• Burmese
Sunday, June 22, 2025
No Result
View All Result
NEWSLETTER
The Irrawaddy
16 °c
Falkenstein
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
No Result
View All Result
The Irrawaddy
No Result
View All Result
Home Business

No Easy Way to Improve Myanmar’s Economy, Experts Say

The Irrawaddy by The Irrawaddy
August 14, 2017
in Business
Reading Time: 2 mins read
0 0
A A
The three-day Forum on Myanmar's Democratic Transition kicked off in Naypyitaw on Friday. / Htet Naing Zaw / The Irrawaddy

The three-day Forum on Myanmar's Democratic Transition kicked off in Naypyitaw on Friday. / Htet Naing Zaw / The Irrawaddy

14.9k
VIEWS
Share on FacebookShare on Twitter

NAYPYITAW — The National League for Democracy (NLD)’s economic advisor U Myo Myint blamed a legacy of inept bureaucracy, deep-rooted corruption, military control, and a lack of cooperation among ministries for his party’s poor economic performance.

“The lack of cooperation is a big challenge. As there is no cooperation between the government departments, [the NLD] has not been able to adopt comprehensive plans,” said the economic advisor while discussing the challenges of a shift from a centralized economy to a market economy during the three-day Myanmar Democratic Transition Forum in Naypyitaw on Saturday.

He described the military-drafted 2008 Constitution as the first obstacle in revamping the country’s economy.

RelatedPosts

Karenni Resistance Leaders Vow to Crack Down on Price Gouging as Fuel Crisis Deepens

Karenni Resistance Leaders Vow to Crack Down on Price Gouging as Fuel Crisis Deepens

June 20, 2025
301
China’s Bet on Myanmar Junta Risks Backfiring

China’s Bet on Myanmar Junta Risks Backfiring

June 17, 2025
1.7k
March Quake to Drive 2.5% Drop in Myanmar GDP, Says World Bank

March Quake to Drive 2.5% Drop in Myanmar GDP, Says World Bank

June 13, 2025
445

U Myo Myint listed the reasons behind Myanmar’s stagnant economy: “Armed clashes, drug abuse and trade, declining export values, low productivity in the workforce and low utilization of farmland.”

“The first challenge [to improve] the stagnant economy is the constitution and its limitations—the Tatmadaw takes 25 percent of seats in the parliament and three ministries are under the control of the military,” he added.

Myanmar Army representative to the forum Col Aung Myint Oo said the role of the military could be reduced when there was stability and good economic performance in the country.

He said the country’s economy was an urgent issue for the NLD-led government.

“People’s anger builds up with economic hardship, the explosion of anger is followed by revolution. So, [the government] needs to urgently provide secure livelihoods for people,” said Col Aung Myint Oo.

“Only after that, the government should work to adopt a strategy in cooperation with experts, military and other members of society,” he added.

Another NLD economic advisor U Lay Nyunt admitted the government had not fulfilled the expectations of farmers.

“There is a need for immediate reforms in the agricultural sector. I hate to ask farmers to wait until the agricultural development strategy is adopted. We should not ask them to wait anymore in poverty.”

He suggested amending the 2012 Farmland Law, as well as policies regarding provision of agricultural loans and investment, and taxation.

“I think it is time we made bold changes no matter what the obstacles are,” he said.

He also pointed out the country’s failure to produce animal feed at home.

“We have 26 animal feed processing plants in our country, but only six of them are operating and are not even running at full capacity. This is a big loss for our country,” he criticized.

Most of the experts attending the discussion agreed that the economy remains largely centralized and in need of policies that have a grass-roots impact.

Economist U Thein Swe who served as an executive director in the World Bank said: “We should have a timeframe and plans in place now, we should have plans and goals for the next three years, the next five years.”

Your Thoughts …
Tags: AgricultureDevelopmentEconomyInvestmentNational League for Democracy (NLD)
The Irrawaddy

The Irrawaddy

...

Similar Picks:

General Close to Myanmar Junta Boss Placed Under House Arrest, Interrogated for Corruption
Burma

General Close to Myanmar Junta Boss Placed Under House Arrest, Interrogated for Corruption

by The Irrawaddy
September 14, 2023
28.7k

The arrest of ‘kickback king’ Lt-Gen Moe Myint Tun, once seen as a possible successor to Min Aung Hlaing, comes...

Read moreDetails
Myanmar Junta Arrests Thai Condo Buyers, Realtors as Currency Crashes
Business

Myanmar Junta Arrests Thai Condo Buyers, Realtors as Currency Crashes

by The Irrawaddy
June 4, 2024
27.7k

Monday’s arrests follow reports that Myanmar has become one of Thailand’s most lucrative markets for selling condos since the 2021...

