Abstract: "This paper comparatively examines the economic policies of Myanmar in transition with other Asian countries? experiences and test the credibility of the policies with econometric methodology. Comparative studies with other emerging economies and transitional stages offer the opportunity to examine Myanmar?s transitional policies clearly and found out that Myanmar is at the cross road and not focusing on the old pattern of developments of other?s success stories. Myanmar is definitely not focusing on the productivity of agriculture for the surplus transfer to industrialization. It assesses the development pattern of Myanmar from the theoretical perspective. Growth models mainly address the importance of saving and capitals, human capital, openness to the trade, macroeconomic stability, political stability, technological change and most importantly the surpluses transfer from agriculture to industrialization as key drivers to economic growth. Based on the Cobb-Douglas production function, this paper tests the credibility whether the economic policy reform of Myanmar is contributing much to the growth and development. It employs the time series data set from IMF staff estimates, World Bank, ADB, MOFA, and the technique of cointegration test within an Autoregressive Distributed Lag Framework (ARDL ) proposed by Pesaran (1997) . The empirical results show that the economic policies of new Myanmar government are not focusing on the right direction to realize the potential gains and last but not least, the paper shades lights on the policy recommendations."