Trends In Southeast Asia 2019 #06: Military Capitalism In Myanmar: Examining The Origins, Continuities And Evolution Of "Khaki Capital"


by Mccarthy, Gerard

Trends In Southeast Asia 2019 #06: Military Capitalism In Myanmar: Examining The Origins, Continuities And Evolution Of

Price:  US$6.48   (SGD9.00*)
Format:  Paper Back, 39 pages
Published:  2019, Singapore, 1st Edition
ISBN:  9789814843553
SB#:  062506 (150)

About This Book

Military enterprises, ostensibly set up to feed and supply soldiers, were some of the earliest and largest Burmese commercial conglomerates, established in the 1950s. Union Myanmar Economic Holdings Limited (UMEHL) and Myanmar Economic Corporation (MEC) are two profit-seeking military enterprises established by the military after the dissolution of the Burma Socialist Programme Party in 1988, which remain central players in Myanmar's post-2011 economy. Military conglomerates are a major source of off-budget revenue for the military and a main employer of retired soldiers. Yet few veterans receive more than a small piece of the profits from UMEHL. The vast bulk of formal dividends instead disproportionately benefit higher ranking officers and institutions within the Tatmadaw. More balanced civil-military relations, and fairer social outcomes for military personnel, will rely on civilian-led state institutions delivering effective and substantive welfare support beyond the commercially oriented welfare arrangements of military conglomerates.


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