• Journal of Korea Trade
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• 제24권1호
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• pp.146-170
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• 2020

Purpose - This paper addresses the concepts of FDI-Trade-Growth nexus in Myanmar's economy and empirically investigates the interrelationships of trade, investment and economic growth to reveal the growth model of Myanmar's economy. Additionally, this paper also addresses the cooperative strategies between Myanmar and South Korea through a case study related to South Korea's economic growth. Design/methodology - Our empirical model considers the interrelationship among FDI, trade, growth, labor force and inflation in Myanmar. This study employs ARDL (Autoregressive Distributed Lag) to conduct an analysis of the FDI-Trade-Growth relationships using the time series data from 1970 to 2016 and a conducted case study of South Korea provided for practical implication on cooperative strategies between Myanmar and Korea. Findings - Export equation was chosen through the diagnostic tests. Our main findings can be summarized as follows: Export in Myanmar is positively influenced by labor force, FDI, capital formation and negatively impacted by import and instable inflation rate in the long run. In the short run, GDP and import positively influence export. The Granger causality test proves that Myanmar is an FDI/labor force-led Growth economy, where FDI and labor force are main drivers of export followed by GDP in Myanmar. The case study of South Korea provided that Korea's tax and credit system for promoting export-led FDI industries and cooperative units for joint ventures between Korea and Myanmar in export-led FDI industries are recommended. Originality/value - No study has yet to be conducted on the interrelationships of macroeconomic factors from the perspectives of FDI-Trade-Growth Nexus in Myanmar under the assumption of labor force and inflation rate as fundamental conditions. The current study also covered a relatively longer period of time series data from 1970 to 2016. This paper also conducts a case study of South Korea's experience in order to evaluate the findings and provide better policy implications.

• The Journal of Asian Finance, Economics and Business
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• 제8권2호
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• pp.771-781
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• 2021

The purpose of this study is to identify major drivers of Myanmar's long-term economic growth and draw implications to implement development policies. This study investigated Myanmar, as the country is the most recently opened economy in Southeast Asia. This study conducted simulation analysis based on scenarios by applying World Bank's Long-Term Growth Model, Penn World Table 9.1, and World Development Indicator data. This study makes extensive use of LTGM and the LTGM-TFP extension to improve the validity of models for data calibration. This study confirms the validity of the model with data calibration and specifies scenarios for simulation analyses by setting the growth trajectory of Vietnam due to common geographical, political, and economic conditions. Main findings include that Myanmar's economic growth rate will continue to fall below 3% in 2040 without proper improvement of growth drivers. The results of this study also provide that total factor productivity growth and female labor participation are key factors for Myanmar's long-term economic growth. This study advises policymakers in Myanmar to strengthen human capital, which is crucial for total factor productivity growth in Myanmar's context and directly affects economic growth. Further, labor market policies to promote female labor participation is important to sustain economic growth.

• 한국항해항만학회지
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• 제41권5호
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• pp.251-258
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• 2017

Shortage of trained seafarers is an issue, which many ship-owners are facing and, according to recent studies, the shortfall of both officers and rating will worsen in the next few years. The key role of seafarers is of fundamental importance in international trade, as they are the ones responsible for safely manning and operating ships. In developing countries, they also perform a strategic aspect in terms of contribution to GDP, mainly by earning foreign currency and increasing national consumption of goods and services. Myanmar is still considered a developing country with an economy, which has only recently started growing steady. It is also one of the major seafarers supplying nations and the contribution, which seafarers have on the national GDP may be particularly significant in comparison to other countries. This study aims at investigating seafarers' impact towards the Myanmar national economy. The paper describes the status of Myanmar seafarers, and the seafarers' current and forecasted impact towards the Myanmar economy through a regression model. The study concludes with recommendations to make Myanmar seafarers more competitive internationally and increase their economic contribution nationally.

