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Article

11 Jun 2013

Author:
Aron Cramer, BSR (Business for Social Responsibility)

Myanmar at the crossroads

The challenge of developing Myanmar is hard to overstate. Political turmoil remains close to the surface, with full reconciliation between the government and the main minority ethnic groups continuing to present a monumental challenge…Religious tensions (and at times violence) also persist, and the space for open debate and unfettered media is opening up, but still forming…Human capital development is desperately needed…International business has a crucial role to play in helping the people of Myanmar achieve a more prosperous future. Whether that becomes a reality depends on how investment proceeds in the country…Based on BSR’s work in the country over the past year…there are several key steps for investors to consider: Understand your partners…Conduct due diligence, especially on human rights…Support institutional development…Support balanced development…[Refers to General Electric, Marriott, Microsoft, Nike, PepsiCo, Telenor, Unilever]