Experience the success

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Tuesday, February 17, 2015

Experience the success of South Korea, Taiwan, Singapore, Brazil, mimicking the concept of economic development undertaken by the countries of Western Europe and America, it turns out to other developing countries, which apply the concepts that give different results. By relying on foreign borrowing funds to finance the construction, relying on foreign investment, strengthening the export substitution industry, for two to three decades has succeeded in encouraging the growth of national output is quite high and provide broad enough jobs for the people. Although Indonesia has been dubbed as one of the eight countries in Asia as the Asian Miracle or magical Asian countries, because the rate of economic growth is quite steady for three decades, but it is very susceptible to the supply shock. Bath currency crisis in Thailand, was quickly brought Indonesia in a serious economic crisis and in a very short time, the Indonesian economy collapsed.