Page 24 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.72, # 2, 2015, pp. 24-31

ECONOMY AGRICULTURE COUNTRIES: MYANMAR

Y.V. Aleskerovа
candidate of economic sciences, senior staff scientist,
National scientific center Institute agrarian economy;
Kyiv, Ukraine
Mob. +380964201983
[email protected]
Received 26 June 2015; accepted 10 November 2015; published online 29 December 2015

Abstract
The aim of this study is a comparative characteristic of the rural economy countries,
namely Myanmar. The study found that the main problem existing in agricultural
economics is to support agriculture at the state level and the natural climatic and
political conditions. This paper analyzes the agricultural economy of Myanmar for
several years. The scientific novelty of the research lies in the fact that the author
has made specific proposals and recommendations on the modernization of the rural
economy of Myanmar, taking into account the state support, the natural climatic and
political conditions.

Key worlds: Agriculture, change, Myanmar, the economy, the agricultural market, price.

JEL classification: Q13; Q14; Q18

Introduction. Myanmar is agriculture-based country. About 40 percent of the
gross domestic product (GDP) comes from agricultural sector and more than 60 percent
of the people live in rural areas. Agriculture sector contributes major source of foreign
exchange, and supplies of the bulk of basic food. Agricultural output of the country rose
starting from 1990 at an annual average rate of one percent per year. The linkage
between agriculture sector and other sectors of the country‟ economy stimulates for
growth and income generation. According to the Asian Development Bank (ADB),
Myanmar‟s population for year 2000 was nearly 48 million and it reached 51 million in
year 2005 and nearly 60 million in 2010 (CSO). The population was composed of 29.48
percent in the 0-14 age group, 65.58 percent in the 15-64 age group and 4.94 percent in
the 65 and above age groups in 2005. It is indicating that nearly 66 percent of the
population can be considered as potential human resources for the economic
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