After half a century of economic neglect, private investors in Mongolia, Russia, and other oil-rich Capsian Sea countries are investing a sum on $25 million into the Myanmar Fund to directly invest in the country. A managing partner of the fund, known as the Silk Road Fund, predicts that with 5 years campaigning and funding that Myanmar's gross domestic product could double, with a projected cost of $100 million dollars required. Economists from Indonesia have stated that the Silk Road Fund is making a strategic first move into a government that is willing and capable of showing economic and political reform to grow and prosper.
Earlier this week the Myanmar government passed a reform on the foreign investment law. The IMF has predicted that at this rate Myanmar could see a 6.2 percent economic increase this year, putting it above all other countries in southeast Asia. The Silk Road Fund released a joint statement with the Myanmar government saying that this is an "irraversible change" and that the country will see nothing but continued growth. Thein Sein of Myanmar has shifted towards a more democratic government that the developed world is more willing to play with.
Myanmar shows a willingness and a stragetic plan that could be a new model for developing the rest of the world. If Myanmar continues this growth and contributes it's oil reserves to the global market it will see a large economic shift adding significant wealth to a country that has not seen any stable economic wealth in decades. Myanmar could quickly become the largest, most powerful, economy in southeast Asia within the next 10 years. The US risks losing a potential ally in Myanmar that is already receiving support from Russia and Mongolia. China has considered investing in the fund.
http://www.bloomberg.com/news/2012-11-01/silk-road-plans-investments-for-myanmar-fund-southeast-asia.html
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