Managing Myanmar's Resource Boom to Lock in Reforms

Cullen S. Hendrix () and Marcus Noland
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Cullen S. Hendrix: Peterson Institute for International Economics

No PB14-11, Policy Briefs from Peterson Institute for International Economics

Abstract: Myanmar is in the midst of a long and difficult multifaceted transition, involving political liberalization, economic reform, and the resolution of multiple long-standing civil conflicts. The country has a history of ethno-religious conflict and separatism. Civil-military relations are muddy, and business-military-state relations are similarly opaque. An ongoing natural resource boom, and the blessings and curses that come with it, further complicates these developments. Given the country's evident institutional weaknesses, external policy anchors could play a critical role in this transition. Hendrix and Noland address the possible role for such international precommitment mechanisms—in particular, the Extractive Industries Transparency Initiative (EITI)—in Myanmar's growing extractive sector.

Date: 2014-04
New Economics Papers: this item is included in nep-sea
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