The Burma-Singapore Axis: Globalizing the Heroin Trade

Description: 

Singapore?s economic linkage with Burma is one of the most vital factors for the survival of Burma?s military regime," says Professor Mya Maung, a Burmese economist based in Boston. This link, he continues, is also central to "the expansion of the heroin trade.") Singapore has achieved the distinction of being the Burmese junta?s number one business partner -both largest trading partner and largest foreign investor. More than half these investments, totaling upwards of $1.3 billion, are in partnership with Burma?s infamous heroin kingpin Lo Hsing Han, who now controls a substantial portion of the world?s opium trade. The close political, economic, and military relationship between the two countries facilitates the weaving of millions of narco-dollars into the legitimate world economy Singapore has also become a major player in Asian commerce. According to Steven Green, llS Ambassador to Singapore, that city-states free market policies have "allowed this small country to develop one of the world?s most successful trading and investment economies." Singapore also has a strong role in the powerful 132-member country World Trade Organization. Indeed, the tiny China Sea island of three and a half million people is known far and wide as the blue chip of the region-a financial trading base and a route for the vast sums of money that flow in and out of Asia.

Creator/author: 

Leslie Kean and Dennis Bernstein

Source/publisher: 

Third World Traveler

Date of Publication: 

1998-00-00

Date of entry: 

2010-09-28

Grouping: 

  • Individual Documents

Category: 

Language: 

English

Format: 

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