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The economy of Myanmar is the seventh largest in Southeast Asia. [6] After the return of civilian rule in 2011, the new government launched large-scale reforms, focused initially on the political system to restore peace and achieve national unity and moving quickly to an economic and social reform program. [7]
Alongside, Myanmar's economy - already weakened following decades of military-dominated rule - has taken a battering, with foreign investment drying up since the coup and Western sanctions taking ...
Myanmar was a rising star in Southeast Asia before its military seized power three years ago in a takeover that has brought civil strife and a tightening vise of international sanctions, undoing ...
Myanmar, once a thriving emerging economy, is struggling to regain momentum as the country’s civil war increasingly disrupts trade and livelihoods. World Bank economists estimate the country's ...
A few days before the coup, the civilian-appointed Union Election Commission had categorically rejected the military's claims of voter fraud, citing the lack of evidence to support the military's claims of 8.6 million irregularities in voter lists across Myanmar's 314 townships. [91] The coup may have been driven by the military's goal to ...
The economic liberalization of Myanmar refers to the policy of liberalization orienting Myanma laws toward an open market economy. This process was initiated following the coup d’état of the Burmese junta in 1988 in order to transform the underperforming Burmese economy .
Myanmar's economy is forecast to grow only 1% in the fiscal year that ends in March, the World Bank says, as conditions deteriorate with an escalation in fighting between the military and its ...
The informal economy's share in Myanmar is one of the biggest in the world and is closely linked to corruption, smuggling and illegal trade activities. [272] [273] In addition, decades of civil war and unrest have contributed to Myanmar's current levels of poverty and lack of economic progress. Myanmar lacks adequate infrastructure.