Myanmar is perhaps Asia’s last country to embrace globalisation. Myanmar had a memorable past. Emerging from decades of economic and political isolation, Myanmar is striving for rapid growth and integration with the world. Located at the crossroads of Asia, Myanmar possesses rich culture and tradition, vast natural resources, access to ocean, a relatively young population and a market with wide-ranging investment opportunities. Today, Myanmar faces a number of significant challenges, among which revitalising the stunted economy and restoring it to the normal growth path are the most daunting task. At the same time, Myanmar is still not well connected with neighbours as well as globally. Myanmar’s growth and integration process is held up primarily due to inadequate infrastructure, domestic and international, and lack of managerial experiences in running the economy in an inclusive manner. Myanmar needs rapid growth to feed its development works. An overarching priority for the new government would, therefore, be to further strengthen the global integration process. Myanmar is unique in terms of its strategic location—two large economies of the world, namely, India and China, are its immediate neighbours. This chapter presents an overview of Myanmar’s current development phase and outlines the objectives of the book and narrates them sequentially.
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