Constitution of 1945, Indonesian: Keputusan Presiden Republik Indonesia Nomor 150 Tahun 1959 Tentang Kembali kepada Undang-Undang Dasar 1945) was issued by President Sukarno in the face of the inability of the Constitutional Assembly of Indonesia to ...
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The New Order (Indonesian: Orde Baru) is the term coined by the second Indonesian President Suharto to characterise his regime as he came to power in 1966. Suharto used this term to contrast his rule with that of his predecessor, Sukarno (dubbed the "Old Order", or Orde Lama). The term "New Order" in more recent times has become synonymous with ...
Indonesia followed Thailand in abandoning the fixed exchange rate of its currency on 14 August 1997. [33] The rupiah further devalued to its lowest point following the signing of the second IMF letter of intent on 15 January 1998. The 1997 Asian financial crisis that began to affect Indonesia mid-year became an economic and political crisis ...