On the northern outskirts of Yangon lie the sprawling industrial estates that used to provide Myanmar's economic muscle, such as it was. Now, after decades of sanctions and economic mismanagement, many of the factories have been demolished and the ones left standing are mostly derelict. But amid the rubble are signs of new life, not only for Myanmar but for the rest of Asia. Near the gates of the Mingaladon Industrial Park two new Japanese-owned factories have sprung up out of the debris. One of them, Famoso Clothing, offers a glimpse of a better future for Myanmar-and for Asia.
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