Tourist information about Burma
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Useful information about Burma
Burma Background
Britain conquered Burma over a period of 62 years (1824-86) and incorporated it into its Indian Empire. Burma was administered as a province of India until 1937 when it became a separate, self-governing colony; independence outside of the Commonwealth was attained in 1948. Gen. NE WIN dominated the government from 1962 to 1988, first as military ruler, then as president, and later as political kingmaker. Despite multiparty elections in 1990 that resulted in the main opposition party winning a decisive victory, the ruling military junta refused to hand over power. Key opposition leader and Nobel Peace Prize recipient AUNG SAN SUU KYI, under house arrest from 1989 to 1995, was again placed under house detention from September 2000 to May 2002; her supporters are routinely harassed or jailed.
Burma Economy
Burma is a resource-rich country that suffers from abject rural poverty. The military regime took steps in the early 1990s to liberalize the economy after decades of failure under the "Burmese Way to Socialism", but those efforts have since stalled. Burma has been unable to achieve monetary or fiscal stability, resulting in an economy that suffers from serious macroeconomic imbalances - including an official exchange rate that overvalues the Burmese kyat by more than 100 times the market rate. In addition, most overseas development assistance ceased after the junta suppressed the democracy movement in 1988 and subsequently ignored the results of the 1990 election. Burma is data poor, and official statistics are often dated and inaccurate. Published estimates of Burma's foreign trade are greatly understated because of the size of the black market and border trade - often estimated to be one to two times the official economy.
