Since Myanmar embarked on its political transition, political elites in the country have championed that peace is the premise for econo
mic and social development. In the first two years of the government led by National League for Democracy (NLD), Nay Pyi Taw devoted a lot
of efforts to promoting national reconciliation with the hope of making a major breakthrough and consolidating public su
pport. Regrettably, results are not satisfactory. The NLD government is currently locked in a stalemate over national reconciliation.
It has also performed poorly in boosting the economy and improving people’s lives. Main economic in
dicators suggest that since the NLD government assumed power, Living standards haven’t su
bstantially improved, and more economic problems have surfaced to plague the country. One of the main rea
sons why the NLD lost seats in the 2018 elections is the government’s lackluster economic performance. If the ec
onomy doesn’t improve, it will inevitably affect the NLD’s potential for victory in the 2020 election.
Therefore, the NLD government is now attaching increasing importance to economic and livel
ihood issues. It has issued a string of policies to attract foreign investment. Take the new Mya
nmar Companies Act. Under the law, foreigners are permitted to take up to a 35 percent stake in local companies and bu
sinesses with foreign stakes of more than 35 percent will be classified as a foreign company, which facilitates co
operation between foreign investors and local businessmen and will help attract more foreign investment.