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The Institute for Ethics and Economic
Policy (IEEP) Fordham University is a renowned
Jesuit institution with over 165-year history of emphasis on ethics. |
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PM sacked, arrested
for corruption. It was reported that 7 MINISTERS SACKED IN A SWEEPING RESHUFFLE TO ROOT OUT
CORRUPTION. In a sudden sweep by the military regime to weed out the endemic
corruption that has apparently embarrassed them, 7 ministers were sacked.
They included the Third Secretary of the State Peace and Development Council
(SPDC)- Lieutenant-General Win Myint, Deputy PM and military affairs
minister- Lieutenant-General Tin Hla, deputy premiers- Rear Admiral Maung
Maung Kin and Lieutenant Tien Tun, Co-operatives Minister Aung San, Culture
Minister Win Sein and Immigration and Manpower Minister Saw Tun. Win Myint
and Tin Hla who were known to be deeply involved in the Myanmar Economic
Holdings and Economic Corporation, and were crucial to the economic workings
of the state, have been given ‘termination notices’, the most severe form of
remonstration of displeasure by the military junta. This sweep by the junta
is seen as a repeat of a similar move in 1997 when four ministers were fired
following accusations of graft against them by foreign investors. (The Daily
Star (
Financial Action Task Force (FATF), international body against money laundering has ADDED this country to its Blacklist.(Wall St. J. June 22, 2001, p. A3).
The Index of Economic Freedom (by Driscoll-Holmes-Kirkpatrick) for 2001 places Burma in the “Repressed” category with a rank of 145 (Ranks range from 1 for Hong Kong to 155 for North Korea, Wall Street Journal, Nov. 1, 2000). H. D. Vinod’s trimmed correlation analysis indicates that countries free from economic regulation are less corrupt. After allowing for some exceptions by 20% trimming, the correlation is near 0.9. |
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Design:
Theo den Brinker |
Copyright:
Hrishikesh D. Vinod 2000 |
Last
Updated: |
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