Myanmar: the new centre of the world4 min read . Updated: 05 Jun 2013, 12:28 PM IST
Myanmar has gone from being a pariah state to one which is now being wooed by almost every power in the world
Later this week the World Economic Forum (WEF) will host its forum on East Asia 2013 in Naypyidaw. For most of us who are unfamiliar with South-East Asia, the choice of venue may not ring a bell immediately. For the uninitiated, it is the new capital of Myanmar (which some still refer to as Burma), replacing Yangon (erstwhile Rangoon). Well, if you are not up to speed, then do so fast, because the WEF event, a watering hole for global movers and shakers, is the formal signal from the business community that Myanmar has emerged as the new centre of the world. Setting the stage for the meeting was the release of the report, Myanmar’s moment: Unique opportunities, major challenges, by McKinsey Global Institute last week (Mint published a charticle, Myanmar: Future Bright, on 30 May).