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Suu Kyi’s Myanmar Problem: Where’s the Economy?
Tags: Current Focus,
Myanmar's economy shows slower growth in the early period of the Suu Kyi administration. Experts say part of the reason is that the administration has slowed investment in petroleum and mining and pushed it in favor of other areas to diversify the economy. The inexperience of the government is also an issue, as Myanmar needs workplace reforms. The IMF says growth should improve to 7.5% after 6.3% growth in 2016. The government is in office for only about 2 years, and this comes after decades of mismanagement and cronyism under military rule. Another problem is that Suu Kyi is considered a micromanager and is only now delegating matters to experts, some from Australia. In a sign of the sluggish foreign investment the two American companies investing in Burma are Coca Cola and a can making company. The initial enthusiasm for investment has waned.
Aung San Kyi's National League for Democracy in Myanmar's (Burma) 2015 elections
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Myanmar's leaders have opted for a shift in economic relations towards Japan. Japan and China worked with a represssive military regime in China even during the period of repression of Buddhist monasteries and violent suppression of democracy protests. Japanese journalist Nagai was shot and killed by the military regime during that period leaving Japan-Myanmar ties at an historic low. Japan and the U.S. under the Bush adminstration strongly opposed the military regime. Today Myanmar is turning to Japan to rebuild its economy.
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The Washington Post's Lally Weymouth's interview with Aung San Suu Kyi of Burma in November 2015
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Suu Kyi says many nations contributed to the democracy effort in Burma so she would not single out the U.S. for its contribution. She describes 20 years of house arrest as not being so difficult, as it gave her time to read and rest compared to the hectic pace today.
Grouped Articles
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New York Times 11/18/2011
Long Reliant on China, Myanmar Now Turns to Japan for Help
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