Breaking Business as Usual

Market-based reforms and the opening up of trade and investment initiated over the past four years have had a positive impact on growth in Myanmar. These have enhanced private sector participation and increased the role of exports in the economy. Reforms have included streamlined business entry procedures, reduced export and import licensing requirements, and enhanced public-private partnerships and dialogue. Promoting private sector competitiveness and inclusion in Myanmar have enormous potential to drive job creation, economic diversification, and structural transformation. This would involve improving the investment climate with an emphasis on transparency and predictability; reducing trade costs and strengthening connectivity for economic integration; enhancing public-private partnerships; and strengthening institutional capacity to drive the reform process. The ongoing peace process calls for careful sequencing of reforms, starting with reducing the costs of doing business and engaging in trade; consulting with local communities; and supporting vulnerable groups adversely affected by economic changes.

Bibliographic Details

Main Authors:	Schneider, Charles, Rahardja, Sjamsu
Format:	Report biblioteca
Language:	English en_US
Published:	World Bank, Yangon 2016-01
Subjects:	TARIFFS, SINGLE SHARE, FINANCIAL SERVICES, CAPITAL MARKETS, REGULATORY FRAMEWORK, EXTERNAL COMPETITIVENESS, RENEWABLE RESOURCES, SKILLED WORKERS, PUBLIC-PRIVATE PARTNERSHIPS, FOREIGN INVESTORS, INFORMATION TECHNOLOGY, INCOME, INTEREST, PRODUCERS, PROPERTY RIGHTS, EXCHANGE, TIMBER, LABOR FORCE, JOINT VENTURE, REVENUES, BANKRUPTCY LAW, INCENTIVES, MINORITY INVESTORS, INVESTMENT ACTIVITIES, FACTORS OF PRODUCTION, WARRANTS, TAX, ECONOMIC STABILITY, BANKRUPTCY, MARKET ACCESS, FOREIGN INVESTMENTS, PREFERENTIAL ACCESS, COMMUNICATIONS, FOREIGN INVESTOR, EQUITY CAPITAL, MARKET ENTRY, ARBITRATION, EXPLOITATION, FOREIGN TRADE, LACK OF TRANSPARENCY, LABOR COSTS, OIL, LEGISLATIVE FRAMEWORK, TELECOMMUNICATIONS, CONTRACT ENFORCEMENT, REGIONAL TRADE, FOREIGN COMPANY, CONTRACTS, DEMOCRACY, TRADING, OPTIONS, LABOR PRODUCTIVITY, REGULATORY SYSTEM, MARKETS, CONNECTIVITY, FORESTRY, LAND OWNERSHIP, PRIVATE SECTOR DEVELOPMENT, ECONOMIC REFORMS, ACCESS TO TELECOMMUNICATIONS, DIRECT INVESTMENT, NATURAL RESOURCES, FINANCIAL SYSTEM, CONFIDENCE OF INVESTORS, FINANCE, LIBERALIZATION, TAXES, LAND USE, RESOURCES, EQUITY, INVESTORS, GOOD, WAGES, INVESTOR INTEREST, TRANSPARENCY, BARRIERS, TRADE FINANCE, TURNOVER, FUTURE, STATE ENTERPRISE, REGULATORY ENVIRONMENT, FOREIGN DIRECT INVESTMENT, CAPITAL RAISING, CREDIT, QUALITY STANDARDS, FOREIGN INVESTMENT, CONTRACT, GOVERNANCE PRACTICES, PROPERTY, JOB CREATION, INSTITUTIONAL CAPACITY, RAPID EXPANSION, ENVIRONMENT, MARKET, FOREIGN EXCHANGE, EQUITY INVESTMENT, INVESTMENT POLICY, URBAN DEVELOPMENT, SECURITIES, REGULATORY CONSTRAINTS, GOVERNANCE, EXPOSURE, ENFORCEMENT, INSURANCE, MANUFACTURING INDUSTRIES, TRADE, ECONOMIC INTEGRATION, INTERESTS, GOODS, INVESTOR, INVESTOR PROTECTIONS, LAND, LOCAL ECONOMIES, INVESTMENT CLIMATES, INVESTMENT, SHARE, COMPARATIVE ADVANTAGE, INVESTMENT CLIMATE, PUBLIC PARTICIPATION, POVERTY, BUSINESS ENVIRONMENT, ARBITRATION LAW, ECONOMIC LIBERALIZATION, PRIVATE INVESTMENTS, MOBILE PHONES, FOREIGN COMPANIES, INVESTMENTS, RISK MANAGEMENT, WORLD TRADE, COMMUNICATION, AUDIT, EXCHANGE CONTROLS, PRIVATE SECTOR GROWTH, COMMUNICATIONS TECHNOLOGY, FINANCIAL SECTOR, FOREIGN EQUITY, DOMESTIC INVESTORS, COMPETITION, CORPORATE GOVERNANCE, INVESTING,
Online Access:	http://documents.worldbank.org/curated/en/2016/02/25929483/breaking-business-usual-fostering-competitiveness-dynamic-environment-private-sector-growth https://hdl.handle.net/10986/23783
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