Big Ambitions: Can Myanmar Take Down the Economic King of ASEAN?
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Look out Singapore; Myanmar is coming for you. Investors have long lusted for Myanmar’s natural resources. After all, the country’s workforce is young and inexpensive. Myanmar is also strategically located between Asia’s new powerhouses, India and China.
As the country emerges from decades in the wilderness Aung San Suu Kyi wants her nation to overtake Singapore as ASEAN’s economic engine. For now, she wants more Singaporean businesses to invest. In 20 years time, she wants to leave Singapore in Myanmar’s dust with rapid economic growth and development.