PACIFIC RIM:
When an Asian Tiger Trips*

By Hilton L. Root

Until recently, Indonesia, with more than five times the landmass of Japan and over ten times the population of Australia, could boast both political stability and rapid economic growth. No longer. Hoover fellow Hilton L. Root explains what's gone wrong.

*This article is available only in the print edition of the Hoover Digest. Click here to request a free issue.