Myanmar Farmland Gets Closer to Vision as Economic Engine
A field littered with roaring tractors and herds of cows ambling in the distance doesn’t look like the future of Myanmar’s economic reforms.
But as the company behind the Japanese-backed Thilawa Special Economic Zone prepares to issue shares next month-hoping to raise $21.7 million to fund the project-the vision of this rural Yangon suburb as Southeast Asia’s next manufacturing hub is inching closer to realization.
The Chinese wanted Myanmar to view the promises made by Western countries and their allies as a reward for democratic reforms as “just lip service,” said Yun Sun , an expert on Myanmar-China relations at the Stimson Center in Washington, D.C. “But that is not happening, because money is pouring in.”
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