Myanmar’s Reforms Bring Financial Aid to the Country

As Myanmar moves towards political reform, the country has benefited financially from a $80m grant from the World Bank and a $200m EU aid.
Myanmar has seen massive change since the end of the military regime and the release of Aung San Suu Kyi in 2010. As a reforming country, it has opened itself towards several opportunity of trade. The financial aid will be seen as a sign that the world economy is now more willing to trade with this country. And as the country opens up, more and more foreign investments will pour into Myanmar to stimulate its growth from the backwardness caused by the closed military regime.
With the help of the World Bank and EU, as well as the multinational corporations that are expected to move into the country in the future, the country will soon see its economic status booming. However, this isn’t without its risks. As a newly opened-up country, the economy may be dependant on foreign investments, but if it relies too much on international corporations, there is still the chance that they will experience years of poverty and low wage, dangerous jobs before being able to stand on their own feet.
“World Bank to Lend to Burma for First Time in 25 Years.” BBC News. BBC, 11 Feb. 2012. Web. 03 Nov. 2012. <http://www.bbc.co.uk/news/business-20176841>.

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