Economy

Myanmar Economy

After its historic transition to civilian rule following years of incremental reforms, Myanmar is enjoying a period of exceptional growth. Once an outlier in the region, Myanmar now has the fastest-growing economy in ASEAN, and is seen as a source of regional strength and a destination of opportunity. Further liberalisation is planned, international investment is expected to remain strong and the domestic economy is becoming increasingly efficient. Optimism reigns as the experiment in reform has proven durable. While many emerging economies struggle to maintain a high rate of expansion in the face of global uncertainty, Myanmar is set to remain on course.

This chapter contains interviews with U Kyaw Win, Minister of Planning and Finance; Sean Turnell, Economic Advisor, National League for Democracy and Associate Professor, Department of Economics, Macquarie University; U Thurance Aung, Vice-President, Myanmar Japan Thilwa Development; and Keiichiro Nakazawa, Chief Representative, Japan International Cooperation Agency, Myanmar Office.