Myanmar economy has been among the least developed in the world after suffering decades of stagnation due to isolation and mismanagement. One of the most prevalent conditions that have prevented the growth of the country from successful economic development has been the lack of industrial development. The main cause of stagnation in economic development has been the centrally managed economy. The centrally managed economy was an inward looking system of government where all projects were led by the government. Rapid industrialization is an agent of change and rapid economic growth in the current modern world (Kudo). This has been ...
Essays on Managed Economy
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