Waiting for an Industrial Revolution

Description: 

"Industry in Burma lags well behind that of its neighbors largely because of double standards, military meddling, and now, stiffer US economic sanctions... Small may be beautiful but it is also vulnerable. And as increased US sanctions on Burma halt imports to American markets, all but the largest private garment factories in Burma are falling like dominoes. On the outskirts of Rangoon, several private garment firms with fewer than 100 employees are shutting down, explains the editor of a business journal in the capital. Signed into law on July 29, America?s severe sanctions will likely eliminate hundreds of thousands of jobs. The ban on imports threatens to cripple Burma?s entire labor-intensive garment industry. Even the big manufacturers are buckling under the weight of US pressure. "We are almost dying. The future for our business looks so bleak," says a South Korean manager from Myanmar Daewoo International in Rangoon, speaking to The Irrawaddy on the condition of anonymity..."

Creator/author: 

Min Zin

Source/publisher: 

"The Irrawaddy" Vol. 11, No 7

Date of Publication: 

2003-09-00

Date of entry: 

2003-11-06

Grouping: 

  • Individual Documents

Category: 

Language: 

English

Format: 

Size: 

Alternate URLs: