New Order

The New Order was a period in Indonesian history, from 1966 to 1998, under President Suharto. Following a period of political instability and economic decline under Sukarno, Suharto's regime focused on economic rehabilitation and political stability. Key policies included rescheduling foreign debts, attracting foreign aid and investment, and simplifying economic regulations.

The New Order saw significant economic growth, with stabilized inflation, a growing manufacturing sector, and increased petroleum production. However, critics pointed to increasing economic dependence on Western capital and growing inequalities. Politically, the regime was characterized by authoritarianism, with Suharto consolidating power and controlling political parties through organizations like Golkar. Despite economic achievements, discontent grew due to corruption and the privileged business dealings of Suharto's family. The period ended with an economic crisis in 1997, leading to widespread public unrest and Suharto's resignation in 1998.12345