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Myanmar: Unlocking the Potential - A Strategy for High, Sustained, and Inclusive Growth

Author

Listed:
  • Jean-Pierre Verbiest
  • Ronald Findlay

Abstract

Recognizing the need to formulate policy strategies for the changes it faces, Myanmar started a multifaceted reform process in 2011. But speeding up development requires a multipronged but more coherent strategy targeted at strong and resilient growth, employment generation and, ultimately, rapid reduction of poverty. The government needs to carefully prioritize and sequence reforms, and identify and address the constraints to allow acceleration of economic growth by expanding the large domestic market and developing a vibrant manufacturing export sector that can generate substantial employment. This paper briefly reviews Myanmar’s history and its legacy, examines the economy and some of the main policy reforms undertaken since 2011, assesses development potential, and outlines medium- and long-term growth strategy based on the country’s specific context and international best experiences and practices.

Suggested Citation

  • Jean-Pierre Verbiest & Ronald Findlay, 2015. "Myanmar: Unlocking the Potential - A Strategy for High, Sustained, and Inclusive Growth," Working Papers id:7218, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:7218
    Note: Institutional Papers
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    Cited by:

    1. Bolesta Andrzej, 2018. "Post-socialist Myanmar and the East Asian Development Model," Central European Economic Journal, Sciendo, vol. 5(52), pages 172-185, January.
    2. Edwin Bernard F. Lisaba & Neil Stephen A. Lopez, 2021. "Spatiotemporal Comparison of Drivers to CO 2 Emissions in ASEAN: A Decomposition Study," Sustainability, MDPI, vol. 13(11), pages 1-21, May.
    3. So Pyay Thar & Robert J. Farquharson & Thiagarajah Ramilan & Sam Coggins & Deli Chen, 2021. "Recommended vs. Practice: Smallholder Fertilizer Decisions in Central Myanmar," Agriculture, MDPI, vol. 11(1), pages 1-20, January.
    4. So Pyay Thar & Thiagarajah Ramilan & Robert J. Farquharson & Deli Chen, 2021. "Identifying Potential for Decision Support Tools through Farm Systems Typology Analysis Coupled with Participatory Research: A Case for Smallholder Farmers in Myanmar," Agriculture, MDPI, vol. 11(6), pages 1-20, June.

    More about this item

    Keywords

    economic diversification; macroeconomic stability; Myanmar; natural resource-based sectors; regionally balanced development; social inclusion;
    All these keywords.

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy

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