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After the military seized power in a coup in 1962, Myanmar became internationally isolated, its economy floundered, and insurgencies grew—which ultimately resulted in the resignation of military ...
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]
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 ...
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 ...
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 ...
Prior to World War II and the Japanese invasion of Burma, oil production stood at 6.5 million barrels annually. [7] After independence in 1948, the oil wells had dried up after decades of British extraction. In 1963, the socialist military government led by Ne Win nationalized the sector, causing decades of economic stagnation. [1]
Myanmar has been plunged into chaos since a military coup in February, 2021 led to the rise of an armed resistance that is now working alongside ethnic minority rebel groups, some of which have ...
Before the war, Singapore has been a major equipment supplier for the junta's weapons factories but had banned the trade of weapons after the coup. After a report by Thomas Andrews, the United Nations' special rapporteur on the human rights situation in Myanmar, revealed that several Singapore-based firms had served as intermediary companies ...