"The government of the Republic of the Union of Myanmar has announced a series of political and economic reforms since Mr. Thein Sein became the first president in March 2011. More than a few companies which had hesitated to invest in Myanmar from the EU, the United States, Japan and ASEAN have now started to seek a way to invest in the country effectively with minimal risk. Many other companies, however, have not changed their ?wait and see? attitude without making a decision to invest in Myanmar. Nevertheless, for the Myanmar government, it is necessary to make adequate preparations for attracting foreign direct investment (FDI) irrespective of the realization of an investment boom in the country. Here, in order to give input to the government and business community of Myanmar, we would like to consider the positive and negative effects of FDI in accordance with the experiences of other East Asian countries..." ...The Burmese version was publised in the Union of Myanmar Federation of Chambers of Commers & Industry, Vol.16 No.11, November 2012.