There is no denying that Myanmar has an ongoing nuclear research programme but whether it has the intention of developing nuclear weapons remains unclear.

Tacit Chinese endorsement of the policies pursued by North Korea and Myanmar has emboldened them to persist with policies that are detrimental for peace and stability in the region.

Clearly, there is immense scope for cooperation between India and Myanmar to deal in agro-based products, floriculture, engineering, timber and tobacco and expand business cooperation. Although there has been a significant increase in bilateral trade in recent years, full potential has yet to be realised.

Vice President Hamid Ansari’s four-day visit to Myanmar from February 5 to 8, 2009 was significant for business matters as India and Myanmar signed agreements with regard to Tata Motors setting up a truck manufacturing unit in Myanmar, cross-border transport, telecommunications, the establishment of English Language training Centre and Industrial Training Centre at Pakokku.

Hydrocarbon rich Bay of Bengal seems to be emerging as another centre of oil politics. This was recently manifested by a standoff between Myanmar and Bangladesh, when Dhaka sent three naval vessels to stop Myanmar from conducting exploration activities in their disputed Exclusive Economic Zones (EEZs). The crisis has since been diffused, though it is far from over.

Howsoever much others may want to distance India from mlitary-ruled Myanmar, the widespread devastation caused by Cyclone Nargis has brought India into the spotlight. That it occurred barely a week prior to Myanmar’s proposed constitutional Referendum on May 10 brought this out in bold relief.

The recent public protests against the general price rise in Myanmar and the government crack down once again drew the world’s attention to the plight of the Myanmarese. But the focus has generally been on the political aspects, particularly the possibility of peaceful reconciliation and subsequent installation of a democratic government. In contrast, this paper attempts to peep into the economic aspects of military rule and its impact on the general public and concludes with certain possible implications for neighbouring countries like India.