• East Asian Economic Review
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• 제19권2호
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• pp.167-188
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• 2015

The objective of this study is to obtain a better understanding of the current rice production condition in Myanmar through efficiency analysis, especially, to examine the impact of farm mechanization on Myanmar rice production efficiency. For representation of efficiency and the determinants, this paper uses both the data envelopment analysis (DEA) and the stochastic frontier approach (SFA) with variable returns to scale on Myanmar rice production. The efficiency of the rice production was estimated and subsequently the determinants factors were investigated based on the estimated efficiency level of these sample farmers. The empirical evidence finds that farm mechanical tools significantly improve the Myanmar rice production efficiency.

• Asia Pacific Journal of Business Review
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• 제1권1호
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• pp.40-55
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• 2016

Information and Communication Technology (ICT) has the potential to provide economic opportunities and help raise the social and political status of countries. For developing countries, ICT can be used as a tool for economic growth and social advancement in a short period of time. The benefits of ICT, however, are not only economic in nature. It can help improve professional skills, teaching quality, job creation, agricultural production, community involvement, and information use, personal relationships, and time use. These benefits are examples of how ICT has become an indispensable part of our lives. Myanmar is a developing country and is ranked low in the ICT Development Index. In terms of ICT development, Myanmar today is facing many issues such as a lack of telecommunication infrastructure, ICT awareness, electricity, and budget for ICT development. Among the economic reforms implemented by the recent government, the telecommunications sector has been opened up as a measure of economic reform. As a result of this reform, the telecommunications sector has been growing rapidly. Myanmar, however, remains behind other Asian countries. This paper discusses Myanmar's ICT infrastructure status, progress that has been made in the country's telecommunications over the last fifteen years, and the challenges that lie ahead.

• Journal of Contemporary Eastern Asia
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• 제20권2호
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• pp.278-297
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• 2021

Despite competing strategical interests over Southeast Asia that have emerged in the last decade, with the launch of wide scope geopolitical strategies Chinese and Japanese initiatives have been characterized by a certain degree of implicit coordination, particularly in offering support to the Myanmar state's territorializing strategies for economic development. The case of the Thilawa Special Economic Zones (SEZ) is exemplary, as it was a Japan-led project which became a model and benchmark example for similar development initiatives supported by the People's Republic of China.

• Journal of Contemporary Eastern Asia
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• 제20권2호
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• pp.210-236
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• 2021

China's Belt and Road Initiative infrastructure connectivity and other projects are presented in much of the discourse as a grand strategy to trap developing nations in debt, to exert asymmetric power and construct a new world economic order. The asymmetric relationship between China and Myanmar might therefore be expected to generate a range of political risks for stakeholders. Myanmar itself presents a "perfect storm" of problems, with dysfunctional governance, civil conflict, under-development and growing economic dependence on China. The Kyaukphyu port project and associated Special Economic Zone in Myanmar's troubled Rakhine state is investigated as a case study of risks on the Belt and Road. While worst case fears China might seize military control of the port appear unlikely, at least in current conditions, empirical observation indicates the complexity on the ground generates an array of other risks - as well as opportunities, should conditions allow. Further, despite challenges and constrained capacity, Myanmar governments have demonstrated agency, including by re-negotiating control and costs of the Kyaukphyu project. The case underlines that conditions are more complicated than simply China's asymmetric power. A sceptical approach is taken to normative discourses in order to build inductive understanding of how stakeholders and local experts perceive dynamics underway. A political risk approach is deployed to develop a framework to identify, analyse and assess risks for actors in relation to the Kyaukphyu project. The research findings are presented on an interim basis, given current constraints on field interviews due to the current crisis.

• 토지주택연구
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• 제8권3호
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• pp.145-159
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• 2017

Despite the longing for democracy of most people, Myanmar has missed opportunities for social and economic development by military dictatorship. However, since 2010, the civilian government has gained new opportunities for reform. After turning to economic reform, developed countries such as the US and EU lifted the economic sanctions that they had taken in the past. As a result, it is growing rapidly compared to neighboring countries due to attracting foreign capital, tariff benefits on export items, and expansion of industrial infrastructure. Despite the increased investment value due to economic growth and democratization, the complex and customary land system of Myanmar must be an uneasy factor in securing stable land rights when entering overseas markets. Therefore, this study sought the method of securing the land rights in the development project through the analysis of the foreign investment system in Myanmar and the investigation of joint development cases. The results of this study are as follows. First, the acquisition of land use rights at the early stage of development can be considered through the foreign investment system. Under the Foreign Investment Law and Myanmar Investment Law, the land can be used for up to 70 years, and Under the Special Economic Zone Law, the land can be used for up to 75 years. Second, in relation to land compensation, it is required to establish a detailed resettlement plan for the indigenous people as the difficulty of land acquisition is expected due to the recent democratization trend and strengthening the voice of residents. Third, land use at the operational stage can be achieved by leasing the land from developers, and this will be the most realistic plan at present. In other words, the developer can directly develop the land created under the Foreign Investment Law and the Special Economic Zone Law, or Sub-lease and transfer the land use right to a third party.

