From Cronyism to Oligarchy? Privatisation and Business Elites in Myanmar
MetadataShow full item record
Privatisation is often contentious yet in Myanmar it has not so much been its merits or drawbacks that have attracted attention as questions around implementation. In Myanmar, the implementation of privatisation has broad significance for the political economy. A first phase of privatisation was focused on small and medium-sized enterprises and did not have a significant economic impact. A second phase, commenced in 2008, consolidated the interests of a business elite with personal connections to the military regime. The impact of this second phase of privatisation was such that some elements of this elite strengthened to the extent that they no longer relied entirely on patronage, creating opportunities for diversification in their strategies of wealth creation and defence. For this reason, it is argued, the wealthiest strata of Myanmar’s business elite is now best conceived as not simply consisting of cronies but rather as a nascent form of oligarchy. In theoretical terms, this suggests that greater attention to the qualitative difference between cronyism and oligarchy is warranted, as is close study of processes – like privatisation and political reform – that enable or require a wider range of strategies of wealth defence.
Showing items related by title, author, creator and subject.
Oliver, Bobbie (2014)Falling membership numbers and declining union density are issues of concern for many Australian unions. Australian Bureau of Statistics figures show that between 2005 and 2008, trade union membership declined from 22.4% ...
Hip adduction and abduction strength profiles in elite, sub-elite and amateur Australian footballersPrendergast, N.; Hopper, D.; Finucane, M.; Grisbrook, Tiffany (2015)© 2015 Sports Medicine Australia. Objectives: It has been reported that obtaining an adduction-to-abduction strength ratio of 90-100%, and an adduction strength equal to that of the uninjured side, are suitable clinical ...
Long, Q.; Wu, Changzhi; Wang, X.; Jiang, L.; Li, J. (2015)© 2015 Qiang Long et al. Multiobjective genetic algorithm (MOGA) is a direct search method for multiobjective optimization problems. It is based on the process of the genetic algorithm; the population-based property of ...