A Series of Burmese’s Reform Plan To Increase Economic Growth

As a matter of fact, Burma has its potentials to increase the gross domestic product up to hundreds of million of Dollars in the future should the government continues to carry out its reform. This is according to the study of the advisory company on economy and talented businessmen. Referring to the International Monetary Fund (IMF) also revealed that the reform of the current Burma’s leader is beefing up the existing economic growth.

Presently, Burma is the most poor nation in the Asia within gross domestic product around 52 billion Dollars indicated in 2012 and the there are 60 million populations. For some decades ago, under the martial-ruling regime, the Burmese economy was stagnant and rattled by corruption, incapable of economic leadership and suffers by sanctions from the international communities.

Nevertheless, the experts and economists around the world oversee that Burma is a nation which exists substantial economic potentials and social security. And based on the assumption of the economic advisory company’s study indicates that Burma’s economic potentials are able to boost Burma the increasing of its gross domestic product, it is worth hundreds of million of Dollar over 15 or 18 years ahead.

The estimation of the economic growth could be reach to that figure exactly if the government still continues such reform. Besides the rich natural resources, Burma also has a favorable geography which located in between China, India and other Asian countries which covered high potentials in economy. In addition on natural resources and its existing strengths, Burma is able to increase the economic potentials through human resources development like improved education system, boost for research study and adapt the new technologies, better healthcare, bank service improvement, and business services.

The experts also recommended that Burma should pay more attention on technology development and update the traditional agriculture toward modern agriculture.
We see that the major gross domestic product of Burma is coming from agriculture and make worth billions of Dollars. A study reveals that the Burmese’s economy which is a leading sector could increase the gross domestic product is worth about dozens of million Dollars every year.

However, in order to reach this goal it is required that Burma needs the investment basically from abroad. Likewise, Burmese government has to ensure the foreign investors in keeping the current such reform and dealing with local issues including racial and religious conflicts so that to convince stability for international communities and foreign investors.

Currently, under the ruling of Burmese leader, Burma was reformed of politics and economy and being removed from economical sanctions from the international communities. That is why there are now western companies start to enter Burmese commercial running because Burma is the rich natural potentials nation in Asia block for example natural gas fundamentally.

The good results from its reform based on good governance, it can generates income from the tax collection and use this income to serve many public service sectors like healthcare or education and so on…this is a good start-up for its long term development in the society.