Myanmar: Unlocking the Potential

Asian Development Bank (adb), Asian Development Bank (adb) (), Asian Development Bank (adb) and Asian Development Bank (adb)
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Asian Development Bank (adb): Economics and Research Department, ADB
Asian Development Bank (adb): Economics and Research Department, ADB

No RPT146781-2, ADB Reports from Asian Development Bank (ADB)

Abstract: After 3 years of historic reforms, Myanmar has entered a pivotal stage in its socioeconomic development. Natural, cultural, and demographic advantages are positioning the country for long-term success, but many challenges and potential pitfalls lie ahead. This publication examines how to leverage the opportunities and offers solutions to the challenges. For Myanmar to achieve its economic transition, considerable investments will have to be made in infrastructure and developing human capital, and progress made on building institutional capacity, a regulatory environment for the private sector to flourish, and a modern finance sector. In all reform efforts, the government should embrace good governance, and strive for inclusive, environmentally sustainable, and regionally connected growth. Ensuring that the benefits of growth are shared broadly and regionally balanced stands out in a crowded development agenda.

Keywords: Myanmar unlocking the potential; Myanmar economic transition; Myanmar economic potential; Myanmar economic development; Central Bank of Myanmar; Ministry of National Planning and Economic Development; Framework for Economic and Social Reforms; Myanmar Comprehensive Development Vision; National Comprehensive Development Plan Myanmar CGE model; Core growth strategies; governance and public sector reform; macroeconomic and financial stability creating a business-enabling environment; leveraging rich endowment; enhancing regional connectivity and integration promoting human development and poverty reduction; pursuing environmentally sustainable growth public-private partnership; financial sector reform policy; responsible tourism; infrastructure development inclusive growth; industrial development (search for similar items in EconPapers)
Pages: 232 pages
Date: 2014-09
New Economics Papers: this item is included in nep-sea
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