Domestic Resource Mobilization In The Seacen Countries

Much attention has been paid to the increasingly substantial inflows of foreign direct investment into Myanmar since the country opened its doors to overseas investors in late 1988. In addition to bringing capital in the form of cash, such investment has also introduced new technology, training and skills, business and management acumen, as well as various other inputs that Myanmar undoubtedly requires if the country is to develop. However, there is a growing realization that FDI inflows alone will not enable the country to meet the ambitious economic growth targets. As evidenced by the "Asian Tiger" economies, there is also a need for considerable amounts of domestic capital. and in order to attain substantial levels of domestic investment a system of domestic savings "vehicles" -- that the state and industry can harness -- must be developed. Hence, this volume seeks to examine ways in which domestic savings and investment capital can be encouraged and increased. The contributors include not only Myanmar economists and policy-makers but also experts from ASEAN and Japan who share their experiences.

This edition brings up to date a decade of research work developments of the Faculty of Arts and Social Science, National University of Singapore, since the first volume was published in 1985. The state of the respective disciplines covered are reviewed in terms of notable theoretical and conceptual developments, major benchmarks during the past decade, and research lacunae that need to be addressed, as well as their substantive developments and contributions in the Singapore context and possible future directions, resulting in a collection of essays that places the Faculty's studies in an international comparative framework.

Focuses on the state's efforts to industrialize Myanmar, first through direct intervention and planning under a socialist economic framework as interpreted by the state leaders (1948-88) and lately (1989 onwards) through state-managed outward orientation.