Possibility of Entrepreneurship in Myanmar

The economic enterprise in Myanmar has the potential for further development. With the hope to add some value to the daily lives of the people of Myanmar, in this endeavor, the present study reviews the extant literature of other countries developed earlier than Myammar. An exceptional study from the viewpoint of international business by Praharad （2010）shows that large companies could contribute to the enhancement of human life in developing counties. Five billion people in such countries could escape poverty through the creation of highly profitable businesses. Thus, instead of using approaches designed for developed nations, large companies could employ specific tactics to improve the wealth of both their companies and those in developing countries. Morduch et al.（2009）utilized the original research method of dairy finance to investigate financial activities in developing countries, and found a scarcity of opportunities for support in the following areas: 1）daily finance management, 2）long term financial savings, and 3）borrowing money for any purpose. Duflo’s（2010）primary investigation performed randomized comparative experiments to evaluate human development, health care, independent policy-making, and country governance. She deduced that policy goals must be aligned for the institution of effective educational strategies. Substantial medical costs must be incurred for health care. Governments should devote funds to disease prevention rather than medical treatment. Policy-making in developing countries clearly display the time inconsistencies of implementation. Loans at higher interest rates are apparently useful and, as a result, necessary. Frequent corruptions in the developing public fora and other such issues evidently inhibit development. Banerjee and Duflo（2011）revealed unprecedented findings on the lives of impoverished people. Poor people encounter food shortages; consequently, the low-priced foods such as grains are provided via international organizations and richer countries. Yet, many in such circumstances do not purchase other food to add more nutrition for their healthier survivals. People in the developing part of the world are, just like those in other countries, interested in a wide variety of food choices and options as well as modes of entertainment. These studies suggest that developing countries like Myanmar require the improvement of basic infrastructure in education, health and well-being, finance, and policy-making. Yet, these facets expose differences in the adjudication of methods for social change between developing and developed countries. Suitable field surveys are therefore critical for future research on the developments and entrepreneurship in Myanmar.departmental bulletin pape