For decades, Myanmar’s economic system was characterized by economic isolation and central planning. Today, however, as Myanmar is in the middle of a far-reaching political and economic transition, it is leaving this past behind. For Myanmar’s enterprises, and Small and Medium Sizes Enterprises (SMEs) in particular, the opening of the country’s economy in general and the intensification of regional economic integration more specifically, most notably through the Association of Southeast Asian Nations (ASEAN) Economic Community (AEC), bring both opportunities and challenges.
The CESD Labour Team presented research results on labour relations and regional economic integration of private enterprises to Masters of Public Administration (MPA) students at the Yangon University of Economics (Kamaryut Campus) in August 2016.
The level of regional economic integration and labour issues in Myanmar’s private enterprises are highlighted in a presentation prepared for Masters of Public Administration students at the Yangon University of Economics.
CESD’s Labor Market Reform Working Paper No. 1/2016 identifies three focus areas for policy makers to ensure an effective implementation of the recent minimum wage system, namely:
- ensuring that businesses comply with the new minimum wage law and government agencies enforce the law;
- monitoring and measuring the impacts of the minimum wage policy on different variables, including formal jobs, informal employment, wage levels, wage distribution, poverty, and social welfare;
- ongoing reviews and adjustments to the minimum wage system, to ensure it remains relevant and appropriate under changing economic and social conditions.
CESD’s Labor Team is providing training and capacity building to graduating students from the Yangon University of Economics as they prepare to undertake research on the socio-economic impacts of the minimum wage. A legal minimum wage was introduced in Myanmar in September 2015. It’s impact on employees and employers will be the focus of the research undertaken by the University of Economics students.