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Podcast: Insight Myanmar
Episode: No Money, Mo’ Problems
Description: Episode #277: Sean Turnell, an author, economic advisor, and former political prisoner, graced a podcast for the third time to share his insights on Myanmar's deteriorating financial situation. The military's relentless pursuit of hard currency has resulted in rampant resource exploitation, serving either the generals' personal wealth or the purchase of more arms (along with lining their cronies’ pockets) despite international sanctions aiming to curb their financial avenues.Turnell describes the junta's economic policy as practically non-existent, with no strategy for education, health, or foreign investment. A soaring inflation rate, a significant increase in military spending, and a de...