3 ms·
I suspect the problem for Myanmar is not their past but their future. This link gives some insight into how they are going as a country and it is not flatterin
by jussij 6y ago
I suspect the problem for Myanmar is not their past but their future.
This link gives some insight into how they are going as a country and it is not flattering reading:
http://press-files.anu.edu.au/downloads/press/p102401/mobile/ch04s03.html http://press-files.anu.edu.au/downloads/press/p102401/mobile...
What conclusion can be drawn, then, regarding Myanmar’s growth experience from independence in 1948 up to the end of the 1990s? If we wish to be unkind, we can say that Myanmar is a subsistence agricultural economy, relying on a few commodities, with a pre-industrial economic structure, which has no shock absorbers to cushion the impact of events originating within and outside the country. Natural and human-made disasters, therefore, windfalls from the bounty of nature and commodity booms that resulted from such events as the Korean War largely determined the state of the economy, rather than factors such as the GDI/GDP ratio.
Such unkind views can, however, no longer hold with the official data for Myanmar’s economic performance coming into the new millennium. In biblical times, it was possible for a country’s economy to enjoy seven fat years in a row and then to suffer seven lean years in a row. Not anymore! Global warming, a growing menace, has brought with it climate change that has made weather volatile and erratic. There is no way a country can expect to have seven consecutive years of good harvests in the twenty-first century.
That was written back in 2005 and it looks like their GDP predictions have turned out to be correct with a big drop in their GDP since 2005.
https://tradingeconomics.com/myanmar/gdp-growth-annual https://tradingeconomics.com/myanmar/gdp-growth-annual
- distances 6y agoYour link shows GDP growth, which has been positive every year. So it has not dropped according to this data.
- jussij 6y agoIf you look at the max data for that graph their GDP fell after 2008 and since then it has never returned to those higher levels of GDP. At a glance it looks like their GDP went from around 12% down to 6.5% on average which is about a 50% drop in GDP. It is also represents 12 consecutive years of GDP lower than that last 2008 peak.