By Myat Thein
There are many first-class experiences by means of eminent Myanmar economists in addition to students from in another country masking diversified post-war classes and/or a number of features of improvement in Myanmar. What this publication does is to deliver them altogether, because it have been, less than one roof through recasting bits and items in their paintings based on the author’s personal figuring out. In doing so, a holistic procedure was once followed which will have a well-rounded account of advancements during the last fifty years or extra. moreover, an try has additionally been made to give the main advancements at assorted sessions of time among 1948 and 2000 in an easy, yet now not over simplified, reader-friendly structure which will achieve as large an viewers as attainable. it's the author’s ardent want that not just scholars and policy-makers, yet Myanmar humans in all walks of existence will learn the booklet, speak about it, and interact for a greater destiny.
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Sample text
Partly for this reason but more generally because of inefficient, muddled, and corrupt government and administration, even the joint ventures did not prove very successful in restoring production to pre-war levels. Spasmodic attempts were made to start new industries in the public sector — a jute mill, a cement factory, and a sugar factory were the most notable accomplishments — but by and large these did little to industrialize the country. Hardly any new large-scale industry, either public or private, was initiated.
0 per cent. This figure compares quite favourably with most other Asian countries at the time. However, according to Dr Mali, the increase in the standard of living had not been shared by all because of the inequitable distribution of increased wealth. According to him, the situation was further aggravated by inflation, and for certain sections of the population such as the agriculturists (for whom the price of paddy is fixed) and other fixed income groups, the standard of living deteriorated. The conclusion is debatable and may have been slightly overstated.
3 (100%) Total Source: Second Four-Year Plan for the Union of Burma, 1961/62 to 1964/65 (1961). Board in 1947, then the Economic Council in 1949/50, then an Economic and Social Board in 1951/52, and so on. Moreover, while the direct assumption by the Prime Minister of the responsibility for plan implementation may have centralized authority, it has also caused planning to slow down as he also has other important matters to attend to (U Thet Tun 1960). To sum up at this point, the outbreak of insurrections in 1948, which continued in a serious way up until 1951, did slow down the growth of GDP.