International Trade Practice in Republic of Union of Myanmar Background of the Union According to the 2008 constitution, Union of Myanmar has reformed by multiparty democratic political system and also changed her name to Republic of Union of Myanmar. ... Trade Practice in Myanmar Since, Myanmar has changed its economic course from a centrally planned economy into a market oriented system On 2010 according to the 2008 constitution, a series of structural reforms had been introduced and new legal policy instruments given the private sector including foreign investors and businessmen, the ri...
Many see it as a primarily economic phenomenon, involving the increasing interaction, or integration, of national economic systems through the growth in international trade, investment and capital flows. However, one can also point to a rapid increase in cross-border social, cultural and technological exchange as part of the phenomenon of globalisation. The sociologist, Anthony Giddens, defines globalisation as a decoupling of space and time, emphasising that with instantaneous communications, knowledge and culture can be shared around the world simultaneously. A Dutch academic who maint...