ဖော်ပြချက်/အကြောင်းအရာ:
"...The transformation of Burma into a fully institutionalised liberal democracy based
on a market economy will be a multi-faceted process. One aspect of this must be,
however, the creation of a properly functioning financial system. Financial institutions
are integral to economic development. In a market economy they provide the central
coordinating mechanism through which resources are allocated. At best, they do
this in ways that maximise the wealth and welfare of their respective national
economies.
The foundations of a proper functioning financial system are transparency,
accountability and the effective transmission of market signals. Burma?s existing
financial system, unfortunately, possesses few of these virtues. Worse, its principal
financial institutions may be little more than facades for the activity of criminals
and a narco-state.
Reforming Burma?s financial system, in particular the banks that make up its core,
will require the privatisation of its state banks, the legitimisation of its existing
private banks and the opening up of the sector to foreign competitors. Before these
measures can be undertaken, however, fundamental institutional reform will be
necessary. Burma must become an economy and a society ruled by law and not the
whim of generals. The Burmese people must have rights to property in order to
best liberate their latent skills and energy. Financial regulation must adopt practices
that have been demonstrated to work elsewhere. Macroeconomic policy must leave
the irrational world and enter that which reason and history teaches us can achieve
all that governments are able. Burma?s political economy, in short, awaits its
transformation..."
ရင်းမြစ်:
The Burma Fund (Technical Advisory Network of Burma) WP07
Date of Publication:
2002-11-00
Date of entry:
2007-06-10
Grouping:
- Individual Documents
အကြောင်းအရာ/အမျိုးအစား:
Language:
English, Burmese
မှတ်တမ်း:
ပုံစံ:
pdf
အရွယ်အစား:
287.24 KB