The Intelligence from The Economist Not-purchasing power: boycotts in Myanmar
Mar 22, 2021
Charlie McCann, Southeast Asia correspondent for The Economist, sheds light on the innovative boycott tactics emerging in Myanmar as citizens resist military rule. He explores the profound economic impact these actions might have on the junta and local businesses. Meanwhile, Matt Kaplan discusses how fragments of Neanderthal DNA influence COVID-19 susceptibility, revealing both harmful and beneficial effects. Their engaging dialogue connects pressing social movements with the intricacies of genetics, offering a unique perspective on current global challenges.
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Boycott Campaign
- Protesters in Myanmar are boycotting military-owned businesses like Myanmar Beer and cigarettes.
- This subtle resistance aims to disrupt the junta's income and potentially force a retreat.
Opaque Finances
- The Myanmar army's finances are opaque, making it difficult to assess the boycott's impact.
- Researchers estimate off-budget income between $400 million and $1.3 billion.
Financial Struggles
- The junta is struggling financially, attempting to access foreign reserves and selling bonds.
- The central bank has limited withdrawals, and the country faces a large budget deficit.