8 Countries Ruled by Military Dictatorship in 2023

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In this article, we look at the 8 countries ruled by military dictatorship in 2023. You can skip our detailed analysis on the impact of authoritarianism on economic growth and head over directly to the 5 Countries Ruled by Military Dictatorship in 2023.

According to a report by the International Institute for Democracy and Electoral Assistance, or International IDEA, nearly half of all countries in the world suffered a notable decline in their democratic credentials between 2017-2022. After many years of democratization, the world has been experiencing democratic recession for the last five to six years. 

Authoritarianism is on the rise globally with democracy getting degraded as people lose faith in the legitimacy of election results, see their freedoms being trampled upon, and a growing disillusionment among the youth with their leaders. The resurgence of populism in the right-wing parties has also polarized politics and weakened democracy.

While there are several countries with authoritarian governments, most of them have leaders that are ‘civilian’ and appear somewhat accountable – albeit only on paper. There are only a handful of countries today that have outright military regimes.

Economic Impact of Military Dictatorship

Military dictatorships certainly do not bode well for the business environment in countries which have been ruled by military junta, as these regimes do not enjoy global legitimacy and are often subject to economic sanctions from much of the world. One such country currently bearing the brunt is Myanmar, where on the morning of February 1, 2021 – one day before the newly elected parliament was due to swear in – the military staged a coup and ended civilian rule in the country. Since then, Myanmar has been subjected to numerous rounds of sanctions led by the United States and its allies in Europe. Many large international companies have ceased operations in the country and pulled out.

Among them is Chevron Corporation (NYSE:CVX), an American energy corporation, that announced in February this year to sell its assets in Myanmar and exit the country. Chevron Corporation (NYSE:CVX) criticized the human rights abuses in the country and sold its 41.1% stake in the Yadana Project to Canada’s MTI for an undisclosed amount. The withdrawal followed a one-year long policy of Chevron Corporation (NYSE:CVX) to reduce proceeds from sales from the project that would have reached the military junta ruling Naypyidaw. Other oil and gas companies, including TotalEnergies and Woodside Petroleum have also left the country, while South Korean steelmaker Posco ended its joint venture with MEHL, a company controlled by the military in Myanmar.