Description
Institute of Southeast Asian Studies Establishing Infrastructure Projects Priorities for Myanmars Industrial Development Part I1 The Role of the Private Sector 2014 Edition by Stuart Larkin
The issue of establishing infrastructure projects for Myanmar's industrial development is addressed in two parts. Part I focuses on the role of the private sector, how Myanmar's conglomerates can take the lead on infrastructure development with financing from the new China-led multilateral development banks. Part II focuses on the role of the state. The government needs to work closely with the conglomerates and also adopt measures and policies that will facilitate this model of infrastructure development. once Myanmar's tycoons fully take on board the new financing options available with the creation of the two new China-led multilateral development banks they could once again become more engaged with the domestic political class, particularly over the 2015 election period with its prospect. The private sector should indeed take the lead in Mayanmar's overall economic development. after all, Ne Wins socialism was a severe wrong turn for the country, largely responsible for leaving the country where it is now. But the secret source of the prosperous market economy could well be paradoxically a strong state. talented political leadership and an established trend of strengthening state capacity, is necessary to utilise the power of private enterprise.