At the beginning of the twentieth century, Burma was among the most prosperous territories in the East. Yet since gaining independence in 1948, its economy has struggled. Burma's developmental failure has often been attributed to gross mismanagement of the economy by the military who took power in 1962 but in this illuminating book, Ian Brown, one of the leading economic historians of Southeast Asia, provides a fresh examination of the country's economic past, thereby setting that failure in the context of the colonial period. For the first time, a review of Burma's economic experience in the final decades of British rule is integrated with an analysis of its economy since independence, providing a detailed understanding of the complex origins of Burma's economic failure in the second half of the twentieth century. This is a compelling introduction to Burma's political and economic history for students in Southeast Asian history, development studies and political science.

The book challenges the orthodox argument that rural populations which abandoned self-sufficiency to become single commodity producers, and were supposedly very vulnerable to the commodity price collapse of the 1930s Depression, did not suffer as much as has been supposed. It shows how the effects of the depression were complicated, varying between regions, between different kinds of economic actors, and over time, and shows how the 'victims' of the depression were not passive, working imaginatively to mitigate their circumstances.