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The Republic of Indonesia achieved remarkable economic development success over the past three decades and was considered to be among the best performing East
Asian economies until the regional economic crash of 1997. With an average growth rate of 7.1 percent between 1985 and 1995, a real gross domestic product (GDP)
growth of 7.8 percent in 1996, a poverty reduction from 60 percent of the population to 11 percent, and an overall improvement in general living standards, Indonesia was
seen as a "model of development," and relatively well-positioned to weather the troubling signs of the Asian crisis.
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