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The Evolution of Economic Reforms across Myanmar's Administrations

The Evolution of Economic Reforms across Myanmar's Administrations
Author: Winston Set Aung
Publisher: ISEAS-Yusof Ishak Institute
Total Pages: 50
Release: 2024-08-12
Genre: Business & Economics
ISBN: 9815203797

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Myanmar’s economic trajectory has shifted across various governmental regimes, transitioning from socialist to democratic systems and from planned to market economy structures. The economic policies implemented by successive governments often lacked coherence and were characterized by ad hoc measures aimed at short-term solutions rather than addressing underlying issues. Policymakers since 1989 have endeavoured to guide Myanmar towards a market-oriented economy, characterized by what could be termed the “Burmese/Myanmar Way to Market Economy”, which includes significant restrictions and controls. Both the military-backed Union Solidarity Development Party (USDP) and civilian-led National League for Democracy (NLD) administrations made significant efforts to enhance liberalization and strengthen market economic principles, despite multidimensional challenges including inadequate capacities for policy formulation and over-reliance on past domestic experiences rather than international lessons. All these reforms and economic pillars, established through intellect and hard work to ensure liberalization and a market economy, collapsed under the State Administration Council regime following the military coup of 1 February 2021. Effective policy formulation and implementation are pivotal for Myanmar's economic trajectory, and policymakers must navigate historical practices and global standards with discernment, fostering policies that promote transparency, accountability, and inclusivity while adapting to feedback and interconnected economic realities.


Myanmar's External Trade

Myanmar's External Trade
Author: Mya Than
Publisher: Institute of Southeast Asian
Total Pages: 129
Release: 1992
Genre: Business & Economics
ISBN: 9813016132

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The grim state of the Myanmar economy in the second half of the 1980s forced the previous government of the Burma Socialist Programme Party to liberalize its external and internal trade. Since the military coup following political chaos in the later part of 1988, Japan, the European Community and the United States have suspended new economic aid to Myanmar. This has led to the present military government, the State Law and Order Restoration Council (SLORC), to work towards closer cooperation in diplomatic and trade relations with other Southeast Asian countries and to further liberalize its trade sector. This study explores and analyzes Myanmar's external trade and its trade relations with Southeast Asian nations, many of which are members of the Association of Southeast Asian nations (ASEAN), and raises issues and prospects of economic cooperation with neighbouring countries in the region, including the option for active participation in ASEAN.


Myanmar

Myanmar
Author: Asian Development Bank
Publisher: Asian Development Bank
Total Pages: 405
Release: 2014-08-01
Genre: Business & Economics
ISBN: 9292546236

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After 3 years of historic reforms, Myanmar has entered a pivotal stage in its socioeconomic development. Natural, cultural, and demographic advantages are positioning the country for long-term success, but many challenges and potential pitfalls lie ahead. This publication examines how to leverage the opportunities and offers solutions to the challenges. For Myanmar to achieve its economic transition, considerable investments will have to be made in infrastructure and developing human capital, and progress made on building institutional capacity, a regulatory environment for the private sector to flourish, and a modern finance sector. In all reform efforts, the government should embrace good governance, and strive for inclusive, environmentally sustainable, and regionally connected growth. Ensuring that the benefits of growth are shared broadly and regionally balanced stands out in a crowded development agenda.


The Hidden History of Burma: Race, Capitalism, and the Crisis of Democracy in the 21st Century

The Hidden History of Burma: Race, Capitalism, and the Crisis of Democracy in the 21st Century
Author: Thant Myint-U
Publisher: W. W. Norton & Company
Total Pages: 304
Release: 2019-11-12
Genre: History
ISBN: 1324003308

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How did one of the world’s "buzzy hotspots" (Fodor’s 2013) become one of the top ten places to avoid (Fodor’s 2018)? Precariously positioned between China and India, Burma’s population has suffered dictatorship, natural disaster, and the dark legacies of colonial rule. But when decades of military dictatorship finally ended and internationally beloved Nobel laureate Aung San Suu Kyi emerged from long years of house arrest, hopes soared. World leaders such as Barack Obama ushered in waves of international support. Progress seemed inevitable. As historian, former diplomat, and presidential advisor, Thant Myint-U saw the cracks forming. In this insider’s diagnosis of a country at a breaking point, he dissects how a singularly predatory economic system, fast-rising inequality, disintegrating state institutions, the impact of new social media, the rise of China next door, climate change, and deep-seated feelings around race, religion, and national identity all came together to challenge the incipient democracy. Interracial violence soared and a horrific exodus of hundreds of thousands of Rohingya refugees fixed international attention. Myint-U explains how and why this happened, and details an unsettling prognosis for the future. Burma is today a fragile stage for nearly all the world’s problems. Are democracy and an economy that genuinely serves all its people possible in Burma? In clear and urgent prose, Myint-U explores this question—a concern not just for the Burmese but for the rest of the world—warning of the possible collapse of this nation of 55 million while suggesting a fresh agenda for change.


