Myanmar and nine other South-east Asian countries are preparing to ring in the formal birth of the ASEAN Economic Community (AEC) on December 31, 2015, but they are not preparing to celebrate. Instead, they are engaging in a collective soul-searching exercise. At the November 2014 ASEAN summit in Naypyidaw, the crowning event of Myanmar’s...
Myanmar is in the midst of a historic transformation of both its public sector and fiscal policy towards international norms. The country traditionally had a very small civilian government and many large state enterprises, all overseen by a politically and commercially powerful military. State enterprises have traditionally accounted for most public revenues, while...
Myanmar and nine other South-east Asian countries are preparing to ring in the formal birth of the ASEAN Economic Community (AEC) on December 31, 2015, but they are not preparing to celebrate. Instead, they are engaging in a collective soul-searching exercise. At the November 2014 ASEAN summit in Naypyidaw, the crowning event of Myanmar’s chairmanship of the bloc in 2014...
As Myanmar has changed course since 2010 and pursued political and economic reforms, Japan is the country that has responded most enthusiastically, both to offer assistance and to take advantage of emerging investment opportunities. Although Japan is not seeking to be the monolithic major partner that China was to Myanmar while it was under international sanctions, the...
After spending decades as one of the most isolated and least-developed countries in Asia, Myanmar is emerging as one of the world’s fastest-growing economies. Since a historic reform process began in 2010, foreign investment has been pouring in, driving annual growth to more than 8%, according to IMF estimates. Investment inflows and growing exports have also helped...
Two things are clear about Myanmar’s international trade: it is growing, and fast. By just how much is less certain – sources vary widely in their estimates, and even the best data available have obvious holes.
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