Under British administration, Burma

Under British administration, Burma was the second-wealthiest country in South-East Asia. It had been the world's largest exporter of rice. Burma also had a wealth of natural and labour resources. It produced 75% of the world's teak and had a highly literate population.The country was believed to be on the fast track to development. However, agricultural production fell dramatically during the 1930 as international rice prices declined, and did not recover for several decades.