By Myat Thein
There are various first-class reports by means of eminent Myanmar economists in addition to students from overseas protecting varied post-war classes and/or numerous points of improvement in Myanmar. What this ebook does is to deliver them altogether, because it have been, lower than one roof by way of recasting bits and items in their paintings in line with the author’s personal knowing. In doing so, a holistic method was once followed which will have a well-rounded account of advancements during the last fifty years or extra. moreover, an test has additionally been made to offer the main advancements at varied classes of time among 1948 and 2000 in an easy, yet now not over simplified, reader-friendly structure with a view to achieve as large an viewers as attainable. it's the author’s ardent want that not just scholars and policy-makers, yet Myanmar humans in all walks of lifestyles will learn the ebook, talk about it, and interact for a greater destiny.
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Extra info for Economic Development of Myanmar
3, the scaling down of capital expenditures was also a factor in balancing the budget. This is not to say that public sector deficits have no impact whatsoever on inflation. 3, public sector deficits in 1953/54, 1954/55, and 1956/57 were followed by increases in the CPI in 1955, 1956, and 1957. D. External Sector As noted at the very outset of this chapter, one of the unpleasant legacies of the past was the fact that in spite of more than one and a half centuries of free trade, Myanmar had failed to develop.
112). One notable effort made in this subsector with the encouragement of the government was the private joint-venture company (the Martaban Company) of a Myanmar and a Japanese firm. But the company ran into financial difficulties as a result of which the government nationalized it in 1958. 3. Forestry Forest resources in Myanmar play a dominant role in the socioeconomic development of the nation. The forest cover in Myanmar around 1940 had been estimated at 145,300 sq. miles, or 56 per cent of the country’s land area.
The most notable amongst them was the state-owned pharmaceutical enterprise, which was essentially bottling and packaging imported inputs with little value added. Then again, some of the others, such as steel plants, made little sense given Myanmar is at a low stage of development. , the heavy outlays on such public sector industrial outlays were largely a waste. “Returns would have been more substantial if these resources had been made available to the burgeoning private manufacturing sector instead” (Khin Maung Kyi et al.
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