Monday, June 8, 2015

Comparison of the Economic Policies from both countries

   As seen above, both countries are willing to open up to new ideas. They were accepting new ideas to create major improvements for the country. Soeharto, he accepted the new idea of the “New Order” where he wanted to improve the economics of Indonesia after the era of Sukarno. The “New Order” was a plan to renew the old one named “Old Order”. As we can see that the first several years it did made the economy grew rapidly, and also decreasing the percentage of poverty in Indonesia. Though, it made Indonesia suffer during the Asian Financial Crisis.


  On the other hand, Mao was doing the same thing. He was rapidly increasing China’s economy during his first 5 years of ruling china. After his first 5 years, seeing his success, he made the “Great Leap Forward” which made him retire from his position of being the ruler of china, due to the failures of the great leap forward, which led china to a economical crisis.


   Both countries accepted new ideas, and it worked well at first, however because they were to ambitious it led their success to a major failure causing economical crisis.

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