Myanmar Flexes Its Diplomatic Muscles

Myanmar's chairmanship of the Association of Southeast Asian Nations (Asean) is expected to boost the country's diplomatic and economic prospects. In April the country, which opened itself up to the world and outside investment only two years ago, successfully hosted finance ministers from...

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Bibliographic Details
Published in:Global Finance 2014-05, Vol.28 (5), p.8
Main Author: Clouse, Thomas
Format: Article
Language:English
Subjects:
Corruption
Economic impact
Foreign investment
International organizations
Memberships
Reforms
Trade liberalization
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Summary:Myanmar's chairmanship of the Association of Southeast Asian Nations (Asean) is expected to boost the country's diplomatic and economic prospects. In April the country, which opened itself up to the world and outside investment only two years ago, successfully hosted finance ministers from the 10 member countries that make up Asean. The meeting -- one of hundreds to be hosted this year by Myanmar -- comes only a week after the country awarded contracts to 13 multinational firms to develop offshore oil blocks. Myanmar's renewed diplomatic efforts signal improving institutional strength and bode well for continued foreign investor interest, Moody's Investor's Service wrote in an April report.
ISSN:0896-4181