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Conference Papers from the Preparatory Network Meeting, March 4-5th, 2009

Mar 30th, 2009 | By | Category: Conference Papers, Economy

Election and Economic Depression

by Martin Manurung

One month prior to the legislative election in Indonesia, the world is officially declared to be in an economic recession. Global economic growth for 2009 which was predicted to be only 0.5 percent, in just 2 months was corrected by the Intenational Monetary Fund (IMF) and the World Bank to become zero percent. It is the worst growth since the World War II. It also potentially leads to a number of impacts; from unemployment, rampant proverty, famine, riots, until wars. Thus, the IMF was right when it concluded that the current recession is a problem of mankind and their future.

Read more about the situation in Indonesia, the economic depression and change.

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