August 17, 2011
Indonesia no longer a Third-World economy, says SBY
Indonesia is no longer a Third-World manage to buy as has been labeled in a past, as well as is relocating closer to becoming a single of a worlds 10 largest economies, President Susilo Bambang Yudhoyono says.
In his annual speech during a House of Representatives in tie with Indonesian Independence Day, Yudhoyono pronounced a perception of [Indonesia being] a failed state has diminished after sailing by a financial predicament in 1997/1998 as well as 2008/2009.
Now, a lot of people call Indonesia an emerging economy, not a Third-World economy, which, for more than 60 years, was compared with a country, he said.
With full certainty whilst still being humble, you can assure you you have been not a nation upon a brink 
of failure as well as bankruptcy.
After a 1997/1998 Asian financial crisis, Indonesia was in a very vicious situation as well as was perceived as a nation which could destroy as well as go bankrupt, with disastrous economic growth as well as market players losing certainty in a financial as well as banking industries, he added.
At present, however, Indonesia is known as a worlds third-largest democracy as well as Southeast Asias greatest economy, Yudhoyono said.All of a achievements in a new years have affirmed which there is certitude as well as which a road toward a better future lies forward of us,! for us to pass by together.
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