Lagging the pack - the grim realities of Burma

Description: 

n May we illustrated the extent of the challenge (purely in terms of the remorseless arithmetic of growth) that Burma would face in achieving something like Thailand?s current standard of living. To further underscore the urgency of the need for regime change in Burma, we have compiled an assessment of where Burma is situated currently with regard to a wide range of countries and what will be required in terms of growth performance to close the gaps. It is vital to bear in mind that what is presented here represents unavoidable, non-contextual constraints. Increasing per capita income to a multiple of 4, say, in a short time requires, by definition, very high rates of annual growth by historical standards; maintaining low rates of growth must cause the time taken to blow out significantly. With that said, consider the following depiction of Burma?s relative economic position and prospects for catchup and convergence circa 2007.

Source/publisher: 

Burma Economic Watch blog

Date of Publication: 

2008-07-02

Date of entry: 

2008-11-29

Grouping: 

  • Individual Documents

Category: 

Language: 

English

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