Economic Update

Table of Contents

4: Myanmar’s GDP growth and investment: lessons from a historical perspective
Myanmar’s ‘good’ performance from a comparative viewpoint
Reservations about Myanmar’s growth performance
Review of Myanmar’s economic performance using time-series data
Double-digit real GDP growth, 1948–2005
Real GDP growth and the GDI/GDP ratio, 1948–2005
5: Migrant-worker remittances and Burma: an economic analysis of survey results
The importance of remittances
Individual poverty alleviation
Broader concerns: remittances and economic development
Negative aspects of remittances
Remittance channels and instruments
Formal funds-transfer schemes
Informal funds-transfer schemes
Personal delivery
Choosing between formal and informal transfer schemes
Survey findings
Results: amounts sent
Uses for remittances
Methods and instruments
Gender differences
Some conjectures
Remittances and foreign reserves
Remittances and business capital
Remittances and financial development
Impact of the ‘Saffron Revolution’
Concluding thoughts
6: Myanmar’s economic relations with China: who benefits and who pays?
Historical and political background
Trade relations
China as an important but unbalanced trading partner
Exports: weak impacts on the economic development of Chinese trade
Imports: China as a major supply source
Border trade: the main artery of the Myanmar economy
Economic and business cooperation
State-owned economic enterprises
Energy development
Conclusion: who benefits and who pays?