Monday 29 August 2016

Embracing Globalisation: The Case Of Sri Lanka

Some of the new economic initiatives announced by the Sri Lankan government about integrating the economy with the wider world, initially acquiring land to create special economic zones where large scale investment projects from India and China are to be invited to locate, are a refreshing departure from an economically dysfunctional post-independence mindset of nationalist pre-conception of the national interest as a zero sum game with the world beyond: their gain is our loss and our gain is their loss. Sri Lanka at the time of independence boasted an economy more prosperous, a population that was better educated and a society which was largely free of the worst dysfunctional aspects of religion which characterize the neighbouring countries of the sub-continent. Yet the country became ensnared by angst over identity and suspicious of opening up the economy to the world at a time when development was fueled by trade. The changed mindset informing recent economic initiatives holds out prospects for greater prosperity. Read more>>>

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