CATEGORY: OBG CEO Surveys
Myanmar’s ongoing transition from authoritarianism to democracy will reach its next milestone in 2020, when general elections will be held in union, state and regional legislatures. The polls will take place almost 10 years after the country began the gradual process of opening its economy to the world and granting democratic freedoms to a population that had lived under military rule for some five decades. After three years of a civilian-led government CEOs of local and international firms are generally positive about the shortterm prospects for growth and expansion, with 69% expressing a favourable opinion of business conditions.
Myanmar’s ongoing transition from authoritarianism to democracy will reach its next milestone in 2020, when general elections will be held for more than 1000 seats in union, state and regional legislatures. The polls will take place almost 10 years after the country embarked on a process of opening its economy to the world and granting democratic freedoms to a population that had lived under military rule for some five decades.
While the National Executive Council under new Prime Minister James Marape may have received a healthy sprinkling of fresh talent, the latest political leaders at the helm find themselves facing some familiar problems as they attempt to steer Papua New Guinea into its next phase of economic development.