Economic Stability in Indonesia & the US
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Indonesia and the United States are similar in recent economic development. Indonesia has experienced three decades of turbulence since the 1960s, as has the United States, especially in shifting demographics and overall age of the population. While both countries have experienced their economic difficulties in the past 20 years, both seem on the verge of entering a decade of calm, stable growth, while at the same time advancing the lifestyle quality of their inhabitants. This paper will compare and contrast the economic pasts of Indonesia and the United States to illustrate how and why they are both poised for unprecedented economic stability in the 1990s and beyond 2000. A conclusion will discuss the near future for both countries, economically and socially.In the period between the end of the Civil War and the end of World War I, the United States witnessed profound changes: the country was internally bleeding following the war; many of the changes regarding blacks never materialized. The employers in the capitalist system employed workers at slave wages in extremely dangerous working conditions; the increased efficiency arising out of new technology was creating a new strata of worker, the skilled worker; labor began to organize; and socialist thought flourished in this milieu of death and despair. The average person was asking, "What will I have to do to survive?" The most significant developments in this period were Darwinism, technological development and Soci
. . .
ically have created business's most pleasant surprises (Brody, 1987, p. 22).
The United States will create more than 13 million jobs during the 1990s with nine out of 10 in service industries and eight out of 10 filled by women, minorities and immigrants (Brody, 1987, p. 22). One factor that bodes well for America's economic future is that this is the first time in its history that more than half of the entire population is in the workforce without having to support more numbers of young or old citizens. Workers are so great that, by the end of the century, the bulge of the middle-age workers is expected to create a temporary surplus in the often strained Social Security system. The strength of the economy will make arguments that the American middle class is dividing into a prosperous professional and managerial elite and a poor service-industry populace mute. Dire predictions such as this one are rooted not just in the
economic turmoil of the 1970s, but the upsurge in smaller households caused by divorce and single baby-boomers. Married couples with children managed gains in real income of 15 percent from 1970 through 1985. College-educated black married couples have been closing the gap with whites; they now earn 82.4 pe
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Some common words found in the essay are:
World War, Hinduism Buddhism, Bali Jakarta, Karl Marx, Social Security, Indonesia United, President Suharto, Kalimantan Rapid, Europe China, Suharto Sukarno, zinn 1980, brody 1987, brody 1987 22, economic development, 1987 22, urban centers, foreign investment, private sector, national culture, beyond 2000, reform packages, 1990s beyond 2000, strategic location immense, location immense varied, size strategic location,
Approximate Word count = 4684
Approximate Pages = 19 (250 words per page)
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