Myanmar, the Southeast Asian country still called Burma by many people, is rapidly emerging from almost 50 years of military rule and related economic isolation.
The country, which is slightly smaller than Texas and home to more than 50 million people of many ethnicities, religions and language groups, has great potential. Apart from known and hoped-for oil and gas resources the country also has substantial tin, zinc, copper, tungsten, lead and coal resources, as well as jade, other gemstones and hardwoods.
A few days spent in the former capital Yangon earlier this month proved a real eye opener. Those five decades of isolation have led to a many idiosyncrasies and problems, making it a struggle for most foreign investors to do business there.
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