The Effect of Foreign Investment in Burma

Description: 

"Everyone has heard the argument that economic sanctions never work, that the best way to encourage dictators to change their policies is to give them lots of money, then ask them to change, then give them even more money if they refuse. Economic sanctions only hurt the poor, the big investors tell us, while investment dollars "trickle down" from the generals and help everyone. Not only is there no evidence anywhere to support this argument, but in the case of Burma foreign investment directly leads to suffering..." "Even the Wall Street Journal admitted that foreign investment in Burma is wrong, stating "We have argued for commerce and investment where it strengthens civil societies vis-a-vis dictators. But these deals, by putting money directly into SLORC?s pocket, only make a richer prize out of political power. The prospect of vast petrodollars gives the generals yet another reason to cling to office no matter how many bodies of their fellow citizens pile up." There is no argument for raping Burma?s resources and handing money to SLORC, and it is about time investors and their governments started admitting it..."

Creator/author: 

Kevin Heppner (Karen Human Rights Group)

Source/publisher: 

Karen Human Rights Group (KHRG Articles and Papers)

Date of Publication: 

1995-10-01

Date of entry: 

2003-06-03

Grouping: 

  • Individual Documents

Category: 

Language: 

English

Format: 

Size: