Fortunate to be endowed with a wealth of natural assets, Myanmar is well positioned to engage a multi-pronged development strategy that draws on agriculture, mining and extraction, manufacturing and services. For the strategy to be a success, the internal peace process and renewed relations with major bi- and multi-lateral partners will be important. Myanmar can also benefit from its advantageous location between major growth poles and markets, such as China and India, and its proximity to the ASEAN tigers to regain – or even exceed – the importance it once enjoyed as a regional hub.

Myanmar has already undertaken some major reforms and the political will to take them even further appears strong. Myanmar will need to address important, long-standing issues related to the economy that include an environment that is still not very conducive to business, the lack of skilled labour, and under-developed infrastructure.

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