Myanmar Political systemThe Myanmar Political System
POLICY | Myanmar Business Today
7 October was an unprecedented date for Myanmar, when President Obama formally lifted the residual trade and fiscal penalties and acknowledged the success of the move from a military-led paria state to a democracy headed by a civilian-led state. Myanmar's democratization has been cautious for FDI in the first four month of Aung San Suu Kyi's administration, as shown by recent figures.
There are many who believe that Myanmar's accelerating transitions over the past five years have been prompted by a wish to decrease its exposures to China. Myanmar's current chairman Aung San Suu Kyi was appointed to the new Myanmar Kabinett last Tuesday, giving the National League for Democracy (NLD) leadership a official part in the administration that bans her from the state.
As Myanmar's Aung San Suu Kyi recently talked on the air about a crucial encounter after her electoral coup, she referred to conversations with the man who had held her for 15 years. As Myanmar pursues an ongoing liberalization of the economy, the triumph of pro-democracy groups in the Myanmar parliamentary elections on November 8 should restore investors' trust.
Although there are conflicts of a politic and societal nature, there is no way the Myanmar economies will redevelop, said Dr. Zaw Oo, an adviser to President U Thein Sein, at an Econ. com. Myanmar's acid test is called this year. Even more important for Myanmar than the election will be its capacity to establish advanced state structures.
Last weekend Canada's Foreign Minister John Baird opened the new Chancellery of the Islamic Ambassador of Canada in Myanmar's trade capitol Yangon to intensify the commitment to the changing South East Asia people. Myanmar's transformation continues to be delicate despite a number of quick and tragic reform since the election of a civil administration in 2010, as new research by the Mercy Corps is showing.