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Sovereign Wealth Funds Briefing - Categorized | Market

Myanmar: Caution urged over a sovereign wealth fund

Posted on 05 August 2014

Sweeping reforms have increased the opportunity for foreign investors to develop Myanmar’s 11.8 trillion cubic feet of natural gas and 50 million barrels of crude oil, potentially worth more than US$60 billion over the next 30 years. This anticipated influx of investment in the petroleum sector raises concerns that Myanmar should implement resource management strategies to mitigate problems generally associated with the “resource curse”.
The resource curse is a paradox that refers to countries with an abundance of natural resources counterintuitively experiencing negative economic growth for a variety of reasons, including government mismanagement and declining economic competitiveness………………………………………..Full Article: Source


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