• 한국과 국제사회
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• 제3권2호
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• pp.183-220
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• 2019

소프트 파워는 국제 교류 및 지역 협력에서 중요한 역할을 하고 있다. 방글라데시 중국 인도 미얀마 지역은 지리적으로 보면 서로 인접되어 있으며 역사적으로 왕래가 빈번한다. 2013년 중 인 양국이 방글라데시 중국 인도 미얀마 경제회랑 건설을 제의한 후에, 방글라데시와 미얀마가 이 제안에 적극적으로 호응하면서 4국 간의 교류는 더욱 밀접해진다. 방 중 인 미 경제회랑 지역은 중국 서남과 방글라데시 인도 미얀마를 연결하는 중요한 통로 될 것이고, 이를 통해 관련지역의 문화교류도 많아질 것이다. 하지만 4국 간에는 문화교류는 중국과 인도의 소프트 파워에 의해 불균형한 상태로 보인다. 중국 인도는 방글라데시 미얀마에 대해 문화 제품이 더 많이 수출하고 있고, 이는 많은 분야에서 방글라데시와 미얀마에게 영향을 주고 있다. 향후에 이 경제회랑은 문화교류 및 협력 가속화하는 배경 하에, 지속 가능한 발전 체제를 구축해 나가야하며, 이를 통해 4국의 소프트 파워 영향력을 균형화시켜서 지역문화의 백화제방(百花齊放)를 달성할 것이다.

• 국제지역연구
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• 제21권4호
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• pp.125-139
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• 2017

본 연구는 미얀마의 지역 간 인구이동의 결정요인과 패턴을 분석한다. 인구이동은 경제적 요인과 사회적 요인뿐만 아니라 지역적 특성 등 다양한 요인에 의해 영향을 받는다. 소득과 취업 그리고 사회간접자본과 같은 요소에 의해 영향을 받는다. 따라서 본 연구는 다음의 두 가지 연구문제를 분석하려고 한다. 첫째로, 미얀마의 개혁과 개방으로 농촌에서 도시로의 인구이동이 일어나고 있는 지 분석하려고 한다. 미얀마에서도 다른 개도국들이 경험했던 인구이동의 패턴이 발생하는 지를 검증하려고 한다. 둘째로, 미얀마의 인구이동에 사회간접자본이 미치는 영향을 분석한다. 도로, 전기, 수도 등 기본적 사회간접자본이 인구이동에 미치는 영향을 분석한다. 이는 지역 균형 발전을 위한 사회간접자본의 투자 정책 결정에 시사점을 줄 것이다. 분석결과 첫째로, 미얀마의 인구이동 패턴은 다른 개도국이 경험한 것과 같이 농촌에서 도시지역으로의 인구이동이 일어나고 있다. 미얀마의 도시지역인 양곤과 만달레이 지역으로 인구이동이 이루어지고 있는 것으로 분석되었다. 둘째로 도로를 비롯한 사회간접자본은 인구를 흡입하는 능력이 있는 것으로 분석되었다. 셋째로, 취업기회는 미얀마 인구이동에 가장 큰 영향을 미치는 것으로 분석되었다. 경제개발 초기 단계이지만 해외 자본이 들어오고 있는 상황에서 취업의 기회가 높은 지역으로 인구가 이동하는 것으로 분석되었다. 이는 해외자본을 통해서 경제개발이 이루어지고 있는 상황에서 해외자본의 유입의 방향과 지역의 발전의 불균형 정도가 결정될 것으로 분석된다.