A Study Of Economic Development Of Burma 1870 1940

This account and analysis of economic development in Burma since 1962 sheds light on the economics of socialism in a very poor inward-looking economy especially after the mid-1970s. The study examines the evolution of development planning, recent macroeconomic developments, and the composition, pattern and direction of foreign trade, including the balance of payments and external debt. It also analyses the principal economic sectors, especially agriculture and industry, and gives a brief assessment of social developments and future prospects.

Bringing together their own intimate knowledge of the country's problems and the possibilities that lie ahead, scholars attempt to analyze the main factors that have stood in the way of Burma's participation in the worldwide surge of economic growth in the second half of the twentieth century, and to devise ways in which the country can overcome these obstacles in the future.