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Myanmar

Source: Editor:hy_user Release time:2012-09-21 16:31:29Font: Large middle Small | Close

Name:  Myanmar

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Capital city:  Naypyidaw
 
Population:  60,280,000
 
Currency:  Kyat
 
Official language:  Myanmar
 
Climate:
Much of the country lies between the Tropic of Cancerand the Equator. It lies in the monsoonregion of Asia, with its coastal regions receiving over 5,000 mm (196.9 in) of rain annually. Annual rainfallin the deltaregion is approximately 2,500 mm (98.4 in), while average annual rainfall in the Dry Zone, which is located in central Myanmar, is less than 1,000 mm (39.4 in). Northern regions of the country are the coolest, with average temperatures of 21 °C (70 °F). Coastal and delta regions have an average maximum temperature of 32 °C (89.6 °F).
 
Economy:
The country is one of the poorest nations in Southeast Asia, suffering from decades of stagnation, mismanagement and isolation. The lack of an educated workforce skilled in modern technology contributes to the growing problems of the economy. The country lacks adequate infrastructure. Goods travel primarily across the Thai border, where most illegal drugs are exported and along the Irrawaddy River. Railways are old and rudimentary, with few repairs since their construction in the late 19th century. Highways are normally unpaved, except in the major cities. Energy shortages are common throughout the country including in Yangon.
Under British administration, Myanmarwas the second-wealthiest country in South-East Asia. It had been the world's largest exporter of rice. Myanmaralso had a wealth of natural and labour resources. It produced 75% of the world's teak and had a highly literate population. The country was believed to be on the fast track to development.
During World War II, the British destroyed the major oil wells and mines for tungsten, tin, lead and silver to keep them from the Japanese. Myanmarwas bombed extensively by both sides. After a parliamentary government was formed in 1948, Prime Minister U Nu embarked upon a policy of nationalization and the state was declared the owner of all land. The government also tried to implement a poorly considered Eight-Year plan. By the 1950s, rice exports had fallen by two thirds and mineral exports by over 96% (as compared to the pre-World War II period). Plans were partly financed by printing money, which led to inflation. The 1962 coup d'état was followed by an economic scheme called the MyanmarWay to Socialism, a plan to nationalise all industries, with the exception of agriculture. The catastrophic program turned Myanmarinto one of the world's most impoverished countries. Myanmar's admittance to Least Developed Country status by the UN in 1987 highlighted its economic bankruptcy.
 
 
 
 
 

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