What is Economic Development & Reform in Burma/Myanmar?
Burma/Myanmar embarked on a path of political and economic reforms in 2011. With a history of over 60 years of military rule, Burma/Myanmar was considered to be outside of the international trade and investment environment, and was burdened by a plethora of international sanctions. With the lack of sufficient infrastructure, an unstable political environment, corruption, drug trade and human trafficking, the country was considered one of the least developed in Asia.
The new government, which took office in March 2011, has started wide economic reforms. The Framework for Economic and Social Reforms has been drafted in order to push the ongoing reforms forward and to accelerate Burma/Myanmar’s greater integration into the international community.
When we are talking about economic development and reform in Burma/Myanmar, we are talking about several interconnected processes. The processes are strongly linked to the aspects of policy and legislative change on a higher level, with the goal of accomplishing substantial economic sustainability on a local level.
The sectors of economic development and reform are outlined in this Resource Guide. There is no universal method to achieve economic development and reform; however this Resource Guide will cover some key areas and sectors of economic reform in Burma/Myanmar. Key themes are outlined and linked to the policy and legislative changes of economic reform, finance, fiscal reform, trade and investment, mining, livestock and fisheries, agriculture, oil and gas. As the country is still considered one of the poorest in the world, the development process is supported by international development organizations and donor support. Thus, the Resource Guide also contains important documents on humanitarian assistance and development cooperation.
Further Introductory Reading
Purpose: Assessment of Burma's reforms.
Content: "Unless foreign direct investment in Burma's war-torn borderlands is refocused towards people-centered development, it is likely to deepen disparity between the region’s most neglected peoples and Burma's new military, business and political elite and exacerbate a decades-long civil war." [Publisher]