Priority assignments for economic development of Myanmar

Priority assignments for economic development of Myanmar

Among various factors of production, labor is the most important factor for economic development. Capital, itself, cannot function without labour, and technological progress is achieved through the efforts of human beings. So, while all labor is necessary for economic development, civil servants are one of the most crucial elements especially in less developed and developing economies where the market mechanism is weak, and thus, the role of governments is relatively more important. In such economies, therefore, it becomes an urgent task to enhance public sector capacity.

The Republic of the Union of Myanmar is categorized as a developing country and the market system has not been fully developed. Moreover, Myanmar is now poorer than its neighboring countries. Therefore, we can say that the need for enhancing public sector capacity is greater than other neighboring countries and is the most
effective way, as well as being a short-cut to fulfill Myanmar’s doctrine, “Towards a New Modern Developed Nation.”