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The Burma Road to Capitalism Mya Maung

The Burma Road to Capitalism By Mya Maung

The Burma Road to Capitalism by Mya Maung


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Summary

In light of recent debates and studies on what political scientists call developmental authoritarianism and what some economists consider the East Asian model of economic growth, this book analyzes and evaluates Burma's economic performance under military management.

The Burma Road to Capitalism Summary

The Burma Road to Capitalism: Economic Growth versus Democracy by Mya Maung

In light of recent debates and studies on what political scientists call developmental authoritarianism and what some economists consider the East Asian model of economic growth, this book analyzes and evaluates Burma's economic performance under military management. It considers the relationship between democracy and economic growth, especially the thesis advanced by Asian authoritarian leaders that sociopolitical stability and discipline must be established as a prerequisite to economic development. Based upon empirical and historical facts, the book shows that the present military regime's denial of democracy to the people and its ostentatious economic reforms have not promoted real economic growth and human development in Burma. That regime, the State Law and Order Restoration Council (SLORC), consists of poorly educated power-driven rulers. The book underscores that Burma's lack of economic development, despite its rich natural resources, lies in the regime's misuse of both human capital and those natural resources. They have depressed the country's social capability for past, present, and future economic development.

About Mya Maung

MYA MAUNG is Professor of Finance in the Wallace E. Carroll School of Management at Boston College. He has done extensive empirical research and written several articles on Burma and other developing countries. He is the author of The Burma Road to Poverty (Praeger, 1991) and Totalitarianism in Burma: Prospects for Economic Development (1992).

Table of Contents

Preface Introduction Democracy, Economic Growth, and Asian Values Stability and Discipline in Burma under Military Rule The Nature and Performance of the Open-Door, Market-Oriented Economy of Burma Inflation, Monetary and Fiscal Policies The Economic Plight of Urban and Rural Population The Performance of the External Sector: Foreign Trade and Foreign Direct Investment Burma-China Border Trade Human Development of Burma under Military Rule: Education, Health, and Welfare Conclusion Bibliography Index

Additional information

NPB9780275962166
9780275962166
0275962164
The Burma Road to Capitalism: Economic Growth versus Democracy by Mya Maung
New
Hardback
Bloomsbury Publishing Plc
1998-08-27
320
N/A
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