Economic and Political Development Case Study 2022

Economic and political
developmentA case study of Myanmar and China

Political and economic reform in
Myanmar
• The case clearly indicated the economic reforms that were witnessed by
Myanmar since the year 2010
• The nation was ruled formerly ruled by military dictatorship since the
year 1960s which critically stagnated the economic capabilities of the
same
• The lack of rail links and roads between Myanmar and the neighboring
countries like China, India and Thailand also affected the rate of growth of
the nation
• After the 2010 elections the government led by Thein Sein aimed at
removing restrictions from the press and allowed opposition parties in
contesting by-elections
• The government abandoned fixed rates for Myanmar’s currency with the
objective of encouraging the fall of the value of Kyat

Political and economic reform in
Myanmar
• The maximization of the exports and inward FDIs would enable Myanmar
in reforming the economic structure of the same
• The economic reforms that were undertaken by Sein through the
privatization of state owned enterprises encouraged the business
developments
• Myanmar’s economic reform might be noted as liberalization and stable
political transition
• the privatization of the different departments would enable the
government in maximizing the engagement of the entrepreneurs through
reduction of stringent policies and tariffs
• The growth of FDIs would enable the nation in developing infrastructural
and technological facilities contributing to the improvements in the rate
of GDP