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Competition will throw up best investors for Myanmar
But to attract foreign investments and to develop its private sector, the country needs to move quickly towards political, societal and institutional maturity and stability.
Like other late-developing countries, Myanmar suffers from low productivity, inadequate infrastructure, weak institutions and regulatory uncertainty, all of which will take time to improve, even in the best of circumstances.
PHOTO: REUTERS
NEWLY-democratic Myanmar faces many of the same economic opportunities and constraints that have confronted other late-developing Asian economies, including in their search for foreign investment.
On the opportunities front, relatively abundant natural resources and unskilled labour, and...
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