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The Promise - and the Pitfalls; Business
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 407 no. 8837 (May 2013)
,
page SS10-SS11.
Topik:
Politics
;
Economic Development
;
Foreign Investment
;
Manyindustries
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.76
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Many outsiders see Myanmar's opening up as an unmissable economic opportunity. It is the last large Asian country to become connected to the world economy, leaving only North Korea, which is both smaller and infinitely less promising. Myanmar, with about 60m people, is closer to Thailand (70m) or Vietnam (88m). Indeed, its rapid development recalls Vietnam's opening up, the doi moi, in the late 1980s, after decades of war and isolation. The opportunities for foreign investors are plain. Myanmar has oil and gas in abundance, but investors are equally interested in what it does not have, which is pretty well everything else. After decades of state control and economic isolation, Myanmar is almost devoid of any functioning financial services; one bank estimates that only about 10% of the population have any sort of bank account. Spotting the opportunity, 28 foreign banks have set up representative offices in the country. Under existing legislation all they are allowed to do is conduct research, but the potential for full retail banking is clear. Microfinance companies are already permitted to operate. Cambodia's very successful ACLEDA bank, which has a strong presence in microfinance throughout the region, has just opened in Myanmar and should do well.
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