Tag Archives | Myanmar Finance, Information and Communications TechnologyEconomicsFinanceGovernance
We’ve all heard the buzz about the potential applications of blockchain technology. But what’s actually happening in developing countries in Asia and the Pacific? Beyond bitcoin payments and remittances, blockchain exists largely in the pilot stage. Governments and banks are collaborating with technology firms to see if it can be used to solve persistent problems like traceability, identification, and trust. Read more.
By Shang-Jin Wei. Posted August 14, 2015
After many decades of driving regional growth, the economy of the People’s Republic of China (PRC) is now slowing down, and this is likely going to have a noticeable effect on the world economy and especially globally integrated economies in developing Asia. Read more.
By Victor Pontines. Posted August 6, 2012
Myanmar’s exchange rate reform is a fundamental change, but it is not unique. A striking parallel can be found in Viet Nam’s move in the late 1980s to unify its multiple exchange rates into a single rate and its corresponding announcement of exchange rate management through a managed float, just as Myanmar is doing now. The experience of Viet Nam in reforming its exchange rate system—both good and bad—offers valuable lessons for Myanmar. The aim of this piece is to try to draw out some of these lessons. The objective is not to recommend that Myanmar should uncritically follow the lessons from the Viet Nam experience, but that the country should adopt these lessons to its own circumstances. Read more.
By David I. Steinberg. Posted February 21, 2012
The remarkable, surprising, and extensive reformist policies of the new Republic of the Union of Myanmar have sparked interest throughout the international community. As one of the world’s last bastions of both relative isolation and new opportunities, Myanmar has recently become a magnet to which many are drawn. Governments, international non-profit organizations, and businesses are exploring what they might do in a state marred by intense poverty but possessing abundant natural resources. With a literate and diverse population and a myriad of business opportunities, Myanmar entices with many diverse possibilities for rapid growth and social equity. Hotels are filling up with tourists who now feel more comfortable going to that once exotic land, and embassies may well expand staffs to handle more foreign assistance. Many more international NGOs will join the fifty or so already there, and those that are well established may increase staffs as needs become more visible and access increases. Read more.
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