During the Suharto administration, Indonesia faced unprecedented growth of economic expansion by promoting foreign investments, particularly in the exploitation of natural and mineral resources. Although the policy was heavily criticized for uncontrolled environmental damages and corrupted bureaucrats and politicians, it significantly boosted urban development in resource-rich cities. In 1970s, Balikpapan experienced 7% population growth annually when exports of timber and petroleum increased dramatically.
Tuesday, March 11, 2008
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