Myanmar Special Economic Zones, Part III

Description: 

"Special economic zones have been highly successful in several East Asian economies, kick-starting new waves of foreign direct investment, employment and growth. Yet despite the success of Shenzhen and a handful of others, most SEZs throughout Asia have cost governments a fortune to build and brought little economic benefit. Given their poor track record, it?s refreshing to see that Myanmar?s most developed SEZ, Thilawa, bears strong resemblance to some of the region?s more successful schemes. Indeed, with finance secured, construction begun, and a dozen foreign investors already signed up, there is every reason to believe that Thilawa can provide a substantial boost to Myanmar?s economic development. In contrast to Dawei and Kyuakphyu, the Thilawa SEZ benefits from its proximity to an urban centre. Located only 20km south of downtown Yangon, Myanmar?s largest city, the site feels worlds apart, with only a smattering of industry breaking up the wide expanse of agricultural plots and untilled grasslands. It?s thus perfectly placed to build and expand whilst simultaneously taking advantage of the goods and services available in the country?s commercial capital..."

Creator/author: 

Josh Wood

Source/publisher: 

"New Mandala"

Date of Publication: 

2014-10-25

Date of entry: 

2014-12-13

Grouping: 

  • Individual Documents

Category: 

Language: 

English

Format: 

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