Background[edit]
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.[20] The country was believed to be on the fast track to development.[20] However, agricultural production fell dramatically during the 1930s as international rice prices declined, and did not recover for several decades.