Between Sluggish Investment and Failed Institutions

May 20, 2003

Muhammad Chatib Basri*
*Director of LPEM-FEUI

 

Five years ago, Thursday, May 21, 1998. On that day, history _ and new hopes _ was written. I did not know how to express my feelings when I watched the resignation speech of Suharto on the television screen. There was euphoria, there was indescribable relief. And there was also the salutation of victory. How moving it was to hear a message from a colleague, "Suharto stepped down this morn


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