The Institute for Ethics and Economic Policy (IEEP)

 

Fordham University is a renowned Jesuit institution with over 165-year history of emphasis on ethics.

 

To promote Governance with Respect Ethics Accountability and Transparency (GREAT)

 

MYNMAR (BURMA)

 

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Transparency International’s corruption rank for this country in 2000 is absent and means that international investment is discouraged by excessive corruption.

 

PM sacked, arrested for corruption. It was reported that Myanmar’s Prime Minister General Khin Nyunt has been fired and placed under house arrest for alleged corruption.  The premier, number three in the Myanmar leadership, was arrested. Myanmar has been ruled by the military since 1962 and has faced mounting international sanctions from the EU and United States because of the lack of movement in democratic reforms. (Yahoo News (AFP), October 19, 2004, summary by Sherldine Tomlinson).

 

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 (Bangladesh), November 12, 2001, summary by Aruna Balakrishnan).

 

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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Copyright: Hrishikesh D. Vinod 2000
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Last Updated:
February 8, 2007