Myanmar: Reintegrating Into The International Community

Myanmar: Reintegrating Into The International Community
Author: Chenyang Li
Publisher: World Scientific
Total Pages: 424
Release: 2016-06-24
Genre: Political Science
ISBN: 9814759929

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Located at the junction of East Asia, South Asia and Southeast Asia, Myanmar is one of the most important countries in the world's geopolitical landscape. Its ongoing political and economic reforms arouse growing concern from the international community, especially great powers like the US, Japan, India and China. Will the demostic reform bring Myanmar back to the international community? How and to which extent does the demostic reform change Myanmar's relations with other countries?This book is based on papers presented at an international conference on Myanmar held at the Institute of Myanmar Studies in Yunnan University, China in 2014. Based on their long-term observation and studies, experts from China, Laos, Myanmar, Germany, Singapore and the US share their opinions on Myanmar's domestic reform and foreign relations, as well as the current situation and future prospect. This book contributes to better understanding of Myanmar in its dramatic political and social transition.


The Business of Transition

The Business of Transition
Author: Melissa Crouch
Publisher: Cambridge University Press
Total Pages: 0
Release: 2019-02-21
Genre: Law
ISBN: 9781108731409

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This interdisciplinary volume offers a timely reflection on law, development and economics through empirical and comparative perspectives on contemporary Myanmar. The book explores the business that takes place in times of major political change through law and development initiatives and foreign investment. The expert contributors to this volume identify the ways in which law reform creates new markets, embodies hopes of social transformation and is animated by economic gain. This book is an invitation to think carefully and critically about the intersection between law, development and economics in times of political transition. The chapters speak to a range of common issues - land rights, access to finance, economic development, the role of law including its potential and its limits, and the intersection between local actors, globalised ideas and the international community. This interdisciplinary book is for students, scholars and practitioners of law and development, Asian studies, political science and international relations.


Economic Development of Myanmar

Economic Development of Myanmar
Author: Myat Thein
Publisher: Institute of Southeast Asian Studies
Total Pages: 305
Release: 2004
Genre: Business & Economics
ISBN: 9812302115

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There are a number of excellent studies by eminent Myanmar economists as well as scholars from abroad covering different post-war periods and/or various aspects of development in Myanmar. What this book does is to bring them altogether, as it were, under one roof by recasting bits and pieces of their work according to the author’s own understanding. In doing so, a holistic approach was adopted in order to have a well-rounded account of developments over the past fifty years or more. In addition, an attempt has also been made to present the major developments at different periods of time between 1948 and 2000 in a simple, but not over simplified, reader-friendly format so as to reach as wide an audience as possible. It is the author’s ardent wish that not only students and policy-makers, but Myanmar people in all walks of life will read the book, discuss it, and work together for a better future.


Myanmar's Growing Regional Role

Myanmar's Growing Regional Role
Author: Mely Caballero Anthony
Publisher:
Total Pages: 101
Release: 2014
Genre: Burma
ISBN:

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Myanmar's recent domestic reforms and improved relations with the United States, European Union, Japan, and the Association of Southeast Asian Nations (ASEAN) have opened the door for Myanmar to be an important regional player. The key--Myanmar's foreign policy development and growing regional role--will not only have an impact on the country's own economic development but also have significant implications for the strength and coherence of ASEAN. As Naypyidaw prepares to serve as the 2014 chair of ASEAN, the time is ripe to find ways to support Myanmar's re-emergence and to deepen understanding of the dynamic that will shape the country's new foreign policy.


Domestic Constraints on South Korean Foreign Policy

Domestic Constraints on South Korean Foreign Policy
Author: Scott A. Snyder
Publisher: Council on Foreign Relations
Total Pages: 106
Release: 2018-01-01
Genre: International relations
ISBN: 0876097336

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These essays support the argument that strong and effective presidential leadership is the most important prerequisite for South Korea to sustain and project its influence abroad. That leadership should be attentive to the need for public consensus and should operate within established legislative mechanisms that ensure public accountability. The underlying structures sustaining South Korea’s foreign policy formation are generally sound; the bigger challenge is to manage domestic politics in ways that promote public confidence about the direction and accountability of presidential leadership in foreign policy.


The Romanian Economic Reform Program

The Romanian Economic Reform Program
Author: Mr.Dimitri G. Demekas
Publisher: International Monetary Fund
Total Pages: 50
Release: 1991-06-15
Genre: Business & Economics
ISBN: 9781557751904

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This paper outlines the main characteristics and the development of the centrally planned economic sysetm in Romania before the beginnings of the transition to a market eonomy it then presents the design, objectives, and implementation of the reform program.