What Indonesia's Bailout Should Teach Its Neighbors
The International Monetary Fund's attempt to impose financial discipline on Suharto Inc. is good news. ("Can the IMF wrestle down Suharto Inc.?" Cover Story, Nov. 17). In this process, the links between the Suharto government and Suharto's businesses will become more transparent.
This will set the stage for neighboring countries to adopt sound economic measures instead of mere political posturing, as is common. What is more interesting is that Indonesia is the last country one would expect to succumb to such disciplinary measures, which means that the rest of Asia can follow Indonesia's example.