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Burmese Way to Capitalism (AsiaWeek
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Burmese Way to Capitalism (AsiaWeek
Subject : Burmese Way to Capitalism (AsiaWeek
From : drunoo@xxxxxxxxxxxx
Date : Tue, 07 Jan 1997 04:42:00
Subject: Burmese Way to Capitalism (AsiaWeek 17.2.89)
/* Posted 7 Jan 10:00pm 1997 by drunoo@xxxxxxxxxxxx in igc:reg.burma */
/* -----------" The Burmese Way to Capitalism (17/2/89) "----------- */
ASIAWEEK, FEBRUARY 17, 1989. PP-47
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ECONOMIES: The Burmese Way to Capitalism
----------------------------------------
For all the worldwide attention fcused on Burma's explosive social climate
over the past six months, it is the economy, not politics, that has
witnessed real change. Rangoon's military regime has still to deliver
promised civil rights and elections, but new timber and fishing concessions
have been granted, border trade with China has been legalised and a new,
albeit sketchy, foreign investment law has been promulgated. Officials
declare that the resource-rich country is abandoning former strongman Ne
Win's "Burmese Way to Socialism." The new capitalist push, they hope, will
bring a measure of prosperity to a country beset by decades of poverty and
stagnation.
The Trade Ministry's 55-page hand book on business for commercial attaches
and foreign businessmen lists all the state trading organisations. After Ne
Win resigned late last year, the government in Rangoon indicated it was
veering off the strongman's path. In November the words "Socialist
Republic" on the cover of the booklet were crossed out leaving only "Union
of Burma". But inside, the list of government bodies that dominate the
economy remains the same.
Economic development, however, has to take a back seat while important
political issues are resolved -- notably whether and when promised
elections for a civilian government will be held. Nonetheless, Rangoon "
....
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