Stunted and Distorted Industrialization in Myanmar

Toshihiro Kudo

No 38, IDE Discussion Papers from Institute of Developing Economies, Japan External Trade Organization(JETRO)

Abstract: More than 15 years have passed since Myanmar embarked on its transition from a centrally planned economy to a market-oriented one. The purpose of this paper is to provide a bird-eye's view of industrial changes from the 1990s up to 2005. The industrial sector showed a preliminary development in the first half of the 1990s due to an "open door" policy and liberalization measures. However, a brief period of growth failed to effect any changes in the economic fundamentals. The industrial sector still suffers from poor power supplies, limited access to imported raw materials and machinery, exchange rate instability, limited credit, and frequent changes of government regulation. Public ownership is still high in key infrastructure sectors, and has failed to provide sufficient services to private industries. What the government must do first is to get the fundamentals right.

Keywords: Myanmar (Burma); Transitional economy; Industry; Industrialization; Industrial policy; Transition to market economy; ミャンマー; 工業化; 産業政策; 市場経済化 (search for similar items in EconPapers)
JEL-codes: L60 O14 P20 (search for similar items in EconPapers)
Date: 2005-10-01
New Economics Papers: this item is included in nep-his and nep-sea
References: View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Published in IDE Discussion Paper = IDE Discussion Paper, No. 38. 2005-10-01

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