DAVID PRATT ON THE WORLD: It s time for rough trading, Myanmar style heraldscotland.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heraldscotland.com Daily Mail and Mail on Sunday newspapers.
Can Sanctions Work in Myanmar?
Sanctions and mass boycotts have hurt the junta and driven investors away. Could stronger steps actually bring about regime change?
May 21, 2021
Anti-coup protesters flash the three-finger salute during a demonstration in Yangon, Myanmar, Friday, May 14, 2021.
Credit: AP Photo
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More than 100 days after the February coup in Myanmar, and with no sign of action from a divided U.N. Security Council, international sanctions and boycott campaigns have assumed an ever greater importance in denying any legitimacy to the new military junta.
Western governments responding to global outrage at the mounting bloodshed have expanded sanctions to target the vast labyrinth of the Myanmar military’s economic assets, which are based on two conglomerates: Myanmar Economic Holdings Limited (MEHL) and Myanmar Economic Corporation (MEC).
Myanmar’s Generals Aren’t Going Anywhere
As sanctions are reimposed, the country’s old business elite is slowly clawing back the ground lost during a decade of reform.
By
May 03, 2021
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Even with swelling protests and mounting international pressure, Myanmar’s new military junta isn’t going anywhere. The generals that seized power on February 1 are from the same group that ruled Myanmar between 1962 and 2010 and as the screws tighten, they are re-visiting the system that kept them in power under their prior incarnation, the State Peace and Development Council (SPDC) junta.
Myanmar’s economy is expected to contract by over 20 percent because of the coup, but Myanmar has been here before. Under the SPDC, Myanmar appeared from the outside crippled by sanctions and wracked by ethnic civil war. Store shelves were often bare and the streets free from cars. For many observers, SPDC Myanmar was a failed state.
C est par l économie que l on tordra le bras des généraux birmans la-croix.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from la-croix.com Daily Mail and Mail on Sunday newspapers.