While the long-closed and suppressed country of Myanmar holds elections and starts to haltingly open up, Jim Rogers says the country has an amazing potential, similar to China when it first undertook its economic revival.
“If I could put all of my money into Myanmar, I would,” said Rogers at a Singapore last month, according to BI-ME.
Rogers noted that the country sits between the two BRIC countries, China and India. It is also rich in agriculture, metals and resources. He told CNBC that the country is an “astonishing opportunity.”
During the early part of the last century when Myanmar was ruled by the British, the country was the second-wealthiest in Southeast Asia. Years of government mis-rule and poor economic policy made the country one of the poorest in the region.
In other news, Aung San Suu Kyi cancelled her campaign for a seat in parliament after falling ill. She has been ordered by her doctor to rest and put on a drip. The country goes to the polls in April. Her party, the National League for Democracy, is participating in the upcoming election after being banned from past contests.
4 Comments
Raviksinha Ravi
Minining would be full of ups &downs for the Indian enterprenures venturing abroad & at home.But agriculture/horticulture along with Potash & Phosphorite mineral for fertilizer manufacture would be a very paying bet.Of the fertilizer minerals,Potash holds the highest potential.
Ravi Sinha
Raviksinha Ravi
I agree with Jim Rogers.Although I have not visited Myanmar,but going by the elementry knowledge of geology,climate & geomorphology of that country & the reading about the Chinese move on the resource exploitation in that country I firmly believe that India should grab the oppertunities.I have told my views to a couple of peopole who are associated with Indian Industry
Ravi Sinha
Web Development Services
I have been asked to take it to another exhibit because of people talking about it. Thanks!!!”
James Weick
really not very much to this article … is there more to this … or do we just assume Jim Rogers got it right?