Prof. Widjojo Passes Away

One of Indonesia's heroes has passed away. Professor Dr. Widjojo Nitisastro, leader of the "Berkely Mafia" (a group of young Indonesian economists educated at UC Berkely in the 1960's under Ford Foundation aegis, became the economic architect of President Suharto's New Order. Under his leadership Indonesia's economy not only averaged 7% growth, but significant segments of Indonesia's population rose above poverty. All of us in the business community owe him a great debt and we send our sincere regards to his family.