Comment on “Toward Myanmar's new stage of development: transition from military rule to the market”
Views & Download
It is not easy to write a scholarly paper on Myanmar economy given the scarcity of reliable statistics. The paper by Fumiharu Mieno (2013) represents a commendable effort to shed some light on the dark chapters of the traumatized Myanmar economy. The problems of Myanmar are primarily homegrown. The military regime overthrew the civilian government in 1962, drove out the foreigners, and went into self-imposed isolation. It is pertinent to underscore that Burma (now Myanmar) was a thriving economy in the 1950s, and Rangoon was the commercial capital of Southeast Asia, way ahead of Bangkok, Saigon, and Singapore. Myanmar has huge potentials that remain untapped. Again, Myanmar has only itself to blame. By a historical accident, the open economy of Burma was transformed abruptly into a closed economy with disastrous consequences.
Military rule , Market , Myanmar
Abdul Kareem, Mohamed Ariff. (2013). Comment on “Toward Myanmar's new stage of development: transition from military rule to the market”. Asian Economic Policy Review, 8 (1), pp. 118–119.