economic mystery (r)

[eyars@xxxxxxxxxxx]

RESCUE  or  MANPULATING?
hehehehehehehe..... :))))))))
just kidding!!!



>From: "Sue Huang" <susuhuang@xxxxxxxxxxx>
>To: darnott@xxxxxxxxxxx, burmanet-l@xxxxxxx, strider@xxxxxxx,        
>free-burma@xxxxxxxxxxxxxxxxxxxxx, burmanet2-l@xxxxxxxx,        
>MAYKHA-L@xxxxxxxxxxxxxxxxxxxx, myanmar@xxxxxxxxxxx,        
>burma-open-forum-list@xxxxxxx, ocelle@xxxxxxxxxx
>Subject: Re: economic mystery
>Date: Tue, 12 Oct 1999 22:32:57 GMT
>
>>From: David Arnott <darnott@xxxxxxxxxxx>
>>
>>DAVID ARNOTT'S REQUEST:
>>
>>Could someone with more economic analytical skills than I have, explain to
>>us how it is possible for a country to regularly export about twice what 
>>it
>>imports.
>
>dear david! susu to rescue!
>
>if you look at figures again i think you see that imports are twice 
>exports,
>not other way! ok, so how can that happen? easy! called trade deficit! big
>question is, need hard currency earnings (from exports) to pay for imports.
>so where does money come from? easy in normal country: loan and reserves.
>
>ok, now gets interesting. burma does not get loan from world bank, adb, 
>etc,
>right? and hard currency reserves mostly gone, right? so - BIG MYSTERY!
>maybe from UNOFFICIAL sources? susu says YES! or MAYBE YES! nobody know. 
>BUT
>- big illegal gem exports, teak exports, drug exports, etc etc because spdc
>does not have trade apparatus, so black market. HUGE i tell you. also
>commerce ministry still very corrupt, even though tun kyi (big crook)
>removed from job in 1997. BUT - people with export income now in very 
>strong
>position! watch carefully!
>
>also possible: imports from china! biggest trading partner! china says, "ok
>do not pay now, pay later or do us favor!" so, import numbers INFLATED! get
>value of goods but no need to pay cash! uh oh, even i am part chinese and i
>worry!!
>
>ok. welcome to burma economy, big mystery.
>
>love from, susu who has no money herself!
>
>>
>>Year		Total exports 		Total imports		Exports as % of total trade
>>                         (million Kyat)		(million Kyat
>>1993/94    	4,227.8  		7,923.3 			34.794
>>1994/95  	5,405.2 		8,332.3				39.339
>>1995/96  	5,032.7 		10,301.6			32.819
>>1996/97  	5,487.7 		11,778.8 			31.786
>>1997/98  	6,290.0 		13,860.2			31.220
>>
>
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