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For many years Myanmar operated an inward-looking economic system built on import substitution. Ultimately this policy collapsed, leaving a legacy of inefficient state economic enterprises and widespread poverty. Political unrest in 1988 led a newly installed military government to liberalize the economy, opening it to foreign investment and private trade. This move towards a market economy was in line with regional trends, but political instability forced the country to adopt policies that were different from those of neighboring countries. By analyzing economic policy and performance across...