In the larger scheme of things, telecom reforms are easy. But they involve technical expertise and are likely to result in terrible errors like Timor Leste’s multi-decade monopoly, Thailand’s concession contracts, Bangladesh’s fixed licenses, and so on, as we pointed out. The Reuters report provides a good overview of the challenges facing reformers in Myanmar. As Myanmar opens up after almost 50 years of army rule, and foreign investors descend on the resource-rich country of 60 million, its long-isolated institutions are struggling to keep up, raising the risk of a policy misstep that could wreck stability in this nascent democracy. The pace of change, already frenetic, looks set to accelerate after President Thein Sein announced on June 19 a second phase of reforms.