Burma Economic Watch: 2004 No. 1

Description: 

Purchasing Power Parity (PPP) Estimates for Burma; Burma Bank Update; Economic survey of 'Burmese' working in Thailand: An overview of a BEW project... "First up is an important piece by Wylie Bradford on coming to grips with the perennial difficulties of making comparisons between the economic performance of Burma and other countries. A principal obstacle that researchers face is the question of what common standard to employ ? a difficult decision with respect to any country, but much worse in Burma?s surreal universe of multiple exchange rates. The decision is not a trivial one but, as Wylie demonstrates, is critical in determining outcomes. Sadly, many researchers on Burma pay too little heed to the issue, and their findings suffer as a result. Wylie?s contribution here in BEW provides something of a primer for getting it right. Our second article is written by Sean Turnell, and is concerned with updating his analysis of Burma?s banking crisis of 2003. A devastating if little understood event (not least by Burma?s monetary authorities!), its effects in undermining whatever trust the people of Burma had in formal monetary institutions will have profound implications for the country?s economic development. The need to update the story of the crisis is prompted by a number of developments, including the release of relevant data by the International Monetary Fund, and the growing scandal of recent revelations as to the extent to which leading financial institutions in Burma have been involved in money laundering. Our third article, by Alison Vicary, outlines a major project currently being undertaken by BEW into the contribution of Burmese refugees and migrant workers to the economy of Thailand. The project is an enormous logistical operation that will create a vast database from surveys that are currently in the field across the length and breadth of Thailand. The project is a unique one, and its findings will be reported on in many subsequent issues of BEW..."

Creator/author: 

Wylie Bradford, Sean Turnell, Alison Vicary

Source/publisher: 

Burma Economic Watch

Date of Publication: 

2004-06-00

Date of entry: 

2004-06-03

Grouping: 

  • Individual Documents

Category: 

Language: 

English

Local URL: 

Format: 

pdf

Size: 

612.7 KB