Ampornstira, Fuangfa and John Walsh, “Perspectives on Investment in Myanmar’s Infrastructure: Viewpoints of Foreign Investors,” GITAM Journal of Management, VOl.9, No.2 (April-June, 2011), pp.1-10.
Infrastructure, broadly defined to include a wide range of facilities from road and rail to telecommunications and internet connectivity, can play important roles in economic development, improving the efficiency of governance and social cohesion. InMyanmar, the level of infrastructural development has until recent years been very poor and has constrained economic and social development. However, oil revenues have enabled both a significant increase in expenditure on infrastructure and the reason for it. Since infrastructure concessions require technical capacity and financial and managerial resources, it is certain that foreign private sector partners will be involved in jointly developing projects. To date, little has been discovered of the views of the representatives of such foreign partners concerning the issues and difficulties involved in doing business in Myanmar and how, if at all, they are able to overcome these .Using the results of a program of qualitative research, this paper seeks to provide some baseline information on these perspectives and concludes that the military government is involved in opening the country to a very limited form of capitalist development, with pre-capitalist modes of contracting and restriction of infrastructure development to those areas which it believes it can continue to control.