For decades, the Anglo-Saxon economic model has increasingly disenchanted the developing world. It has found the overemphasis on financial indicators and the lack of regard for people, the land and water, health and culture run counter to the long-term interests of society.
A shift towards recognising the interdependence of an economy’s various actors has been ongoing. In many ways, Thailand has been ahead of this curve and has taken up a leadership role globally, as it recognised early the possibility that other, superior ways of organisation may exist.
Leveraging its strategic location, Oman has invested in infrastructure with the goal of becoming a global logistics centre. While the country is less hydrocarbons-rich than its GCC neighbours, diversification efforts are a driving force behind its economic growth. The sultanate’s long-term development strategy, Oman Vision 2020, emphasises industrialisation, privatisation and Omanisation, and resulted in a real GDP growth rate of 3.3% in 2015. At the same time, foreign direct investment inflows have risen from $739m in 2014 to an estimated $822m in 2015.
In recent years trade and investment in Myanmar have soared, buoyed by ongoing efforts to liberalise the economy and a successful political transition in November 2015 that saw the country’s first civilian-led government elected to power in modern history. Political reforms have brought significant economic benefits and with a host of domestic reforms, sustained growth is expected. While the country still faces challenges, including a transport infrastructure deficit and a lack of reliable electricity supply, it is seen as a destination of opportunity, and international investment is expected to remain strong in the coming years.