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Burma by Balbir B. Bhasin

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Chapter 2

Business Potential and Markets

Foreign investment is crucial for Myanmar’s economic growth and development. Myanmar has begun the steps to rationalize its economy and badly needs both investment and expertise to sustain the process. It is opening itself to international trade. McKinsey, in its June 2013, assessment of the country, notes that “Myanmar would benefit all it can to allow foreign companies to invest in the country and to facilitate that investment to support strong and sustained growth.”1

The country needs external investment capital to fund and build infrastructure as well as to acquire essential technology. It also needs to develop its human capital. Myanmar has been overly reliant on agriculture in the past. Emerging ...

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