Myanmar: The Next Economic Frontier in Asia

Another great writeup by my friend Roger Lee Huang who’s doing his thesis on Myanmar.

Major changes are currently taking place in Myanmar. In little over a year, the nominally civilian government under President Thein Sein has introduced a series of liberal reforms leading to rapprochement with the West. The re-engagement with the broader international community demonstrated by a series of high-level visits by Western diplomats has also piqued investors’ interest.

Already real estate prices in Yangon have soared to unprecedented and unrealistic levels and reportedly hotel rooms are in short supply as a new generation of global statesmen, journalists, venture capitalists, aid workers, and tourists all swarm into the country that has already been declared possibly the next “economic frontier in Asia” by the International Monetary Fund (IMF).

Source: Digital Development Debates

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