the 1980s as a student and returned in the 1990s as a journalist. In
2002, he came back again -- this time for good and as an investor.

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once called “quite unlike any place you know about” attracted almost
900 participants. It was the largest influx of foreign investors
Myanmar’s 55 million people have ever seen. More than 100 years later,
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the next election in 2015? Confusion reigns over a recently passed
investment law. How much access will foreigners really have to
Myanmar’s natural resources? Too little? Too much?
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Since Myanmar won’t have the luxury of ignoring these risks, its
development may go smoother than, say, [70]Vietnam’s, which investors
often compare with Myanmar. Vietnam is seen as a prisoner to pendulum
economics: Investor sentiment swings from heady optimism to dark
pessimism.
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Myanmar can avoid these boom-bust cycles by getting the basics right
today. That means telling investors clamoring to cash in on one of
[71]Asia’s last frontier markets to take a deep breath and be patient.
Myanmar must craft investment laws that benefit the broader population.

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