Can Sri Lanka Eradicate Poverty and Reduce Income Inequality by 2030?
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Can Sri Lanka Eradicate Poverty and Reduce Income Inequality by 2030?

Although inequality in a society is not a new phenomenon, if inequality persists, without proper attention, it could affect the overall economic growth of the country and the efforts to reduce poverty. Reducing incidence of poverty by half and eradicating extreme poverty, are two of the important targets expected to be achieved by 2030, under […]

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Millions of Tourists, Millions of Opportunities
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Millions of Tourists, Millions of Opportunities

This article is written to mark the World Tourism Day 2015 – under the theme “The World Tourism – One Billion Tourists, One Billion Opportunities” This year´s World Tourism Day highlights the global potential of tourism for socioeconomic development. “With more than one billion international tourists now traveling the world each year, tourism has become […]

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Insights into Sri Lanka’s Re-based GDP Estimates
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Insights into Sri Lanka’s Re-based GDP Estimates

Sri Lanka’s re-based GDP estimates suggest that the economy has grown by 5.5 per cent in the first half of 2015. The figures rely on the re-basing of the country’s national accounts compilation undertaken by the Department of Census and Statistics (DCS). The most current approximations were based on 2002 production and consumption patterns. Over […]

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Facilitating Trade between Sri Lanka and India
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Facilitating Trade between Sri Lanka and India

Irrespective of whether the Indo-Lanka FTA (ILFTA) is going to be extended to a Comprehensive Economic Partnership Agreement (CEPA) or not, one cannot ignore the importance of the Indian market for Sri Lankan exporters. It is indeed a large market with 1.3 billion people and a rising middle-class – those who earn between INR 20,000-INR […]

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Sri Lanka’s Election Pledges: Do We Really Need that Many New Jobs?
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Sri Lanka’s Election Pledges: Do We Really Need that Many New Jobs?

With the general election just days away, all contesting parties have pledged new job opportunities; the United National Party’s (UNP) election manifesto pledges 1 million new jobs in 5 years, the United People’s Freedom Alliance (UPFA) tops it off with 1.5 million jobs by 2020, while the Janatha Vimukthi Peramuna (JVP) promises 60,000 jobs per […]

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The Road to Becoming an Energy Independent Country: Can We Deliver?
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The Road to Becoming an Energy Independent Country: Can We Deliver?

Sri Lanka annually imports 2 MMT of crude oil, 4 MMT of refined petroleum products and 2.25 MMT of coal. This costs approximately 5 billion USD and covers 44% of the energy requirements. It also accounts to 25% of the import expenditure and almost 50% of the total export income. As a result, Sri Lanka’s […]

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Renewal of US GSP: What It Offers Sri Lankan Exporters
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Renewal of US GSP: What It Offers Sri Lankan Exporters

Pic Caption: President Obama at the signing ceremony for the Trade Promotion Authority and Trade Preferences Extension legislation    President Obama signed the ‘Trade Preferences Extension Act of 2015’ on 29 June 2015 authorizing the renewal of the US GSP scheme, almost 2 years after it expired. The scheme, instituted in 1974 and renewed periodically […]

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Charting a Course for Sri Lanka’s Economy: Politics Triumph Economics for Now
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Charting a Course for Sri Lanka’s Economy: Politics Triumph Economics for Now

Sri Lankans might be forgiven for thinking that the country’s economy must be sufficiently strong to be put on auto-pilot indefinitely while policy makers focus their energies almost entirely on political reforms for the better part of six months. Indeed, it appears to fall back on the belief that the economy is inherently resilient, based […]

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Adopting a Blue Economy Approach in Sri Lanka
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Adopting a Blue Economy Approach in Sri Lanka

The development process known as ‘Greening’ has been the foremost topic of discussion for years, while ‘Blue’ seems to be the new ‘colour’ entering the ongoing dialogue. ‘Blue’ talks about the use of ocean and its resources sustainably. The blue economy approach will not replace but mutually support the green economy, for the use of […]

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