The Influence of Political and Economic Transition on the Development of Entrepreneurship in Myanmar

International Journal of Economics and Management Studies

© 2019 by SSRG - IJEMS Journal

Volume 6 Issue 2

Year of Publication : 2019

Authors : May Oo, Kihwan Kim

10.14445/23939125/IJEMS-V6I2P103

How to Cite?

May Oo, Kihwan Kim, "The Influence of Political and Economic Transition on the Development of Entrepreneurship in Myanmar," SSRG International Journal of Economics and Management Studies, vol. 6,  no. 2, pp. 12-19, 2019. Crossref, https://doi.org/10.14445/23939125/IJEMS-V6I2P103

Abstract:

With the recent political and economic reforms, Myanmar, a southeast Asian nation previously known as Burma, has entered a new era of liberalization. The people of Myanmar are ready to seize the opportunity to develop the country, enjoy their liberty and re-engage with the international communities. There is an unrealized potential of entrepreneurship in Myanmar that has been hindered by the military cronies for decades. This paper explores how the political and economic transition facilitates the development of entrepreneurship in Myanmar. The country shows exponential growth mainly in internet access and mobile phone usage. The paper also discusses the growth potential of e-commerce and the challenges the country faces as an underdeveloped nation, such as inadequate infrastructures, lack of technology and human capacity. The cooperation between government and development partners will be the main support that can unlock the potential of entrepreneurship in Myanmar. Therefore, this paper aims to promote entrepreneurship and attract foreign investors by analyzing the new economic policy, the business environment, entrepreneurial characteristics, and focusing on the impact of mobile connectivity on the five prominent sectors; e-commerce, manufacturing, international entrepreneurship, rural entrepreneurship, and education.

Keywords:

Mobile connection. Entrepreneurship, Myanmar

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