You might call my buddy Andreas a bit of a cowboy.
He’s German, so not exactly John Wayne, but he has succeeded in the Wild Wild East, in one of the world’s truly emerging markets.
Andreas lives and works in Myanmar — formerly known as Burma. It’s a country in Southeast Asia sandwiched between India and Thailand, and for decades, it was about as isolated as North Korea. (In fact, it relied on North Korea for engineering help and arms, and in turn sent the starving nation rice.)
But unlike North Korea, about ten years ago Myanmar looked around and realized that while its neighbors — especially China and India — were on an economic upturn, it was missing out on the party. So it decided to overhaul its government, open up to foreign investors and, as the Asia Times puts it, “emerged, blinking, into the global light.”
Andreas had an opportunity to jump into a big job in Myanmar right around the time the country was opening up, in 2011. Since then, he has had a much bigger and more varied career than he ever could have as a banker in Germany.
In other words, Andreas took a calculated risk, expanded his world, and created new opportunities and freedom for himself. Very Plan B.
Now he’s got some advice for you if you’d like to explore an emerging market like Myanmar.
Read on to see how our four universal strategies for making money in an emerging market can apply to Myanmar, and for Andreas’s advice on making it in that fascinating frontier market.
He’s German, so not exactly John Wayne, but he has succeeded in the Wild Wild East, in one of the world’s truly emerging markets.
Andreas lives and works in Myanmar — formerly known as Burma. It’s a country in Southeast Asia sandwiched between India and Thailand, and for decades, it was about as isolated as North Korea. (In fact, it relied on North Korea for engineering help and arms, and in turn sent the starving nation rice.)
But unlike North Korea, about ten years ago Myanmar looked around and realized that while its neighbors — especially China and India — were on an economic upturn, it was missing out on the party. So it decided to overhaul its government, open up to foreign investors and, as the Asia Times puts it, “emerged, blinking, into the global light.”
Andreas had an opportunity to jump into a big job in Myanmar right around the time the country was opening up, in 2011. Since then, he has had a much bigger and more varied career than he ever could have as a banker in Germany.
In other words, Andreas took a calculated risk, expanded his world, and created new opportunities and freedom for himself. Very Plan B.
Now he’s got some advice for you if you’d like to explore an emerging market like Myanmar.
Read on to see how our four universal strategies for making money in an emerging market can apply to Myanmar, and for Andreas’s advice on making it in that fascinating frontier market.
You might call my buddy Andreas a bit of a cowboy. He’s German, so not exactly John Wayne, but he has succeeded in the Wild Wild East, in one of the world’s truly emerging markets. Andreas lives and works in Myanmar — formerly known as Burma. It’s a country in Southeast Asia sandwiched between India…
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