Investment of Natural Resource Rents for Development in Myanmar

Centre for Social Responsibility in Mining (CSRM) Working Paper, 2017

25 Pages Posted: 26 Jul 2017

See all articles by Shabbir Ahmad

Shabbir Ahmad

University of Queensland

Saleem Ali

University of Delaware; University of Queensland, School of Politics and Sustainable Minerals Institute; Columbia Center on Sustainable Investment

Date Written: July 24, 2017

Abstract

The main objective of this paper is to analyse the resource management issues in macroeconomic perspective for Myanmar. We identify various gaps to improve the overall performance of the economy and provide a benchmarking for translating the resources to promote sustainable consumption as well as saving and investment behaviour in the economy. Our focus is on fiscal rule management and its assessment to help policy makers diagnose existing issues hindering economic growth despite extractive industry investment. The identification of weaknesses and strengths of resource management unfolding the bottlenecks will be helpful to suggest the viable policies. Linking tax collection to effective forecasting and planning for revenue volatility due to commodity prices is essential for government spending calculations in a resource dependent economy (thus linking precepts 7, 8 and 9 of the Natural Resource Charter). The private sector’s role in bringing forth capital and innovation into the extractive economy are analysed in this context so as to ensure that economic diversification is also encouraged.

Keywords: Myanmar, Natural Resource Governance, Transparency, Development Effectiveness

JEL Classification: Q01, Q02, Q38

Suggested Citation

Ahmad, Shabbir and Ali, Saleem, Investment of Natural Resource Rents for Development in Myanmar (July 24, 2017). Centre for Social Responsibility in Mining (CSRM) Working Paper, 2017, Available at SSRN: https://ssrn.com/abstract=3007622 or http://dx.doi.org/10.2139/ssrn.3007622

Shabbir Ahmad (Contact Author)

University of Queensland ( email )

St Lucia
Brisbane, Queensland 4072
Australia
61 7 33468083 (Phone)
61 7 33468166 (Fax)

HOME PAGE: http://researchers.uq.edu.au/researcher/10045

Saleem Ali

University of Delaware ( email )

Newark, DE 19711
United States
8023380440 (Phone)
8023380440 (Fax)

HOME PAGE: http://www.saleemali.net

University of Queensland, School of Politics and Sustainable Minerals Institute ( email )

St Lucia
Brisbane, Queensland 4072
Australia
+61478876032 (Phone)

HOME PAGE: http://https://en.wikipedia.org/wiki/Saleem_Ali_%28academic%29

Columbia Center on Sustainable Investment ( email )

3022 Broadway
New York, NY 10027
United States

HOME PAGE: http://ccsi.columbia.edu/about-us/fellows-interns/

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