World Bank releases Myanmar Future Jobs main report

World Bank is estimating job opportunities in Myanmar by releasing the Myanmar Future Jobs main report on 8 September.
The report is categorized into a macroeconomic context for more and better jobs, Myanmar’s labour force, jobs in agriculture, micro enterprises, private sector jobs and migration as a jobs strategy.
The report described that jobs are a priority policy for Myanmar. Myanmar has experienced rapid economic growth and structural transformation in recent years, accompanied by an expansion of jobs in the private domestic sector.
Economic growth and private sector development are necessary, but it is still not sufficient to meet the job demands in Myanmar. The report presented that over one-third of workers own a family farm and 16 per cent are also agricultural labourers. One in four people own non-farm related household businesses. Among wage earners who do not work in agriculture industry, half are engaged in small firms while the others are working in large, domestic or foreign private firms or in government jobs.
The nature of jobs in each sector, except the public sector, is described in the report, mentioning the challenges to improving those sectors and policy suggestions to develop sector-specific job strategies.
This report identifies priority areas that could have the greatest impact on each sector in promoting a framework for job policy reform under the government’s Myanmar Sustainable Development Program (MSDP).
According to this report, 24.1 million are working in various sectors, with 8.5 million in agriculture, 6.2 million in household enterprises, 3.9 million as hired laborers
in agriculture industry, 1.7 million as private firm employees and 2.8 million working abroad as migrant workers.
In a bid to generate more and better jobs, there are three key macroeconomic challenges. First, Myanmar’s lack of resilient agricultural infrastructure and narrow production base can have serious long-term consequences on the quality and stability of employment. Second, the country is experiencing difficulties to control competitive exchange rate, which is critical to the employment generating potential of tradable sectors.
Third, small-and medium-sized enterprises have limited financial access, making more difficulty to create more jobs.
Myanmar still has severe competitiveness constraints that hamper investment, job creation and growth. Poor policy implementation and weak institutions can lead to low competitiveness, which can be seen through macroeconomic instability, poor public service delivery and high cost of doing business.
Myanmar attracts foreign investors with low-cost labor. The country’s productivity enhancing reforms will be critical for increasing its competitiveness and driving job creation.

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