Tuesday, June 11, 2013

Myanmar: A land of opportunity?-video




We look at the winners and losers of the country's political and economic reforms.



Reclusive and sealed off during its five decades of military rule, Myanmar is now in the throes of democratic and economic reforms, which - if analysts are to be believed - could completely transform the country.
According to McKinsey Global Institute Myanmar's economy could quadruple in size to $200bn, with annual growth of 8 percent by 2030,
To actually get to that point, it is going to need to spend an estimated $320bn. But the rewards for the people could be huge: 10 million non-farm jobs could come from all that investment - in a country that right now depends on agriculture.
Neighbouring China has invested $14bn, representing one-third of all foreign investment in Myanmar.
And despite sanctions over the last 30 years more than $20bn have been invested in Myanmar's natural resources projects. Japan has written off nearly $2bn in debt from past loans and is contributing more than $500mn for infrastructure projects.








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