Jan 5, 2014

Check: Economist on Myanmar's economy reality

Myanmar’s economy: Reality check | The Economist

THE most recent edition of the World Bank’s annual “Doing Business” report is a sobering read for Myanmar.... Yet the results show that it is still among the very worst countries in the world to do business.

David Dapice, an economist at Harvard University, argues that the “statistical net” is so poor that it is almost impossible to know what the real growth rate is, and that it is probably below the official figure. “There is no systemic falsification,” he says, as in the bad old days of the junta, “but a lot of underreporting.” Large pinches of salt are needed to season the diet of good news that still tends to emanate from Naypyidaw, the gaudy capital built by the generals.


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