Myanmar’s Growth and Employment Potential Through Trade and Investment: Some Challenging Issues
Myanmar is a late entrant in post-WTO international trade regime. As a result, although it enjoys the perceived flexibility of adjusting its heavily biased trade basket according to need, it also faces cut-throat competition from its more established neighbours. Sometimes it is believed that participation in regional economic groupings is the way out but this chapter shows that it is only a necessary condition as success in this route depends on the prior market interaction among businesses across countries. The other important aspect which is highlighted is the unambiguous role of the manufacturing activities in trade which will simultaneously create jobs since it will also give a boost to the service sector. In this context, this chapter argues that Myanmar’s participation in global or regional value chains holds the key to such development.
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