Business Opportunities in Myanmar [Paperback]

Nanyang Business School (Author), Teck Meng Tan (Author), Tan Teck Meng (Author)

Book Description

Series: Nanyang Business Report | Publication Date: January 15, 1996

This text provides up-to-date coverage of the historical, cultural, regional and labour issues in Myanmar, explaining how the Myanmar government is promoting international investment in Myanmar, formerly Burma. The guide describes opportunities for business in Mayanmar and its neighbouring territories, the emerging Mekong economies of Vietnam, Laos, Cambodia, Yunnan Province in Southern China, and north-east Thailand. It covers local initiatives such as "Visit Myanmar Year", the "Master Plan for Regional Development of Yangon" and the development of the Summit Parkview Hotel, Myanmar. Offering essential information to investors, such as legal, accounting and tax considerations, the report also describes Myanmar's recent market-oriented reforms, together with special coverage of Maynamar's Handicraft Centre.

Editorial Reviews

From the Back Cover

Gives business people all the up-to-date information they need to take advantage of business opportunities in Myanmar.This book explains how the Myanmar government is aggressively promoting international investment in Myanmar, formerly Burma. It describes the regional opportunities of doing business in Myanmar with the emerging Mekong economies of Vietnam, Laos, Cambodia, Yunnan Province in Southern China, and northeast Thailand. It covers local initiatives such as Visit Myanmar Year, the Master Plan for Regional Development of Yangon, and the development of the Summit Parkview Hotel, Myanmar.This book is for all business people, investors, professionals and academics interested in an insider's view of doing business in Myanmar.

Excerpt. © Reprinted by permission. All rights reserved.

From Chapter 2:

The most important task for Myanmar today is the promotion of economic and social development, while acknowledging the importance of the cultural heritage of the people. This chapter first outlines the socio-economic development of Myanmar and then describes the cultural background, with emphasis on aspects peculiar to Myanmar.

When it took power in September 1988, the State Law and Order Restoration Council (SLORC) discarded the central planning type of economic management and adopted a market-oriented policy. The main objective of Myanmar's development overall economic growth in combination with preservation of the environment. Towards that end, a short-term plan was drawn up and is currently being implemented.

The key objectives are increased production, especially in agriculture, and increased export earnings from both goods and services.

Since adopting a market-oriented policy, Myanmar has recovered from the setbacks caused by the political disturbances of the late 1980s and gained momentum in its development efforts. GDP growth rates in 1992-93 and 1993-94 were 9.3 and 6.8% respectively.

Savings and investment rates in Myanmar are averaging 12% and 13% of GDP, respectively. These are not sufficient to sustain rapid economic growth. However, export promotion, market orientation and financial sector developments could stimulate greater domestic savings in the years ahead. Myanmar, as an export-oriented market economy in pre-war days, was able to save as much as 20% of GDP.

In the past, inappropriate macroeconomic policies and price controls adversely affected the agricultural sector. Since the decontrol major agricultural products in September 1987, and the adoption of a market-oriented system, agricultural production has picked up momentum.

Product Details

• Paperback: 310 pages
• Publisher: Prentice Hall PTR; 1st edition (January 15, 1996)
• Language: English
• ISBN-10: 0137132085
• ISBN-13: 978-0137132089
• Product Dimensions: 9 x 6 x 0.7 inches
• Shipping Weight: 1 pounds
• Amazon Best Sellers Rank: #2,415,452 in Books (See Top 100 in Books)