Mapping the dimensions of personal debt as a justice issue in Myanmar
Despite the opening of the economy and several reform efforts, Myanmar’s per capita GDP remains the lowest in South East Asia. According to the World Bank, one third of Myanmar’s population is poor and another 14% are “near poor”. The most common approach for dealing with shocks such as illness or crop failures etc is to borrow money. “A fifth of households in Myanmar are estimated to be over-indebted, defined as having a debt-to-asset ratio equal to or larger than 0.5.” The MyJustice...