Before the oil price increase in 1973, Indonesia n
exports were mainly based on primary products such as tree
crops and natural resources, which accounted for more than
fifty percent of Indonesia's export revenue (World Bank,1986). However, after the first leap in world oil prices in
1973, export shares altered remarkably and the export of oil
became a prominent source of Indonesia's export income.
"Between 1972 and 1981 the value of Indonesian oil exports
increased thirteen times in...[Show more]
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