Where is Myanmar on the World MapWho is Myanmar on the world map?
People of Myanmar on the World Population Grid. They are also the world's largest exporter of teak wood and one of the most important sources of jade, pearls, rubies and sapphires.
Burma is slowly opening up to the outside worid. Rapid business development follows
Burma is undergoing rapid change and has experienced rapid economical change in recent years due to policy changes. After 50 years of multinational seclusion under a military jungle, President Thein Sein in 2011 multiplicated the tokens of economical and democracy frankness (political detainees released, press censure relaxed...) and began a dialog with Aung San Suu Kyi, head of the oppositions.
Burma could take off. The policy reform was recompensed by substantial foreign debts cancellation before the way was paved for a significant relaxation of foreign penalties. Myanmar's performance and appeal to investors are simple. Abundant in terms of biodiversity (gas, coal, etc.), it has a low-cost, young labour force for the processing industry, which can compete favourably with local rivals, particularly in the textiles industry, and a high level of hydroelectric and agricultural capacity.
Consequently, foreign direct investment is on an uptrend ( "first in the power sector, then in telecommunications and manufacturing), reinforced by several SEZs and a new FDI-legislation. In spite of remarkable advances, Myanmar continues to hold many dangers that should remain for a long time to come. The majority of the world' s populations are impoverished and are not benefiting from the booming economy, which is a cause of unstable growth in a rapidly developing world.
As Myanmar relies on natural Gas for 30% of its export, lower power costs could impact on low but still sufficient currency resources and keep the country on a devaluation track. It is a very challenging and highly fragmented market, with one of the world's largest levels of bribery, an insecure constitutional state and infrastructural constraints.
Internal safety is a growing policy issue. Long-term inter-ethnical conflict in frontier areas and increasing Buddhist and na-tionalist extremism against the Rohingya minorities (and Muslims) pose a high level of danger of unrest riots and force, which could be further intensified by the fast pace of globalization. Its most likely result is a San Suu Kyi faction win and a continuing policy shift.
But as the pace of the policy making slowed and the reform of the constitution met with opposition - Mrs San Suu Kyi is excluded from the chairmanship - the armed forces are required to hold on to their own interests and restrict policy reform by holding a black majority in parliament. Dissatisfied hopes of democracy could reinforce domestic insecurity, exacerbate ethical tension and dampen prospects.
Although Myanmar seems irrevocably on the road to becoming economically open and developing in order to stay a highly prospective fronttier economy, major issues, especially policy issues, could restrain it and make the prospects for risks insecure.