Owing to the military dictatorship and to multiple embargoes, Myanmar has been ignored by foreign investors for more than 50 years. It is now time for Burma to experience an unprecedented political and economic revival. Since the country has paved the way for a democratization process, the Burmese GDP increases by approximately 7% each year.
Myanmar has always had abundant natural resources and a particularly low labor cost but there was no political willingness to build on those strengths to attract foreign investors and capital. However, things are changing with President Thein Sein who has made economy one of its highest priorities. In addition, the US and the UE have recently ceased their boycotts and sanctions against Myanmar.
The country’s opening provides major opportunities for western companies, especially for buyers who are looking for alternative sourcing….