If Not for a Financial Meltdown…
The 1997-98 Asian financial crisis caused economic havoc across much of the globe, with Indonesia one of the hardest hit nations. But it triggered a chain of events that discredited the country’s corrupt, repressive ruler, Suharto, and led to his 1998 resignation after over 31 years as president. His downfall signifies a lesson America learned this month: how even a disastrous development can rescue a nation from dictatorship.
Suharto oversaw significant economic reforms and growth while in power. In other regards, his record was repugnant.
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