Document Type

Paper

Publication Date

Spring 2024

Abstract

As a country endowed with great natural resources and a rich agricultural base, remains one of Southeast Asia’s most economically underdeveloped nations. Years of political instability, conflict, and limited institutional capacity have pulled back economic growth. Myanmar continues to face internal challenges including youth unemployment, underutilized rural labor, and weak infrastructure, alongside external obstacles including global trade barriers and limited foreign investment. This paper will highlight the current population, it’s impact on GDP and other variables that contribute to the GDP. It will also examine the key challenges to Myanmar’s’ economic growth and evaluates which development model offers the most promising path forward. By analyzing Myanmar’s comparative advantages including labor and natural resources, the paper argues that the Harris-Todaro model can change the economic stability on Myanmar, With the right investments in agriculture, human capital, and infrastructure, Myanmar can change to a more productive economy.

Notes

Course: ECO 442, Economic Development (Dr. Margaret Chasara)

Download

Share

COinS