Sunday, April 1, 2012

Economy shifts with recent elections in Myanmar

This article discusses the political and economic implications of the recent elections in Myanmar. Aung San Suu Kyi of the NLD was previously under house arrest and barred from running for political office. Now, it appears she will receive a parliamentary seat with the most recent elections. The article says there could be a variety of economic consequences, including Europeans lifting sanctions, foreign investors returning and the government floating the currency. The article goes on to suggest that the agreements made between Suu Kyi and the current president will have an effect on the political and economic situation of the country. 

I think it's important to realize that the election of Suu Kyi to office could overshadow economic measures of the government such as floating the currency. Her case, while absolutely important and a long-time coming, has risen to such a degree that other political and economic issues may be downplayed as a result. This could have either negative or postive implications for the economy, depending on what the outside world decides to do with the reforms in Myanmar.

1 comment:

Sijia He said...

I believe this is true. Aung San Suu Kyi is a great female leader with special personality charm. Her European experience and connection should attract more business cooperation opportunities once she got the top position.
Other than that, i believe her figure and spirit even could some more social reform inside Myanmar. The status of women, equal education chances should attract more attention from people.