• Short Summary

    BURMESE STRONGMAN, GENERAL NE WIN, CELEBRATED THE COMPLETION OF HIS FIRST FIVE YEARS OF POWER ON MARCH SECOND, STILL FIRMLY IN CONTROL BUT FACING SERIOUS ECONOMIC TROUBLE.

  • Description

    BURMESE STRONGMAN, GENERAL NE WIN, CELEBRATED THE COMPLETION OF HIS FIRST FIVE YEARS OF POWER ON MARCH SECOND, STILL FIRMLY IN CONTROL BUT FACING SERIOUS ECONOMIC TROUBLE.

    FIVE YEARS AGO, THIS DAY, GENERAL NE WIN TOPPLED PREMIER U NU IN A COUP AND CLAPPED HIM IN GAOL AND ONLY LAST YEAR BANISHED HIM FROM THE COUNTRY.

    FOR THE TWENTY-FIVE MILLION BURMESE IT WAS A NATIONAL HOLIDAY.

    BURMA'S SUCCESS IN NON-ALIGNED FOREIGN POLICY HAS NOT BEEN EQUALLED BY HER PERFORMANCE IN THE DOMESTIC SPHERE. SINCE GENERAL NE WIN TOOK OVER THE REINS OF THE GOVERNMENT THERE HAS BEEN A STEADY DECLINE IN BURMA'S ECONOMY.

    ONCE THE BIGGEST SUPPLIER OF RICE TO THE WORLD IT'S NOW LAGGING BEHIND UNITED STATES AND THAILAND. AND THIS YEAR A FURTHER DROP IN THE RICE CROP IS EXPECTED.

    ON BURMA'S ROADS THERE ARE FEW CARS BECAUSE OF THE HIGH PRICES CHARGED BY THE GOVERNMENT CONTROLLED PEOPLE'S SHOPS ON SPARE PARTS.

    THE PEOPLES SHOP, A COLLECTIVE GOVERNMENT SPONSORED ATTEMPT TO TAKE OVER ALL RETAIL TRADE, WAS A DEPRESSING FAILURE AND THE ADMINISTRATION IS NOW GRADUALLY LETTING IN PRIVATE ENTERPRISE AGAIN. MOST PEOPLE AVOID THESE SHOPS AND GO TO THE STREET HAWKER FOR THE GOODS. ALTHOUGH THEY HAVE TO BUY IT ON THE BLACKMARKET, THEY PREFER IT RATHER THAN WAIT FOR MONTHS FOR THEIR GOODS.

    THE PAST FOUR MONTHS HAS SEEN THE EXODUS OF NEARLY TWO HUNDRED THOUSAND INDIAN AND CHINESE BUSINESSMEN FROM THE COUNTRY. THEY HAVE BEEN REFUSED LICENSE TO OPEN UP BUSINESS. GENERAL NE WIN DOESN'T WANT FOREIGN DOMINATION OF THE COUNTRY'S ECONOMY.

    THE BURMESE, ALTHOUGH NOT TRAINED FOR THIS TYPE OF BUSINESS HAVE SET UP SHOPS WITH THE HELP OF THE GOVERNMENT, BUT THEY ARE SERIOUSLY MESSING UP BURMA'S ECONOMY.

  • Tags

  • Data

    Film ID:
    VLVA61KOS319RP5A6GUIE138JM0ZA
    Media URN:
    VLVA61KOS319RP5A6GUIE138JM0ZA
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    06/03/1967
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:12:00
    Time in/Out:
    /
    Canister:
    N/A

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