Will the coup put the brakes on Burma’s economic growth?

The seizure of power by the military on 1is February, reshuffles the cards in terms of economic development. What will investors who saw Burma as an El Dorado do during the ten years of democratic transition? Will they work with the new junta or withdraw?

For a Burmese investor in the nascent new technology industry, the military coup of February 1 in Burma (Myanmar) brings back memories of a dark past: the atmosphere of fear and repression that reigned in the country under the previous military juntas. A situation he thought he would never see again, he explains to the weekly Nikkei Asia. “I’ve been through some really tough times… but I never imagined it would come to this.”

He tells the newspaper that the companies he works with have been approached by representatives of the new junta. They asked for the names of the employees who had stopped working, a way to identify the participants in the mobilization against the military coup.

We were able to say that a majority of them were teleworking because of the Covid-19, but that does not prevent from having the terrible feeling of suddenly living in a police state. ”

A feeling reinforced, the newspaper explains, by the new restrictions imposed by the junta on freedom of movement – any gathering of more than five people is prohibited – and by the bill on the control of the Internet and the data of the users. A text that has been severely criticized by the main economic players in the country.

A torpedoed growth trajectory

The seizure of power by the military puts a halt to the democratic transition underway for ten years,

[…]

Source

Known as Nikkei Asian Review until September 2020, the magazine Nikkei Asia retains the same editorial line. A rigorous coverage of Asia which underlines the interest of the Japanese group Nikkei on the

[…]

Read more

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.