Five Growth Strategies for Myanmar: Re-Engagement with the Global Economy

Abstract

After decades of isolation, Myanmar is now actively re-engaging with the global economy. For successful re-engagement, Myanmar needs to implement comprehensive economic reforms based on a shared vision of long-term economic development characterized by human-centred, sustainable, pro-poor, inclusive, high and balanced economic growth. In this paper, we propose five growth strategies: an “Agriculture Plus Plus” strategy; an export-oriented strategy; a foreign direct investment driven strategy; a two-polar growth strategy; and a domestic economic corridors development strategy. These strategies are used as guides to translate wide-ranging development agendas into a set of implementable policies, programmes, and projects.