Triplicating success

25 07 2012

See on Scoop.itInclusive and Sustainable Business

LAST month Thein Sein shared with an audience an “aspired goal” for his country’s economy: to triple per-capita GDP by 2016. With the current population that would entail inducing output to grow by more than 25% year on year—no mean feat by any standard. Even gas-rich Qatar, home to one of the world’s fastest-expanding economies last year, grew by a mere 14%. Apparently, realism in the realm of economics is not among the president’s many strengths. (In May Daw Aung San Suu Kyi made headlines by warning foreign investors against placing “reckless optimism” in Myanmar at the World Economic Forum. The government was displeased.) But most of the businesses involved understand that it will take time to get the country’s dismal infrastructure into good working order.

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