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1 |
ID:
132573
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Publication |
2014.
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Summary/Abstract |
For fifty years Myanmar has been without a properly functioning financial system. This absence has been a significant brake on the efficacy of reform in Myanmar, on foreign investment, and on the ability of Myanmar firms to raise the capital they need to grow and prosper. Since 2011, however, critical but limited reforms have been put in place by Myanmar's new government. These include reforms to Myanmar's exchange rate arrangements, and the granting of a degree of formal autonomy to the country's central bank. Other reforms, pending but not yet implemented, include allowing a role for foreign banks, and making changes to the broader regulatory arrangements that currently greatly constrain the operations of Myanmar's banks. In recent times much progress has been made in creating the financial institutions Myanmar needs to achieve transformational growth, but much remains to be done.
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2 |
ID:
085633
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Summary/Abstract |
The bounty presently accruing to Burma from rising exports of natural gas promises to transform the country's finances. Redeeming this promise, however, will require wholesale reform of Burma's fiscal and financial arrangements. Such reforms are unlikely. This article explores the financial potential of Burma's gas exports, the danger that they could yield a "resources curse," and the extent to which the state's fiscal demands compromise Burma's economic development.
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3 |
ID:
103637
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Publication |
2011.
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Summary/Abstract |
The dominant issue in Myanmar throughout 2010 was the elections finally held on November 7. These were the culmination of the ruling junta's roadmap toward "disciplined democracy" but were neither free nor fair. A major development the same month was the release from house arrest of Daw Aung San Suu Kyi, which drew worldwide attention. Myanmar's economy continued to underperform.
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4 |
ID:
113917
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Publication |
2012.
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Summary/Abstract |
Overall, 2011 was a year of significant change in Myanmar. By year-end, there was hope that political and economic reforms-incomplete and fragile-were at last underway. Myanmar continued to be an important regional exporter of energy and resources, but in other areas underperformed. Myanmar's international relations improved, and U.S. Secretary of State Hillary Clinton visited at the end of November.
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5 |
ID:
108360
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