An In-Depth Analysis of the Role and Prospects of Entrepreneurship Development in Myanmar: A Strategic Ecosystem Approach

This study explores the role and future prospects of entrepreneurship development in Myanmar by examining the entrepreneurial ecosystem. The research focuses on six key pillars of the ecosystem: access to finance, policy environment, infrastructure, human capital, market access, and business environment. Data were collected from 260 entrepreneurs across various regions of Myanmar through structured questionnaires and analyzed using descriptive statistics. The findings reveal that entrepreneurs in Myanmar face significant challenges, particularly in infrastructure and finance. Access to adequate electricity, transportation, and financial resources were identified as the most pressing issues. Additionally, human capital, including the availability of skilled workers and managers, was found to be a major constraint for entrepreneurial growth. Despite these obstacles, the majority of entrepreneurs exhibit resilience, with a strong motivation for success and a willingness to take calculated risks. This study suggests that improvements in infrastructure, financial support mechanisms, and targeted human capital development are essential for fostering a sustainable entrepreneurial ecosystem in Myanmar. The research provides practical recommendations for policymakers to address these challenges and support the long-term growth of entrepreneurship in the country.