Patrick Cooke: ALL BLOG POSTS
Myanmar’s ongoing transition from authoritarianism to democracy will reach its next milestone in 2020, when general elections will be held for more than 1000 seats in union, state and regional legislatures. The polls will take place almost 10 years after the country embarked on a process of opening its economy to the world and granting democratic freedoms to a population that had lived under military rule for some five decades.
Following a turbulent period in PNG politics, new Prime Minister James Marape made his first public address to the business community during PNG Investment Week 2019.
Port Moresby has benefitted from accelerated infrastructure development in recent years, spurred on by Papua New Guinea’s chairmanship of APEC in 2018. Although there was some domestic criticism related to spending large sums of public money on hosting world leaders in a moment of elevated national debt, 76% of CEOs expect the long-term economic impact of APEC 2018 to be positive or very positive, with only 1% expecting it to have a negative impact. It is hoped that a year in the APEC spotlight will translate into mutually beneficial trade and investment relationships with the region’s major powers.