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...
Considered to be the last frontier market in Southeast Asia, Myanmar remains focused on creating the right set of conditions to attract and facilitate foreign investment to spur economic development. Following decades of military rule that maintained a socialist and centrally planned economic model, cutting off access to the world’s financial...
What contributed to the slowdown of the economy, and how can the government stimulate growth?
Hailed by Chinese President Xi Jinping as “the project of the century”, the Belt and Road Initiative (BRI) promises to radically transform a vast swathe of the world’s trade and transport infrastructure. In doing so, it may also transform the way Asia does business with the world, and the way the world does business with Asia.
Building on positive performance in recent years, Myanmar’s economy is set to continue gaining momentum in the near and medium term, despite concerns over the slow pace of economic reforms and social unrest in Rakhine State. The economy is expected to grow by 6.7% in FY 2017/18, which ends in March 2018, according to an IMF forecast released...
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