2013/08/16 by Kōji Kubo · 1 citation
Social Sciences · Economics, Econometrics and Finance · #Asian Geopolitics and Ethnography #International Development and Aid #Global trade and economics #Government (linguistics) #Transition (genetics) #Economic system #Political science #Economics #Business #Philosophy
paper · doi:10.1080/14631377.2013.813141
openalex publication_date 2013/08/16 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/29
Despite more than two decades of transition from a centrally planned to a market-oriented economy, Myanmar's economic transition is still only partly complete. The government's initial strategy for dealing with the swelling deficits of the state economic enterprises (SEEs) was to put them under direct control in order to scrutinise their expenditure. This policy change postponed restructuring and exacerbated the soft budget constraint problem of the SEEs. While the installation of a new government in March 2011 has increased prospects for economic development, sustainable growth still requires full-scale structural reform of the SEEs and institutional infrastructure building. Myanmar can learn from the gradual approaches to economic transition in China and Vietnam, where partial reforms weakened further impetus for reforms.