23 April 2013
NTS Insight (Apr 2013) | Will the Resource Tide Lift all Boats? Responsible Development in Myanmar
Abstract
Political and economic reforms in Myanmar have brought a wide range of companies and state enterprises to its doorstep – all eager to tap the country’s abundant natural resources and its growth potential. However, in the absence of strong regulatory frameworks, Myanmar could fall victim to its own resource abundance. What is required therefore are frameworks for responsible resource management founded on the principles of transparency, accountability and community engagement. Such frameworks are essential for ensuring that Myanmar’s natural wealth leads to sustainable and widely beneficial development, and will only grow in importance as the country becomes more integrated into regional and global economic systems.
Abstract
Political and economic reforms in Myanmar have brought a wide range of companies and state enterprises to its doorstep – all eager to tap the country’s abundant natural resources and its growth potential. However, in the absence of strong regulatory frameworks, Myanmar could fall victim to its own resource abundance. What is required therefore are frameworks for responsible resource management founded on the principles of transparency, accountability and community engagement. Such frameworks are essential for ensuring that Myanmar’s natural wealth leads to sustainable and widely beneficial development, and will only grow in importance as the country becomes more integrated into regional and global economic systems.
