Dr. Aung Ko Ko - Poverty Reduction and Economic Policy

Today, a by-election will soon be held that will determine the future of Myanmar's multi-party democracy, a system that will remain etched in its history. The notable feature here is that the National League for Democracy (NLD) is participating.

Surveys conducted today to examine the socio-economic conditions of all Myanmar citizens (urban, rural, mountainous, and lowland) reveal that the actual socio-economic conditions, education, and health of the majority of citizens are extremely low.

It is seen.

Therefore, the author believes that all citizens are enthusiastic about political parties and political leaders who can elevate their country and their people to live side by side with the world under a multi-party democracy.

Although Myanmar has made significant political progress in its political and economic reforms, economic reforms must continue. The following are the factors and figures that the author has studied in implementing economic reforms:

(1) Budget Deficit Amount and

How to get and spend the budget

(2) Money Supply Amount

(3) Money Base Growth Rate

(4) Inflation Rate

(5) Foreign Debt Amount

(6) Current FEC in Circulation in the country

(7) Amount of proceeds from privatization (state-owned enterprises)

State-owned enterprises (SOEs), State-owned industrial enterprises (SOIs),

State-owned gas stations, state-owned buildings, land and garages

Private ownership of ports, state-owned ports, etc.

This means the steps in the process and the amount of money earned from them.

(8) Private ownership of state-owned land and buildings

Amount received from the transfer,

(9) Current export categories and export earnings

Amount (in US dollars)

(10) Current types of imported goods and

Import value (in US dollars)

(11) Net Foreign Reserves held at the Central Bank of Myanmar

Amount of assets.

(12) Industrial zones throughout Myanmar

Zones), number of Special Economic Zones (SEZS)

and current operations in each of these zones

Domestic and foreign businesses

Type of business (manufacturing)

Type of work or service, etc., and

(quantity) their raw material consumption (domestic,

(How is it distributed abroad?) and

Production conditions.

(13) The current state of affairs in the country

Projects and their completion status,

The amount of money spent on them.

(14) The Internet used in these national projects

Mediate Inputs Raw Materials or

The amount of money used to import from abroad.

(15) Domestic unemployment rate and current employment

The number of people without hands,

(16) Foreign direct investment in the country

Investment of investments (e.g. domestic

In economic zones or special economic zones

(participation ratio),

(17) Acres of land currently available for cultivation in the agricultural sector

and the amount of acres of land under cultivation,

(18) Farmers who own less than 10 acres of land

Households and those owning more than 10 acres

Proportion of number of farming households

Instead,

(19) Those who own and cultivate less than 10 acres of land

Average annual income and more than 10 acres of land

Annual average of owner-operated farmers

Income level,

(20) The main requirements for agricultural production are:

Price changes of input groups

(Time-Series Data),

(21) The main cost of producing and exporting goods abroad

Changes in costs (other than raw material costs)

Time-Series Data,

(22) Trade goods (agricultural products)

and industrial products, etc.)

In markets (domestic and foreign)

Legal obstacles encountered,

The above points are points that should be studied and considered in conjunction with the collected data sets and multipurpose surveys.

It is.

If we compare the average income and minimum expenditure of each citizen based on the current price level, we can see that the average income and minimum expenditure are higher than the income. These can be further divided into income categories/income groups and the income structure of these income groups can be seen, and at the same time, the general socio-economic and living standards of these low-income households can be seen in relation to each other.

When poor people come to a country, instability often results. Therefore, it is necessary to analyze the situation and prepare economic policies as needed.

The Myanmar Post Journal

Vol.4-No.12

Wednesday, March-21, 2021