Occupying a strategic position at the crossroads of India, China and Thailand, and now in its seventh year of sweeping economic liberalisation and political transition, Myanmar remains one of the fastest-growing economies in South-east Asia. Although recent GDP growth has moderated from the double-digit highs of the early 2000s, it has...
What are the main obstacles to the successful implementation of the Public Finance Management (PFM) Reform Strategy?
Trade and investment has expanded rapidly in Myanmar since 2011, bolstered by economic liberalisation, legal reforms, a large untapped domestic market and a favourable geographic position bordering Bangladesh, China, India, Laos and Thailand, which together comprise 40% of the world’s population. However, several factors are weighing on 2018’s...
From a historical perspective, economic globalisation resulted from growing social productivity, and is a natural outcome of scientific and technological progress, not something created by any individual or country. Economic globalisation has powered global growth and facilitated the movement of goods and capital, advances in science,...
On March 30, 2016 the National League for Democracy (NLD) took over the responsibilities of the government with a clear mandate given by the people in the multi-party general elections held in November 2015. Accordingly, we have a bounden duty to be accountable to the people. The respective ministries at both the union and the state levels...
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