Myanmar economy: facts you didn’t know

Myanmar economy is a fascinating topic. Myanmar (also known as Burma) is a country in Southeast Asia which is becoming increasingly popular as a tourist destination (you should check out Bagan if you haven’t already). Myanmar is a very interesting country given its recent turbulent history and politics – it has been locked away from the…

Vietnam: Capitalism, communist edition. Limited.

Why Vietnam? My advice to any real, fake or aspiring economist – Vietnam is a place very well worth visiting. The dual nature of the country, led by a communist government, yet embracing the tools of capitalism and globalization, is pretty fascinating from economic and political standpoints. Add to it a very turbulent 20th century…

What’s behind Korea’s economic success?

For every economist South Korea is a fascinating country. In the 1960’s it was one of the poorest nations in the world with GDP per capita lagging behind that of Vietnam or Democratic Republic of Congo. In fact, the nominal GDP per capita in 1960 was around $100, while in 2010 it reached $20,000 (source: nationmaster.com).  The country is…