Burma?s April Fools

Description: 

Are the official economic figures just a bad joke?... "It?s Official. Burma has the fastest growing economy in the world. Statistics released by the country?s Central Statistical Office, and reported in the New Light of Myanmar on April 3, reveal that Burma enjoyed an average rate of economic growth over the last four years (the first four years of the current five year plan) of 12.4 percent. Burma?s performance leaves famous growth laggards such as China (annual growth of ‘only? about 8 percent) in its wake. As for the former Asian ‘tigers? and rich industrial countries—well, ‘mediocre? is about the best that can be said of their relative performances. Such growth is also a significant historical achievement. Previous five year plans yielded official economic growth in Burma of 7.5 percent (1992-1996) and 8.5 percent (1997-2001). Not bad, but the upward trend must surely be proof that the SPDC [State Peace and Development Council] is growing in the job of running the country. Certainly Burma?s (current) Prime Minister, Lt-Gen Soe Win, is confident enough to discard his previous growth estimate for 2005-2006 of 11.3 percent, for the more bullish mark of 12.6 percent. Let the good times roll. Of course, observers of Burma and its economy will know that the country begins its financial year on April 1. In many cultures this date is reserved for the playing of pranks and practical jokes. Suddenly a possibility emerges—are these latest reports of Burma?s phenomenal economic growth simply an elaborate April fool?s joke? A device, perhaps, to bring a smile to the weary faces of the Burmese people from a regime that is, at heart, just a bunch of loveable tricksters?..."

Creator/author: 

Sean Turnell

Source/publisher: 

"The Irrawaddy" Vol. 13, No. 5

Date of Publication: 

2005-05-00

Date of entry: 

2006-04-27

Grouping: 

  • Individual Documents

Category: 

Language: 

English

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