A Brief History of Myanmar in Southeast Asia
By Timothy Sexton, published Oct 09, 2007
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As with most third-world countries, Burma experienced a fair share of political instability in the years between World War II and its current state as one of the most repressive military dictatorships in the world. The name of the country was officially changed to the Union of Myanmar in 1989. Despite having rich deposits of mineral resources that could be wildly exploited for profit-everything from silver to tungsten-Myanmar's economy is based mostly on agriculture. The harvesting of rice, rubber and several hardwoods account for the bulk of Myanmar's GDP. In addition, Myanmar is a vital part of the so-called Golden Triangle that includes Laos and Thailand. The Golden Triangle references the quite successful opium trade. It is not just the illegal opium industry that is the center for a thriving black market in Myanmar, however. Most of the country's industries and factories are owned and operated by the state. Both bureaucratic red tape and corruption has been the mainstay, however, so even though Myanmar has the potential to produce enough food for everybody, the black market is rife with the trade of consumer goods as well as illegal drugs.
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Posted on 10/14/2007 at 9:10:00 PM