TopCat
ELITE MEMBER
- Joined
- Nov 20, 2008
- Messages
- 15,736
- Reaction score
- -3
- Country
- Location
Oh trust me. There are plenty of willing financiers out there. Remember that Myanmar is an infintely more resource rich country than yours and despite military rule and complete sanctions, out GDP per-capita still outperforms yours by a little bit. Also remember that literacy rates are much higher than in South Asia and that our education system, despite neglect, is still punching above its weight (I myself went through an excellent education in Yangon before moving to the west).
Here's what Joseph Stiglitz has to say about it:
"Burma
If other country can do it you can do it as well. You dont need to compare our per capita as we house more than 150 million people with 1/8th the size of your country. With all shortcomings we are doing great and most of our investment coming from domestic source not from foreign source. The strength lies within not outside.
Now, I am saying it from my own experience. Creating an entrepreneur class do not come easy. Getting hold of technology is even hard. Generating primary capital for investment even harder. Creating a market and a brand name for your country is a distant dream. These are the primary prerequisite for you to overcome to get yourself in the high growth tragactory.
Now you have high literacy race which is a plus but not the upmost necessity as long as you have enough skilled manpower for your growth driven industry. The biggest backdrop of your country, its not a inclusive society. You have insurgency running all over your country. You dont have electricity in Rakhaine yet selling all your gas and energy to foreign client to feed your huge government. I bet the same situation prevailed all other part of the country except ofcourse Yangoon. You need to first address those issue then think about becoming a Tiger.