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.
-snip-
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.”
To read the full story, click here.