S&P warns: There’s a worrying trend in emerging markets, and Turkey is a prime example

Some emerging markets haven't used liquidity to sufficiently take care of debt and leverage, S&P Global Ratings said

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Saya menyalahkan elit-elit politik dalam ketidaktenangan yang terjadi sekarang, langkah-langkah pragmatis mereka yang saat ini menghasilkan perkara yang sangat sensitif. Ketika menjelang pengukuhan calon untuk Pilkada sebetulnya saya sudah memprediksi akan adanya blunder. Walaupun dalam kacamata politik hal ini biasa, dalam ruang lingkup publik ada perkara luar biasa, yakni ketidak berdayaan terhadap langkah-langkah politik para politikus dan partai, seolah-olah optimisme …

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The period of study was 1945-1998. ‘Jakarta Charter’ was not included in the constitution, and a secular constitution for Indonesia was adopted. A ‘new order’ military dictatorship in 1965 saw the perpetuation of the secular-nationalist elites’s domination of the bureaucracy and military. Although movements based on ‘political Islam’ or Islamist movements were convenient allies of …

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