MYANMAR

By Upendranadh Choragudi

Mizzima-June 16

As the ‘last frontier’, the messianic agenda of growth, development and uplifting the people of Myanmar has been taken up vigorously by the so-called development establishment (WB, ADB, donors) since 2011 with reforms set in motion by the quasi civilian government. Seizing the opportunity of the opening up of the country, they were seen as aiding this process of reform through policy advice, resource and technical support.  Easing of sanctions by the western countries has also led to greater expectation of integration of Myanmar into the world systems of production and trade.  The so-called neo-liberal agenda (or market supremacy) consisting of export-led growth, focus on foreign investment, privatization of public sector, liberalization of land, labor and credit policies, strict adherence to inflation and deficit targets and less government were seen as prescriptions that propel Myanmar into higher orbits of growth. This appears to have worked for some time, though there were medium term elements of stress on the economy.

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First published in: Mizzima