The central focus of the book is the state's efforts to industrialize Myanmar, first through direct intervention and planning under a socialist economic framework as interpreted by the state leaders (1948-88) and lately (1989 onwards) through state-managed outward orientation. In examining developments during the 1948-88 period, this study situates the Myanmar case within the developmental state paradigm, whereby a critique of the investment-driven-pathway of Myanmar's political economy under socialist ethos is provided. On the other hand, in examining the post-1988 period, the focus is on drawing attention to continuities regarding the states crucial role, despite attempts to introduce market-conforming policies and practices, in economic development in general and industrialization in particular.