Since the Feb. 1 coup in Myanmar, what was one of Southeast Asia’s most vibrant economies has collapsed into a state of semi-paralysis amid a surge of urban attacks, conflict in ethnic areas and a growing number of “people’s defence forces” that are targeting facilities and officials of the self-proclaimed State Administration Council.
More than 875 civilians have been killed and at least 6,242 arrested (as of June 23), as the junta tightens surveillance and action against any sign of opposition, particularly among schoolteachers, doctors, other professionals and ordinary workers. The majority of students have not returned to schools for fear of attacks, while COVID-19 testing remains at disturbingly low levels. Joblessness is rising along with poverty levels, and the World Food Programme has warned that as much as half the population may be unable to access adequate food supplies by year end.
Yet, in the main city centres, there is a semblance of “new normal,” as dysfunctional as it is, which has seen the tentative resumption of some trade and reopening of factories. The junta has announced a series of foreign investment projects, mainly initiated by Chinese and some Russian business interests, according to media reports.
Is there any hope for Myanmar’s economy or, as some analysts suggest, is it on a path to total collapse? The junta has been unable to consolidate control over the country. Economists have predicted the economy could contract by an annual 20% or more this year, amid ongoing resistance to the coup, rising inflation and weakening of the kyat currency.
This event will be held in-house, and livestreamed, as some speakers will join on-screen. Come for an in-house view and a mocktail or meal, or follow their Facebook page:
NOTE: Seating is limited to 50 people under social distancing restrictions and booking is essential. Call or email: info@fccthai.com
Joining this discussion are experts including: - Vicky Bowman, Director, Myanmar Centre for Responsible Business - Thompson Chau, Editor-at-large, Frontier Myanmar - Ardeth Thawnghmung, Chair and professor in the Department of Political Science at University of Massachusetts Lowell -Nyantha Maw Lin, Independent Myanmar analyst - Jason Tower, Myanmar country director USIP Moderator: Gwen Robinson, FCCT past president
