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Indonesia: rapid growth, weak institutions (Inglés)

This paper reviews Indonesia's development experience over the last 35 years. It documents the From 1967 to 1997, in the pro-growth environment of Soeharto's New Order, Indonesia's GDP grew by an average of 7 percent per annum. Rapid growth was accompanied by significant gains in the development of human capital and a diversification of the economy away from agriculture, while poverty fell from more than 70 percent in the mid-1960s to 11 percent...
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