Indonesia has experienced its major economic development during Soeharto’s regime. [1] After previous leader Soekarno infamously rejected foreign aid by telling United States to “go to hell with your aid” [2] and opted for a more nationalistic economy approach, Soeharto’s regime decide to differentiate itself by allying with the West in the cold war thus resulting into Western states granting Indonesia with a massive aid package. With the limitless availability of foreign aid, policy reform to open up foreign direct investment, and access to utilize resources that had previously been nationalized, Soeharto was able to bring Indonesia’s economy out of crisis post 1965 Coup, brought about rapid economic growth and overall development on our political economy. Meanwhile, Singapore who suffered the similar problem of lacking infrastructure and limited capital at the beginning of its independence was also able to crawl out of crisis and enjoyed rapid economic growth u
