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Business and Development in Myanmar

A Policy Handbook for Private Sector Development

image of Business and Development in Myanmar
This handbook is to provide policymakers, business communities, development organizations, and other interested parties with a thorough overview of the private sector environment in Myanmar today. It outlines the challenges faced by businesses, elaborates on the nature of the challenges and why they are significant, and offers a set of recommendations to improve in order to foster greater development of the private sector, and the country as a whole. It is important to note that much of the excitement surrounding Myanmar stems from its 2011 shift towards greater economic openness to the rest of the world. Moreover, the upcoming ASEAN Economic Community 2015 is also likely to have a tremendous impact on the private sector in Myanmar. Hopefully this publication can serve as a reference for those seeking such information, and it can provide a wide-ranging understanding of the private sector’s current situation and how to help provide it with an equally-promising future.

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Introduction

Myanmar has a population of 51.4 million and is the second largest country in South-East Asia with an area of 676,578 sq. km. The country is rich in natural resources and fertile terrain, with large agricultural areas. Myanmar is strategically located between two giant markets, China and India, which enables it to benefit from the resurgence of economic growth in Asia and the Pacific, which is likely to be the most prosperous region in the world in the next decade. Thus, the country has much untapped potential for future growth and development.

English

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