In Pictures: Booming Yangon - Al Jazeera English

In Pictures: Booming Yangon

As Myanmar's biggest city becomes more attractive to investors, the poor are squeezed by rising cost of living.

Brennan O'Connor |

Yangon, Myanmar - The commercial capital of Asia's second-poorest country is the sixth-most expensive city in southeast Asia.

Ever since the once-shuttered country opened up to foreign investors, aid groups and businessmen have clambered to gain a foothold in Yangon. The new arrivals have created a property shortage.

Affordable housing is being torn down, replaced by high-rise condominiums and office buildings. Rents have quadrupled in recent years, while local wages remain depressingly low for many.

Media Theorised

Media Theorised

In our latest online series we showcase the key works of five big thinkers from around the world – Noam Chomsky, Edward Said, Marshall McLuhan, Roland Barthes and Stuart Hall - whose theories on the media will sharpen your critical tools when you next consume the news.