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  1. Yangon University of Economics
  2. Department of Economics

Garment Industy Growth and Macroeconomic Variables in Myanmar(2010-2019)

https://meral.edu.mm/records/8678
https://meral.edu.mm/records/8678
09bf5088-6ab4-4348-8062-6a814f093433
cf73f428-9f12-4a17-b3ac-c46828a7f495
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May May Thin Khaing, M.Econ(Eco)-8, PDF.pdf (538 KB)
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Title
Title Garment Industy Growth and Macroeconomic Variables in Myanmar(2010-2019)
Language en
Publication date 2022-03-01
Authors
May Thin Khaing
Description
The garment industry is one of the main sources of foreign currency earnings
and job creation in Myanmar. The rapid growth of the garment industry contributes to
the economic growth and reduces poverty in Myanmar. The objective of the study is
to show the trend of garment exports and selected macroeconomic variables such as
GDP, unemployment rate, exchange rate, and foreign investment. The study uses a
descriptive method based on secondary data. The main source of secondary data is
collected by the Myanmar Garment Manufacturing Association and other related
organizations. The study is focused on the period 2010–2019. The study found that
the value of GDP increased in tandem with the growth of garment exports. The
growth of garment exports alone will not be enough to reduce Myanmar's
unemployment rate. Myanmar’s garment industry is mainly driven by foreign
investment. The growth of the textile industry is important for Myanmar’s garment
industry. Myanmar’s garment industry is gradually growing as foreign investment
increases year after year. Themes such as government loans and support for local
manufacturers, harmonizing investment and collaboration from raw materials to final
products, training for labor, and a favourable working environment should be
implemented by the stakeholders of the garment industry in Myanmar, which provide
the sustainable growth of the garment industry in Myanmar and can contribute to the
Myanmar economy.
Thesis/dissertations
Yangon University of Economics
Dr. Zin Zin Shwe
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