Conclusion: "In 2006, Myanmar?s possession and exploitation of prized natural resources continued to flatter the appearance of the country?s economic circumstances. Behind this façade, however, is a narrative of chronic failure that is the consequence of a political economy that is yet to create the institutions necessary for long-term economic development. Such institutions, which include effective property rights, freedom to contract and a modicum of macroeconomic stability, are created out of domestic constituencies possessing incentives to bring about change. The economic rents that are accruing from Myanmar?s offshore energy deposits could further weaken these constituencies. Optimism with regard to Myanmar?s economy accordingly must remain, for the moment, suspended."