Myanmar's two decades of partial transition to a market economy : a negative legacy for the new government
AbstractDespite more than two decades of transition from a centrally planned to a market-oriented economy, Myanmarâ€™s economic transition is still only partly complete. The governmentâ€™s initial strategy for dealing with the swelling deficits of the state economic enterprises (SEEs) was to put them under direct control in order to scrutinize their expenditures. This policy change postponed restructuring and exacerbated the soft budget constraint problem of the SEEs. While the installation of a new government in March 2011 has increased prospects for economic development, sustainable growth still requires full-scale structural reform of the SEEs and institutional infrastructure building. Myanmar can learn from the gradual approaches to economic transition in China and Vietnam, where partial reforms weakened further impetus for reforms.
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Bibliographic InfoPaper provided by Institute of Developing Economies, Japan External Trade Organization(JETRO) in its series IDE Discussion Papers with number 376.
Date of creation: Dec 2012
Date of revision:
Publication status: Published in IDE Discussion Paper. No. 376. 2012.12
Postal: Publication Office, IDE 3-2-2 Wakaba, Mihama-ku, Chiba-shi, Chiba 261-8545 JAPAN
Other versions of this item:
- Koji Kubo, 2013. "Myanmar's two decades of partial transition to a market economy: a negative legacy for the new government," Post-Communist Economies, Taylor & Francis Journals, vol. 25(3), pages 357-370, September.
- H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
- O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
- P21 - Economic Systems - - Socialist Systems and Transition Economies - - - Planning, Coordination, and Reform
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-02-16 (All new papers)
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