Myanmar rush risks undermining progress

Description: 

"As governments continue to discuss how to ease sanctions in Myanmar, fears are increasing that a sudden massive influx of foreign investment could be detrimental to the delicate ongoing transition. "I see a rush of over-investment, to the extent that things that can be done to slow down investment may be in the long-term interest of the country," Lex Rieffel, an economist and Southeast Asia expert with the Brookings Institution, said on Thursday at the Council on Foreign Relations, in Washington. ?I can assure you that even if we keep sanctions in place, there is going to be plenty of investment in this country. But what we will probably see is underinvestment in people - the government is currently meeting with every Tom, Dick and Harry, but there is no time being set aside for important decision-making or implementation.?..."

Creator/author: 

Carey L Biron

Source/publisher: 

Asia Times Onlie

Date of Publication: 

2012-05-05

Date of entry: 

2012-05-06

Grouping: 

  • Individual Documents

Category: 

Language: 

English

Format: 

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