1. The Roots of Reformasi in Indonesia
In the 1970s, foreign oil cartels moved in to exploit the oil fields in Indonesia. ... OPEC, under the direction of the British financial oligarchy, drove up the price of oil. ... OPEC insisted on ONLY dollars as payment for its oil, rather than its own members' currencies. ... For the Third World, the artificial increase in the price of oil drove them into bankruptcy. ... With any potential income from the Third World locked up for many years to come, British oil companies started developing oil fields around the world, such as in the North Sea and certain Third World nations such as Mal...
- Word Count: 3054
- Approx Pages: 12
- Grade Level: Undergraduate