Burma

(Union of Myanmar)

Burmese flag

Traditionally one of Asia’s wealthiest countries, Burma has badly suffered from economic mismanagement and internal conflict for over half a century, which has made it one of the world’s poorest states.

Although it officially abandoned its isolationist economic policies in the late 1980s, the country continues to be spurned by most members of the international business community, who are justifiably concerned about the country's human rights record.

The EU, USA and other Western countries imposed sanctions on Burma in the mid 1990s, prohibiting financial and other economic transactions with the country, which mostly remain in place to date. The principal reason for this was political repression in the wake of elections in 1990, when the National League of Democracy (NLD) headed by Aung San Suu Kyi won a clear majority of seats, which was not recognised by the military junta.

In a bid to gain greater international legitimacy, the country held elections on 7 November 2010, but these were boycotted by the NLD, and the incumbent civilian government is widely seen as a puppet to the military.

Rich in natural resources, including oil, gas, gemstones, and other minerals, it attracts investment principally from China, Thailand, Singapore and most recently India.

 

Population: c. 54,000,000
Capital City: Naypyidaw (created in 2006), formerly Rangoon (Yangon)
Government: Military Dictatorship
Languages: Burmese (official), Chinese, other (Karen, Shan, other minorities)
GDP per capita (PPP): $1,400
Growth Rate Fluctuation Range: -2%-6%

 

Contact Us

Phone usEmail us

Tel: +44 (0)1634 820799

Follow Us

Linked In Twitter RSS feed

Market Development

Go East Explorer

Go East Venturer