Read moreDetails
Myanmar Junta’s ‘Brainless’ Response to Soaring Gold Prices Leaves Market in Disarray
Analysis

Myanmar Junta’s ‘Brainless’ Response to Soaring Gold Prices Leaves Market in Disarray

by Hein Htoo Zan
June 4, 2024
14.8k

Arrests, corruption, false receipts—the crisis in the gold and currency markets bears all the hallmarks of the junta’s inability to...

Read moreDetails
Power-Drunk Junta Tries Selling Myanmar Beer at Gunpoint
Business

Power-Drunk Junta Tries Selling Myanmar Beer at Gunpoint

by Hein Htoo Zan
September 14, 2023
13.8k

Consumer boycott enters new phase as generals launch armed counter-offensive at shops and pubs in Yangon.

Read moreDetails
Touting Holidays in a Flooded Warzone; Praising Savior China; and More
Junta Watch

Touting Holidays in a Flooded Warzone; Praising Savior China; and More

by The Irrawaddy
October 5, 2024
13.3k

Also this week, the regime launched its pre-election census, and unveiled a flood relief budget dwarfed by military spending as...

Read moreDetails
Planeload of Cronies Accompany Myanmar Junta Boss on Russia Trip
Business

Planeload of Cronies Accompany Myanmar Junta Boss on Russia Trip

by Hein Htoo Zan
March 7, 2025
10.7k

Regime-linked businessmen are set to cash in on deals flowing from the 10 agreements signed between Russia and the Myanmar...

Read moreDetails
Load More
Next Post
NMSP troops organize a gun salute on Mon Revolution Day. / Hintharnee / The Irrawaddy

Myanmar Army Questions NMSP After it Defies Military Parade Ban

Myanmar Army troops arrive in Sittwe on Thursday. / Myanmar Pressphoto Agency

Army Orders Villagers to Stay Out of Rakhine’s Mayu Mountains

No Result
View All Result

Recommended

Trade and Traffic from Thai Border Region Dwindle as Checkpoints Multiply

Trade and Traffic from Thai Border Region Dwindle as Checkpoints Multiply

2 days ago
897
The Lady Myanmar’s Generals Can’t Defeat

The Lady Myanmar’s Generals Can’t Defeat

3 days ago
664

Most Read

  • Myanmar Junta Moves to Seize Sagaing Roads

    Myanmar Junta Moves to Seize Sagaing Roads

    shares
    Share 0 Tweet 0
  • Certifying a Chinese Security Invasion; Boosting Ties With Nuclear North Korea; and More

    shares
    Share 0 Tweet 0
  • Myanmar Junta Changes Election Law Ahead of Polls

    shares
    Share 0 Tweet 0
  • Residents of Myanmar Ruby Hub Speak Out as TNLA Mining Takes Toll

    shares
    Share 0 Tweet 0
  • Trade and Traffic from Thai Border Region Dwindle as Checkpoints Multiply

    shares
    Share 0 Tweet 0

Newsletter

Get The Irrawaddy’s latest news, analyses and opinion pieces on Myanmar in your inbox.

Subscribe here for daily updates.

Contents

  • News
  • Politics
  • War Against the Junta
  • Myanmar’s Crisis & the World
  • Conflicts In Numbers
  • Junta Crony
  • Ethnic Issues
  • Asia
  • World
  • Business
  • Economy
  • Election 2020
  • Elections in History
  • Cartoons
  • Features
  • Opinion
  • Editorial
  • Commentary
  • Guest Column
  • Analysis
  • Letters
  • In Person
  • Interview
  • Profile
  • Dateline
  • Specials
  • Myanmar Diary
  • Women & Gender
  • Places in History
  • On This Day
  • From the Archive
  • Myanmar & COVID-19
  • Intelligence
  • Myanmar-China Watch
  • Lifestyle
  • Travel
  • Food
  • Fashion & Design
  • Videos
  • Photos
  • Photo Essay
  • Donation

About The Irrawaddy

Founded in 1993 by a group of Myanmar journalists living in exile in Thailand, The Irrawaddy is a leading source of reliable news, information, and analysis on Burma/Myanmar and the Southeast Asian region. From its inception, The Irrawaddy has been an independent news media group, unaffiliated with any political party, organization or government. We believe that media must be free and independent and we strive to preserve press freedom.

  • Copyright
  • Code of Ethics
  • Privacy Policy
  • Team
  • About Us
  • Careers
  • Contact
  • Burmese

© 2023 Irrawaddy Publishing Group. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Business
    • Economy
    • Business Roundup
  • Books
  • Donation

© 2023 Irrawaddy Publishing Group. All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.