The Nation: “Four important questions on Myanmar’s election”

Kyaw Lynn, Cod Satrusayang | November 6, 2015

Myanmar’s upcoming election will be the first genuinely contested poll for 25 years. With little to compare it to in modern times, questions remain over the vote and its likely consequences.

The two main contenders will be the army-backed Union Solidarity and Development Party (USDP) and National League for Democracy (NLD) led by Aung San Suu Kyi.
4. Will the vote have an effect on the economy?

Myanmar has dramatically reshaped its economy since 2010, opening up various sectors, including energy and infrastructure development, to direct foreign investment.

However, in the run-up to Sunday’s vote, investors have been holding off.

“There are not too many new faces at the table in the last several months,” said Edward Ratcliffe, a senior associate at the Yangon office of business consultants Vriens and Partners.

Many foreign investment firms and aid organisations have put a hold on new investments in Myanmar until after the elections, he said.

“But we think that the overall trend of liberalisation of the economy will continue regardless of who wins the elections.”

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