Located between a country that has become synonymous for export-led economic growth and a region that is now attempting to follow their lead, Myanmar finds itself in a prime position to transport the produce of the region’s factories all over the world. Exports, of course, require efficient and high-capacity ports, especially those that can handle modern, massive shipping liners with relative ease. The recipe is in the name.
Any list of Asia’s top ports resembles a who’s who of Asian Tiger economies. Singapore, Shanghai (China), Kaohsiung (Taiwan), Hong Kong, Tokyo (Japan), Busan (Republic of Korea), and Kelang (Malaysia) have all proved to be invaluable engines to their respective economies’ growth. As the world trends ever more towards increased global trade and shorter production cycles, the efficiency of ports can be the deciding factor in whether or not a venture is economical. It can also ensure livelihoods by enticing foreign capital to stay, even in the face of rising incomes. This is one reason that Chinese manufacturing continues to flourish despite galloping wage increases. Notably absent from these lists are the traditionally silted and poorly maintained ports in South Asia. Continue reading