Economy and History of Conflict in Myanmar Essay - 867 Words

Myanmar’s GDP in 1990 was 5.2 billion dollars and had per capita GDP of $123; these numbers took inflation account. It is widely accepted that the modern history of Myanmar in 1948 when the country gained independence from Britain. During this period, many scholars were initially optimistic of the potential for rapid economic development in Myanmar because of â€Å"its abundant natural resources, a relatively high literacy rate, absence of population pressure and a rigid caste system, and a relatively high social status given to women in the society† (Than and Tan 1990:1). However, political instability following independence had led to the collapse of the Burmese economy in the mid-1980s. The GDP growth rate of 5.5 percent from 1985 to 1986†¦show more content†¦Easterly argues â€Å"ethnic diversity has a more adverse effect on economic policy and growth when institutions are poor† (2001:703). In addition, more than 100 languages are spoken in Myanmar, ranging from the Tibetan-Burmese language to Hmong-Mien groups (). This is due Myanmar’s geographic position, which has resulted in the country attracting settlers from many different backgrounds throughout its long history. On top of the ethnic and language diversity, these various ethnic groups are religiously differentiated: some of the minorities share Buddhism with the Burmese majority, but there are also substantial communities of Muslims, Hindus, Christians and animists (). Since independence, Myanmar was in a constant state of political turmoil and the government failed to provide policies that Make an argument for why your country’s economic growth rate was as high or low as it was during these two decades. Walter Galenson argued â€Å"the more democratic a government is, the greater the diversion of resources from investment to consumption† (1959: 388). Development economists like Przeworski further support this arguments and view that democracy is inimical to economic development because democratic institutions can better allocate resources and encourage investment by protecting private property rights (Przeworkski et al. 2004: 407). The GDP data of Myanmar in 1990 and 2010 provides an empirical evidence toShow MoreRelatedThe Republic Of Union Of Myanmar1613 Words   |  7 PagesThe Republic of Union of Myanmar, but formally known as Burma, is the largest country in mainland South-East Asia by area. It borders with China to the east and India to the north. It stands exactly midway between Delhi and Bombay and Shanghai and Hong Kong. It is the missing link. It is also an unlikely twenty first century nexus. 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