Stiglitz Advises Regime to Use Oil and Gas Revenues Wisely

Description: 

"Nobel Economics Laureate Joesph Stiglitz has told a forum in the Burmese capital, Naypyidaw, that revenues from oil and gas, if well used, could open up a new era for the country. If not well used, valuable opportunities would be squandered, Stiglitz told the forum on ?Restoring Burma as the Rice Bowl of Asia.” The forum on Monday was organized by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and Burma's Ministry of Agriculture and Irrigation and Ministry of National Planning and Economic Development. A UN press release said the former World Bank chief emphasized the inseparable nature of economics and politics. Before his visit, some analysts questioned the wisdom of giving economic advice to military generals who had a bad reputation for ignoring the input of experts. For Burma to take a role on the world stage and to achieve true stability and security, there must be widespread participation and inclusive processes, Stiglitz said..."

Creator/author: 

Ba Kaung

Source/publisher: 

IRROL

Date of Publication: 

2009-12-17

Date of entry: 

2010-01-01

Grouping: 

  • Individual Documents

Category: 

Language: 

English

Local URL: 

Format: 

pdf

Size: 

57.96 KB