U.S.-imposed economic sanctions add to Myanmar's woes

Article Abstract:

The economic sanctions imposed on Myanmar by the US are beginning to take their toll on the country's economy. The sanctions, which were ordered by Pres Clinton in 1997 to signal American displeasure over the suppression of the democratic opposition, have induced many US companies to pull out their investments from Myanmar. The sanctions have also worsened the impact of the Asian crisis on the country. Mismanagement, high inflation and capital restrictions have also persuaded many investors that Myanmar may not be a good investment site despite its steady economic growth in the 1990s.

Administration of General Economic Programs, International economic relations, Intnl Economic Relations, Myanmar, Trade Regulations NEC, United States, Foreign investments, Economic aspects, United States foreign relations, Economic sanctions, Sanctions (International law), Burmese foreign relations, International trade regulation

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U.S. hopes Burma's release of dissident is sign of broader democratic reforms

Article Abstract:

The Clinton administration was elated by the Burmese government's decision to release oppositionist Aung San Suu Kyi from house arrest. However, State Dept. officials were hopeful that Aung's early and unconditional release will encourage the Burmese junta to initiate more extensive political reforms and move toward genuine reconciliation. If the junta moves toward political reform, Burma could expect to see a resumption of economic aid.

Analysis, Political aspects, Political reform

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