Book excerpt: In recent years trade and investment in Myanmar have soared, buoyed by ongoing efforts to liberalise the economy and a successful political transition in November 2015 that saw the National League for Democracy become the country’s first civilian-led government elected to power in modern history. Political reforms have brought significant economic benefits, as the US government moved to lift burdensome sanctions that had weighed on investor sentiment and trade growth. With the administration now moving to implement a host of domestic reforms, loosen internal trade restrictions and draft a new investment law, growth is expected to resume apace following a slowdown during the election year.