In Infancy, but Burma Starting Rise in Trade

Increasing evidence exists that the long economic isolation of Burma slowly is coming to an end. The United States has joined with most of the nations of Asia and Europe in reducing or eliminating the ban on imports from that nation.

The government of Burma continues its cautious path of reform and, thus far, the opposition leaders that have been behind Aung San Suu Kyi continue to assert that there has been progress. There is still a long way to go, but the pariah status has started to ebb.

Burma is at least three decades behind the rest of the region, but the opening that has taken place thus far is exposing the potential that exists in this country. In many respects, Burma has more to offer in the way of raw materials than its neighbors, even if the economy is primitive. And, if the country opens up further, there may be opportunities for low-cost manufacturing—a fact that has already attracted a lot of interest from China.

-Chris Kuehl, PhD, NACM economist

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