Country Profile
From The Report: Myanmar 2018
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Considered to be the last frontier market in South-east Asia, Myanmar remains focused on creating the right set of conditions to attract and facilitate foreign investment to spur economic development. Following decades of military rule that maintained a socialist and centrally planned economic model, cutting off access to the world’s financial markets and main trading routes, the country’s ongoing transition towards market economics and electoral democracy has caught the attention of investors worldwide. This chapter contains a viewpoint from Daw Aung San Suu Kyi, State Counsellor of Myanmar; an interview with Serge Pun, Chairman, Serge Pun & Associates; and a viewpoint from Xi Jinping, President of China.

Articles from this Chapter

Overview

Reconciliation efforts: Transition to national reunification after decades of unrest
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Considered to be the last frontier market in Southeast Asia, Myanmar remains focused on creating the right set of conditions to attract and facilitate foreign investment to spur economic development. Following decades of military rule that maintained a socialist and centrally planned economic model, cutting off access to the world’s financial markets and main trading routes, the country’s ongoing transition towards market economy and electoral democracy has caught the attention of investors worldwide. The…

Analysis

Keeping apace: New regulations and improved business conditions to stimulate economic growth in the near future
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Building on positive performance in recent years, Myanmar’s economy is set to continue gaining momentum in the near and medium term, despite concerns over the slow pace of economic reforms and social unrest in Rakhine State. The economy is expected to grow by 6.7% in FY 2017/18, which ends in March 2018, according to an IMF forecast released in November. The figure is significantly above the 5.9% growth achieved in FY 2016/17, and well above the fund’s prediction of 5.1% expansion across South-east…

Viewpoint

With the people: Daw Aung San Suu Kyi, State Counsellor of Myanmar, on the government’s first year and its direction moving forward
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Viewpoint:Daw Moe Moe Lwin On March 30, 2016 the National League for Democracy (NLD) took over the responsibilities of the government with a clear mandate given by the people in the multi-party general elections held in November 2015. Accordingly, we have a bounden duty to be accountable to the people. The respective ministries at both the union and the state levels have shared with the people their primary goals, the ways in which they are seeking to implement those priorities, as well as…

Interview

Reaping growth: Serge Pun, Chairman, Serge Pun & Associates, on how Myanmar can stimulate economic growth moving forward
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Interview: Serge Pun What contributed to the slowdown of the economy, and how can the government stimulate growth? SERGE PUN: Prioritisation of political and social policies affecting national peace, the rule of law, democracy and corruption have coincided with a slowdown of economic growth and foreign direct investment (FDI). By centering the bulk of its attention on these policy areas, the government unintentionally allowed the economy to take a back seat in its agenda. Another factor that might…

Viewpoint

Rising to the challenge: Xi Jinping, President of China, on embracing globalisation
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Viewpoint:Xi Jinping From a historical perspective, economic globalisation resulted from growing social productivity, and is a natural outcome of scientific and technological progress, not something created by any individual or country. Economic globalisation has powered global growth and facilitated the movement of goods and capital, advances in science, technology, civilisation and interactions among peoples. But we should also recognise that economic globalisation is a double-edged sword.…

Viewpoint

Rising to the challenge: Xi Jinping, President of China, on embracing globalisation
OBG
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Viewpoint:Xi Jinping From a historical perspective, economic globalisation resulted from growing social productivity, and is a natural outcome of scientific and technological progress, not something created by any individual or country. Economic globalisation has powered global growth and facilitated the movement of goods and capital, advances in science, technology, civilisation and interactions among peoples. But we should also recognise that economic globalisation is a double-edged sword.…