Senior General Min Aung Hlaing stressed the need to analyze economic crises based on political and economic problems from the point of view of macroeconomics and political economics.
Chairman
of the State Administration Council Prime Minister Senior General Min Aung
Hlaing said so at the ceremony to mark the 100th anniversary of economics
education in Myanmar at Myanmar International Convention Centre II in Nay Pyi
Taw yesterday morning.
Speaking
on the occasion, the Sen
ior
General noted that protectionism is prioritized to overcome challenges of
geopolitics, geoeconomic tensions, outbreak of pandemics, impacts of natural
disasters, trade and monetary problems, technological competitiveness and
difficulties of energy security.
He
unveiled that the State Administration Council has been striving to overcome
disturbances, hindrances and crises in the State economy through various ways
and means since its establishment.
He
emphasized that priority is given to equal opportunities for the development of
all sectors and employment opportunities in relevant areas for national races.
The
Senior General pointed out that the capacity to fully apply economics plays a
key role in the economic growth of the State.
He
noted that emphasis must be placed on raising productivity, quality products
and grasping market share for products of the country to increase income for
the State by creating incentives for those who strive for the economic
development of the nation.
He
urged businesspersons, those serving in government organizations and
non-government organizations, economists, leaders in the economic development
of the nation and investors to actively implement objectives and the roadmap of
the State.
He
called on economists to analyze how to tackle the State economy based on basic
data of the nation and implement shortand long-term plans for different regions.
The
Senior General highlighted that only when Myanmar doubles its export volume
will it contribute to the development of the nation. Hence, efforts must be
made to boost production based on agriculture and livestock tasks. Moreover, it
is necessary to improve the industries based on cotton, bamboo and rubber raw
materials, he added.
He
underscored that as some 90 per cent of the State GDP depends on the production
of private businesses, agro-based industry must be implemented in addition to
the development of MSME businesses to raise export volume and reduce imports.
Under
the leadership of veteran economists of Myanmar Sayagyi Dr Hla Myint, Dr Aye
Hlaing, Dr Maung Shein and Dr Than Nyun in successive eras, the Senior General
recounted that universities of economics have turned out 96,696 graduates and
are giving training to 19,042 students within 100 years period.
Meanwhile,
he explained that Universities of Distance Education have produced 170,930
graduates in economics. Universities in regions and states offer BA (Economics)
courses to turn out human resources from an economic point of view.
At
the ceremony, the Senior General and attendees watched a video clip on the
100th anniversary of Myanmar’s economics education.
Patron
of the organizing committee Dr Than Nyun spoke words of appreciation while
Chairman of the Leading Committee Union Minister for Investment and Foreign
Economic Relations Dr Kan Zaw reported on holding the commemorative ceremony.
After
the ceremony, the Senior General and party visited the exhibition to mark the
centenary celebration of Myanmar’s economics education.
Concerning
teaching economics education in Myanmar, the Economics Department was opened
under the Social Science Faculty of the Yangon University in 1924. This year
falls on the centenary of economics education coincides with the 60th
anniversary of the Yangon University of Economics.
Also
present at the ceremony were Joint Secretary General Ye Win Oo, council
members, Union ministers, Union-level dignitaries, the Nay Pyi Taw Council
Chairman, senior Tatmadaw officers from the Office of the Commander-in-Chief,
the commander of Nay Pyi Taw Command, deputy ministers, officials and students.
MNA/
TTA
#TheGlobalNewLightOfMyanmar
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