Investment in Burma must benefit locals
A report released by the Dutch think-tank, the Transnational Institute, expressed concern at the prospect of massive development projects in conflict-ridden parts of Burma.
“Burma has entered a pivotal stage in its political and economic development,” the report said, “The advent of a new quasi-civilian government has raised the prospect of fundamental reforms.”
With political reforms has also come a surge in international investment. And while regional investment could foster economic growth and improve livelihoods, the TNI says that Burma lacks the institutional and governance capacity to manage this windfall.
The foreign-funded mega projects have not benefited local communities, TNI says.
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