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Myanmar (also known as Burma) is an emerging economy with a nominal GDP of $66.324 billion dollars in 2016 and an estimated purchasing power adjusted GDP of $334.85 billion dollars in 2016.
Historically, Burma was the main trade route between India and China since 100 BC. The Mon Kingdom of lower Burma served as important trading centre in the Bay of Bengal.
asian investormyanmar According to Michael Adas, Ian Brown, and other economic historians of Burma, Burma’s pre-colonial economy in Burma was essentially a subsistence economy, with the majority of the population involved in rice production and other forms of agriculture. Burma also lacked a formal monetary system until the reign of King Mindon Min in the middle 19th century.
All land was technically owned by the Burmese monarch. Exports, along with oil wells, gem mining and teak production were controlled by the monarch. Burma was vitally involved in the Indian Ocean trade. Logged teak was a prized export that was used in European shipbuilding, because of its durability, and became the focal point of the Burmese export trade from the 1700s to the 1800s...