Myanmar Foreign Direct Investment Policy:
Myanmar Foreign Direct Investment Policy: Should Myanmar place restrictions on MNCs by placing environmental and labour law
Executive Summary MNCs are one of the factors to contribute the country’s development. Myanmar’s economy is based on agriculture, and its natural resources. Thus, it has the bargain power regarding with these sectors and lack of bargain power regarding with country’s infrastructure, technical and management skills. As the economy is based on oil & petrochemical (gas), mining and agriculture, it needs to maintain the sound natural environment to get the sustainable economic development. In addition, most of the Myanmar workers have to work with low wages and they lose their labour rights. Hence, in this essay will present the policy of restriction on MNCs regarding with natural environment and labour law.
Introduction
This paper will analyze “should Myanmar place restrictions on MNCs entering into country’s economy?” In this study, I will focus on “Myanmar needs to attract MNCs to enter the country for economic development but we should place some restrictions in order to protect the environment damages and domestic workers.” First, it will explore the Myanmar’s political and economic situations. According to these situations, it will analyze the bargain power of MNCs and bargain power of Myanmar to get the feasible options for foreign direct investment (MNCs) policies. And then, it will narrow down these feasible options of Foreign Investment Policies. Finally, the paper will conclude and give the recommendation its chosen policy.
Current political and economic situations of Myanmar In this part, it will explore the current political and economic situation of Myanmar which can affect the MNCs entering into the country. The current situation of Myanmar is facing with declining in economics because of its mismanagement in economy and 2007 Nargis Cyclone. In addition, Myanmar is facing with western sanctions because of its human
Executive Summary MNCs are one of the factors to contribute the country’s development. Myanmar’s economy is based on agriculture, and its natural resources. Thus, it has the bargain power regarding with these sectors and lack of bargain power regarding with country’s infrastructure, technical and management skills. As the economy is based on oil & petrochemical (gas), mining and agriculture, it needs to maintain the sound natural environment to get the sustainable economic development. In addition, most of the Myanmar workers have to work with low wages and they lose their labour rights. Hence, in this essay will present the policy of restriction on MNCs regarding with natural environment and labour law.
Introduction
This paper will analyze “should Myanmar place restrictions on MNCs entering into country’s economy?” In this study, I will focus on “Myanmar needs to attract MNCs to enter the country for economic development but we should place some restrictions in order to protect the environment damages and domestic workers.” First, it will explore the Myanmar’s political and economic situations. According to these situations, it will analyze the bargain power of MNCs and bargain power of Myanmar to get the feasible options for foreign direct investment (MNCs) policies. And then, it will narrow down these feasible options of Foreign Investment Policies. Finally, the paper will conclude and give the recommendation its chosen policy.
Current political and economic situations of Myanmar In this part, it will explore the current political and economic situation of Myanmar which can affect the MNCs entering into the country. The current situation of Myanmar is facing with declining in economics because of its mismanagement in economy and 2007 Nargis Cyclone. In addition, Myanmar is facing with western sanctions because of its human