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    Myanmar’s Political Past Limits its Economic Present

    Freeman, Nick J. | August 2018
    Abstract
    The scenario was an alluring one to buy into. After years of sanctions and economic mismanagement, Myanmar’s much-criticised military had decided to scale back its role in politics, if not wholly return to barracks, and a new and popular government would be established under the leadership of a Nobel Peace Prize laureate and former prisoner of conscience. Although inexperienced in matters of governance, the new government would receive considerable technical support from the international development community. In addition, the international business community would re-engage with a country it had had relatively little to do with since before the Second World War. The parasitic actions of a small handful of ‘cronies’ would be gradually replaced by a far more inclusive economic growth programme, and the country’s close (indeed unique) proximity to the global growth poles of China and India boded well for future prospects. Sure, there would be various hiccups and ‘speed bumps’ along the way, but rarely do the stars align so well for a country seeking to make a – somewhat belated – bid for modernity. And the precedents set by neighbouring Thailand, Malaysia, Vietnam and other fellow ASEAN members illustrated how such a bid could be pursued successfully.
    Citation
    Freeman, Nick J.. 2018. Myanmar’s Political Past Limits its Economic Present. © ISEAS Yusof Ishak Institute. http://hdl.handle.net/11540/8903.
    ISSN
    2335-6677
    Keywords
    Development Economics
    Regional Economic Development
    Economic Impact
    Asian Development Bank
    Development
    Macroeconomic
    Macroeconomic Analysis
    Macroeconomic Framework
    Macroeconomic Models
    Macroeconomic Performance
    Macroeconomic Planning
    Macroeconomic Policies
    Macroeconomic Reform
    Macroeconomic Stabilization
    Economies in transition
    Economic agreements
    Development indicators
    ADB
    Economic development
    Gross domestic product
    Employment
    Economic forecast
    Economic indicators
    Growth models
    Gross domestic product
    Macroeconomics
    Economic forecast
    Social condition
    Economic dependence
    Economic assistance
    Comparative economics
    Regional economics
    Economic development projects
    Open price system
    Price fixing
    Price regulation
    Consumer price indexes
    Financial crisis
    Labor economics
    Regional economics
    Turnover
    Economic survey
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/8903
    Metadata
    Show full item record
    Thumbnail
    ISEAS_Perspective_2018_49@50.pdf (376.1Kb)
    Author
    Freeman, Nick J.
    Theme
    Economics
    Development
    Labor Migration

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    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise