Behind Burma?s Economy - An Interview with Zaw Oo

Description: 

"Zaw Oo is one of the directors of the Washington-based think-tank, The Burma Fund. In a written reply to The Irrawaddy, he discussed sanctions and some of the factors behind Burma?s economic uncertainties... Question: For years, experts have warned that Burma?s economy is teetering on collapse and many now expect that tougher sanctions enacted by the US will deliver the final blow. Others say the informal economy and border trade will keep Burma afloat. What is your assessment? Answer: In Burma, we have a sizeable informal economy that parallels the official economy. Sanctions hit the official side of the economy and hit the government hard. Sanctions have a negligible impact on the informal economy, where most Burmese make a living. Therefore, sanctions have damaged some of the government?s main income sources but spared the wider population. Because of the large informal sector, we won?t see the economy collapse in the near term..."

Creator/author: 

Zaw Oo

Source/publisher: 

"The Irrawaddy" Vol. 11, No. 9

Date of Publication: 

2003-11-00

Date of entry: 

2004-01-11

Grouping: 

  • Individual Documents

Category: 

Language: 

English

Format: 

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