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Foreign Direct Investment in Oil and Gus Sector in Myanmar
- Foreign Direct Investment (FDI) is a significant source of finance for many developing countries. It has the potential to ensure the sustainable economic and industrial deve1opment in Myanmar; FDI often leads to economic benefits such as employment opportunities, increased access to export markets, and entrepreneurial skill enhancement. In addition FDI often increases access to new technology, technological expertise and foreign exchange, all of which can divide the development process. In order to attract FDI, Myanmar has prioritized resource-based heavy investment resource-based export-oriented vaulted -added products, and labour-intensive export-oriented projects. Since Myanmar introduced a market- oriented economy and allowed foreign investment in1988, the country's energy sector had been the primary beneficiary of FDI as well as a pillar of the national economy. In this context, this study aims to explore the role lid potential of FDI in Myanmar's oi1 and gas sector. The development of the national oil and gas sector provides positive prospects for inflows of resources from abroad in the form of FDI, which has important. Implications on both economic and social development in Myanmar.
Chaw Chaw Sein
Lwin Cho Latt
Khine Thazin Soe
- Journal of the Asia Research Centre