Myanmar's two decades of partial transition to a market economy : a negative legacy for the new government
Despite 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.
|Date of creation:||Dec 2012|
|Date of revision:|
|Publication status:||Published in IDE Discussion Paper. No. 376. 2012.12|
|Contact details of provider:|| Postal: |
Web page: http://www.ide.go.jp/
More information through EDIRC
|Order Information:|| Postal: Publication Office, IDE 3-2-2 Wakaba, Mihama-ku, Chiba-shi, Chiba 261-8545 JAPAN|
Web: http://www.ide.go.jp/English/Publish/Order Email:
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Gérard Roland, 2000.
"Transition and Economics: Politics, Markets, and Firms,"
MIT Press Books,
The MIT Press,
edition 1, volume 1, number 0262182033, June.
- Gérard Roland, 2004. "Transition and Economics: Politics, Markets, and Firms," MIT Press Books, The MIT Press, edition 1, volume 1, number 026268148x, June.
- Kubo, Koji, 2010. "Natural Gas Export Revenue, Fiscal Balance and Inflation in Myanmar," IDE Discussion Papers 225, Institute of Developing Economies, Japan External Trade Organization(JETRO).
- Sean TURNELL, 2011. "Fundamentals of Myanmar's Macroeconomy: A Political Economy Perspective," Asian Economic Policy Review, Japan Center for Economic Research, vol. 6(1), pages 136-153, 06.
- Stanley Fischer & Ratna Sahay & Carlos A. VÃ©gh Gramont, 2002.
"Modern Hyper- and High Inflations,"
IMF Working Papers
02/197, International Monetary Fund.
- McMillan, John & Naughton, Barry, 1992. "How to Reform a Planned Economy: Lessons from China," Oxford Review of Economic Policy, Oxford University Press, vol. 8(1), pages 130-43, Spring.
- World Bank, 2002. "Transition, The First Ten Years : Analysis and Lessons for Eastern Europe and the Former Soviet Union," World Bank Publications, The World Bank, number 14042, December.
- Sachs, J.D. & Woo, W.T., 1994. "Structural Factors in the Economic Reforms of China, Eastern Europe and the Former Soviet Union," Papers 94-01, California Davis - Institute of Governmental Affairs.
- Oleh Havrylyshyn, 2001. "Recovery and Growth in Transition: A Decade of Evidence," IMF Staff Papers, Palgrave Macmillan, vol. 48(4), pages 4.
- Masahiro Hori & Yu Ching Wong, 2008. "Efficiency Costs of Myanmarâ€™s Multiple Exchange Rate Regime," IMF Working Papers 08/199, International Monetary Fund.
When requesting a correction, please mention this item's handle: RePEc:jet:dpaper:dpaper376. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Marie Kobayashi)
If references are entirely missing, you can add them using this form.