The serial underperformer of the Asia-Pacific, Burma’s economy is unbalanced, volatile, and largely without the institutions and qualities necessary to achieve sustainable economic growth and development. Using new and hitherto largely unobtainable data, this paper explores the fundamentals of Burma’s economy, examining concerns over economic growth, public finances, monetary and financial policies, international trade and investment, privatisation actions, and post-Cyclone Nargis aid. The paper concludes pessimistically as to the likelihood of meaningful change in Burma in the foreseeable future […]
• • •Burma’s macroeconomy is unbalanced, unstable and largely without the institutions and attributes necessary to achieve transformational growth. Employing new data and techniques selected to gaze through the characteristic informational fog, this paper aims to examine the fundamentals of Burma’s macroeconomy as it stands at the cusp of the 2010 elections. These elections, already without political credibility, promise little in the way of the reforms Burma needs to achieve economic stability and growth […]
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