Foreign Direct Investment and the Garments Industry in Burma

Description: 

"The coup d'etat by General Ne Win in 1962, and the introduction of the ?Burmese Way to Socialism?, ensured that for almost 30 years foreign direct investment (FDI) in Burma was near enough to non-existent. In 1989, after the uprisings of the previous year and the re-shuffling of the upper military echelons into the reconstituted State Law and Order Restoration Council (SLORC), the door to foreign investment was opened once more. The following attempts to clarify the state of play regarding FDI in Burma. A particular emphasis is placed on the apparel industry, the one area of FDI growth in Burma in recent years. The first section presents an overview of the procedures for foreign investment, highlighting the role of the military regime in garnering resources. The second section briefly examines the data relating to FDI in Burma, highlighting its limitations. The third section provides an overview of FDI, including the recent collapse, the main sectors in receipt of foreign investment, and source countries. Overall, FDI is small in comparison with comparable countries and the prognosis for future investment is poor due to the winding down of certain prominent gas pipeline projects. The fourth section examines Burma's growing exports of apparel, notably to the USA. Due to the unreliable nature of the data surrounding Burma's apparel industry, a brief comparison is made with this industry?s development in Cambodia..."

Source/publisher: 

Burma Economic Watch

Date of Publication: 

2001-06-00

Date of entry: 

2003-06-03

Grouping: 

  • Individual Documents

Category: 

Language: 

English

Local URL: 

Format: 

htm

Size: 

490.69 KB