| BUSINESSWEEK ONLINE : OCTOBER 9, 2000 ISSUE | ||||||||
| ||||||||
 | ||||||||
| INTERNATIONAL ECONOMICS
The Ethnic Chinese and the Indonesian Economy Since thousands of ethnic Chinese were uprooted, Jakarta's business culture has been limping. The impact on the economy: -- About 10,000 professionals, managers, and entrepreneurs fled the country, taking billions of dollars with them -- Chinese-Indonesians ran conglomerates that are now $80 billion in debt, but the owners are no longer around to negotiate workouts -- Continuing violence has kept new foreign investors away -- The rural credit system, in which ethnic Chinese traders made loans to indigenous farmers against future harvests, has broken down _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ |
|  |
 | |
RELATED ITEMS Wages of Hatred TABLE: The Ethnic Chinese and the Indonesian Economy CHART: Indonesia Struggles Keeping an Angry Eye on Indonesia (int'l edition) INTERACT E-Mail to Business Week Online | |||
