The Burma Road to Capitalism: Economic Growth versus Democracy

The Burma Road to Capitalism: Economic Growth versus Democracy

by Mya Maung
The Burma Road to Capitalism: Economic Growth versus Democracy

The Burma Road to Capitalism: Economic Growth versus Democracy

by Mya Maung

Hardcover

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Overview

In light of recent debates and studies on what political scientists call developmental authoritarianism and what some economists consider the East Asian model of economic growth, this book analyzes and evaluates Burma's economic performance under military management. It considers the relationship between democracy and economic growth, especially the thesis advanced by Asian authoritarian leaders that sociopolitical stability and discipline must be established as a prerequisite to economic development. Based upon empirical and historical facts, the book shows that the present military regime's denial of democracy to the people and its ostentatious economic reforms have not promoted real economic growth and human development in Burma.

That regime, the State Law and Order Restoration Council (SLORC), consists of poorly educated power-driven rulers. The book underscores that Burma's lack of economic development, despite its rich natural resources, lies in the regime's misuse of both human capital and those natural resources. They have depressed the country's social capability for past, present, and future economic development.


Product Details

ISBN-13: 9780275962166
Publisher: Bloomsbury Academic
Publication date: 08/27/1998
Pages: 320
Product dimensions: 6.14(w) x 9.21(h) x 0.75(d)

About the Author

MYA MAUNG is Professor of Finance in the Wallace E. Carroll School of Management at Boston College. He has done extensive empirical research and written several articles on Burma and other developing countries. He is the author of The Burma Road to Poverty (Praeger, 1991) and Totalitarianism in Burma: Prospects for Economic Development (1992).

Table of Contents

Preface
Introduction
Democracy, Economic Growth, and Asian Values
Stability and Discipline in Burma under Military Rule
The Nature and Performance of the Open-Door, Market-Oriented Economy of Burma
Inflation, Monetary and Fiscal Policies
The Economic Plight of Urban and Rural Population
The Performance of the External Sector: Foreign Trade and Foreign Direct Investment
Burma-China Border Trade
Human Development of Burma under Military Rule: Education, Health, and Welfare
Conclusion
Bibliography
Index

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