Country Profile
Considered to be the last frontier market in South-east Asia, Myanmar remains focused on creating the required conditions to attract and facilitate foreign investment, in turn spurring economic development. Following decades of military rule that maintained a socialist and centrally planned economic model, cutting off access to the world’s financial markets and main trading routes, Myanmar’s ongoing transition towards a market economy and electoral democracy has caught the attention of investors worldwide. The gradual removal of economic sanctions, by both European governments and the US, contributed to putting Myanmar on the map, gaining a reputation as an increasingly attractive investment destination in the early 2010s. Investors have been drawn by the size of its market, abundant natural resources, fertile land and strategic geographic location between the world’s most populous countries, China and India. This chapter contains viewpoints from State Counsellor Daw Aung San Suu and President U Win Myint.
