Changes

==Economy==

==Economy==

Myanmar, a resource-rich country, suffers from pervasive government controls, inefficient economic policies, and rural poverty. The junta took steps in the early 1990s to liberalize the economy after decades of failure under the "Burmese Way to Socialism," but those efforts stalled, and some of the liberalization measures were rescinded. Lacking monetary or fiscal stability, the economy suffers from serious macroeconomic imbalances - including rising inflation, fiscal deficits, multiple official exchange rates that overvalue the Burmese kyat, a distorted interest rate regime, unreliable statistics, and an inability to reconcile national accounts to determine a realistic GDP figure. Most overseas development assistance ceased after the junta began to suppress the democracy movement in 1988 and subsequently refused to honor the results of the 1990 legislative elections. In response to the government of Myanmar's attack in May 2003 on Aung San Suu Kyi and her convoy, the US imposed new economic sanctions in August 2003 against Burma - including a ban on imports of Burmese products and a ban on provision of financial services by US persons. Further, a poor investment climate hampers attracting outside investment slowing the inflow of foreign exchange. The most productive sectors will continue to be in extractive industries, especially oil and gas, mining, and timber with the latter especially causing environmental degradation. Other areas, such as manufacturing and services, are struggling with inadequate infrastructure, unpredictable import/export policies, deteriorating health and education systems, and endemic corruption. A major banking crisis in 2003 shuttered the country's 20 private banks and disrupted the economy. As of 2006, the largest private banks operate under tight restrictions limiting the private sector's access to formal credit. Official statistics are inaccurate. Published statistics on foreign trade are greatly understated because of the size of the black market and unofficial border trade - often estimated to be as large as the official economy. Though the Myanmar government has good economic relations with its neighbors, better investment and business climates and an improved political situation are needed to promote serious foreign investment, exports, and tourism.

Burma, a resource-rich country, suffers from pervasive government controls, inefficient economic policies, and rural poverty. The junta took steps in the early 1990s to liberalize the economy after decades of failure under the "Burmese Way to Socialism," but those efforts stalled, and some of the liberalization measures were rescinded. Lacking monetary or fiscal stability, the economy suffers from serious macroeconomic imbalances - including rising inflation, fiscal deficits, multiple official exchange rates that overvalue the Burmese kyat, a distorted interest rate regime, unreliable statistics, and an inability to reconcile national accounts to determine a realistic GDP figure. Most overseas development assistance ceased after the junta began to suppress the democracy movement in 1988 and subsequently refused to honor the results of the 1990 legislative elections. In response to the government of Burma's attack in May 2003 on Aung San Suu Kyi and her convoy, the US imposed new economic sanctions in August 2003 against Burma - including a ban on imports of Burmese products and a ban on provision of financial services by US persons. Further, a poor investment climate hampers attracting outside investment slowing the inflow of foreign exchange. The most productive sectors will continue to be in extractive industries, especially oil and gas, mining, and timber with the latter especially causing environmental degradation. Other areas, such as manufacturing and services, are struggling with inadequate infrastructure, unpredictable import/export policies, deteriorating health and education systems, and endemic corruption. A major banking crisis in 2003 shuttered the country's 20 private banks and disrupted the economy. As of 2006, the largest private banks operate under tight restrictions limiting the private sector's access to formal credit. Official statistics are inaccurate. Published statistics on foreign trade are greatly understated because of the size of the black market and unofficial border trade - often estimated to be as large as the official economy. Though the Burmese government has good economic relations with its neighbors, better investment and business climates and an improved political situation are needed to promote serious foreign investment, exports, and tourism.

 

==Human trafficking==

==Human trafficking==

Myanmar is a source country for men, women, and children trafficked to East and Southeast Asia for sexual exploitation, domestic service, and forced commercial labor; a significant number of victims are economic migrants who wind up in forced or bonded labor and forced prostitution; to a lesser extent, Burma is a country of transit and destination for women trafficked from China for sexual exploitation; internal trafficking of persons occurs primarily for labor in industrial zones and agricultural estates; internal trafficking of women and girls for sexual exploitation occurs from villages to urban centers and other areas; the military junta's economic mismanagement, human rights abuses, and policy of using forced labor are driving factors behind Myanmar's large trafficking problem.  Myanmar does not fully comply with the minimum standards for the elimination of human trafficking and is not making significant efforts to do so.

Myanmar is a source country for men, women, and children trafficked to East and Southeast Asia for sexual exploitation, domestic service, and forced commercial labor; a significant number of victims are economic migrants who wind up in forced or bonded labor and forced prostitution; to a lesser extent, Burma is a country of transit and destination for women trafficked from China for sexual exploitation; internal trafficking of persons occurs primarily for labor in industrial zones and agricultural estates; internal trafficking of women and girls for sexual exploitation occurs from villages to urban centers and other areas; the military junta's economic mismanagement, human rights abuses, and policy of using forced labor are driving factors behind Myanmar's large trafficking problem.  Myanmar does not fully comply with the minimum standards for the elimination of human trafficking and is not making significant efforts to do so.