Thailand and burma’s

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Thailand and burma’s

  1. 1.  1962, Burma's economy, as its political system, has been under the strict control of the government  The state plays a crucial role in East Asian Model for economic development  Giant Black Market
  2. 2.  the political and economic survival of the military elite in power depends heavily on the informal economy  State Law and Order Restoration Council took power in 1988- Burma has become one of the world’s leading producers of illegal drugs
  3. 3.  Burma is another example of a country rich in resources with a tremendous potential for economic growth, but that lacks the institutions necessary to produce and distribute capital.
  4. 4.  The formal economy and government of Burma survive thanks to the two hundred foreign private firms and UN agencies that finance its projects. Attempts to legalize the informal trade and to open the economy were contemplated in 1988 by the military regime that replaced Ne Win. Still, the ideology of the post-Socialist regimes has been that the economy should be in the hands of the state.
  5. 5.  all major foreign investments and joint ventures are directly formed and controlled by the Ministry of Trade and the Foreign Investment Commission.  As of 1997, State enterprises continued to play a major role on the macroeconomic activity by having monopolistic control of the key sectors of the economy.  economic reforms have only enhanced the control of the military regime over the economy.
  6. 6.  Thailand's inflation rate in 1996 of 5.6 percent dramatically contrasts with Burma's 21.8 percent that same year.  growth of rice production and export  the role of the state in the expansion of rice production was extremely significant
  7. 7.  the government was actively involved in the development of the rice trade. Yet, the results of this intervention are quite controversial.  what separates the state-orchestrated expansion of rice cultivation in Thai from the type of state intervention in Burma is the role that the population plays in the economic process through the production of rice.
  8. 8.  preference for rice cultivation and rural life of the Thai led to a very particular and interesting development in the economic system of Thailand and its elites
  9. 9.  1960 Thailand and Burma took very different economic paths  The role of the ruling elites
  10. 10.  In Thailand, the development of a market economy was a natural and gradual process supported by the elites  However in Burma, the constant changes of regime and corruption of important sectors of the elite in Burma have incapacitated the Burmese leadership to adopt an effective development plan.

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