Reading Development

Random readings on society, politics and change – Jorge Carrillo

Think Again: Burma’s Economy

Jared Bessinger – Burma is open for business, and foreign investors are champing at the bit. Time for a reality check.

That the current economic reform program will bring broad-based development is the greatest myth of them all. The reforms to date are a mixed bag, with positive ones such as currency liberalization mixed with poorly designed moves like the new land laws. Reforms of limited benefit for broad-based development, such as the new laws on foreign direct investment or Special Economic Zones (SEZ), are crowding out debate on more important issues.

Burma’s leaders have yet to adequately address the most pressing concern for the countryside, which is that most farmers, in this overwhelmingly rural country, can’t make money farming.

[Via Foreign Policy]

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This entry was posted on Thursday, 1 November 2012 by in Poverty and inequality and tagged , .
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