Sri Lanka State of the Economy 2014 Report

Publication

The IPS Flagship Publication is available for sale from the IPS premises at No. 100/20, Independence Avenue, Colombo 07 (Tel: +94-11-2143107, +94-11-2143100), and bookshops island-wide. For more details, contact the IPS Publications Unit.

ISBN

978–955–8708–80–4

Published Year

October 2014

Price

US $ 25

Over the past half-Century, Asia has seen the most spectacular examples of economic development spanning from Japan to South Korea, Singapore and Hong Kong. In more recent decades, China and India have led the way as fast growing economies, spearheading Asia’s seemingly relentless economic rise. While there seems little disagreement that Asia will continue to be a dynamic centre of global growth, the pace at which countries in the region will grow to lay claim to a collective ‘Asian Century’ is subject to considerable debate. Ageing populations, rising wages and other costs, environment degradation, and a prolonged and weak recovery in developed economies are only some of the challenges facing the region.

For Sri Lanka, the prospect of an invigourated Asia is clearly important as the country seeks new development partners, markets, and investors in its post-war economic expansion efforts. The development experiences, policies and institutions of its neighbours in Asia are being examined more thoroughly than ever before. An integral part of this learning curve is not only to emulate the successes, but also to avoid the pitfalls.

The Sri Lanka: State of the Economy 2014 argues that, while the Sri Lankan context is no doubt different, and following the Asian trajectory identically may not be feasible or desirable, there are salutary lessons to draw from Asia’s rise, both for Sri Lanka’s own development journey but also in understanding how to best latch on to it. Pursuing policies that temper growth with sustainable resource management, and instituting reforms that enhance productivity in driving economic growth will assure Sri Lanka a better chance to meet its interlinked goals of sustained economic prosperity and social harmony.

The report is available for sale from the IPS premises at No. 100/20, Independence Avenue, Colombo 07 (Tel: +94-11-2143100, +94-11-2665068), and bookshops island-wide. More details of the report could be obtained from the IPS website: www.ips.lk.

Policy Insights

CHAPTER 3
RISING ASIA: OPPORTUNITIES AND CHALLENGES FOR SRI LANKA

CHAPTER 4
THE ASIAN DEVELOPMENTAL STATE – ‘GETTING THE INTERVENTIONS RIGHT’

CHAPTER 5
DEMOGRAPHIC CHALLENGES OF AN AGEING ASIA

CHAPTER 6
ENVIRONMENTAL OUTCOMES OF ASIA’S ECONOMIC RISE

CHAPTER 8
Learning from Asian Best Practices in School Education

MediaCoverage

General Coverage

Institutional credibility a must

Ceylon Today – 21st October 2014

IPS releases ‘Sri Lanka: State of the economy 2014’ report
Daily FT – 30th October 2014

IPS releases ‘Sri Lanka: State of the economy 2014’ report
Daily Mirror – 30th October 2014

IPS releases ‘Sri Lanka: State of the Economy 2014’ report
The Island – 30th October 2014

IPS State of the Economy 2014: A critical probe shows hidden risks and defects of policies
Daily FT – 8th December 2014 

IPS State Of The Economy 2014: A Critical Probe Shows Hidden Risks And Defects Of Policies
Colombo Telegraph – 8th December 2014

Chapter 3 –  ‘ Rising Asia: Opportunities and Challenges for Sri Lanka’

Rising Asia: Opportunities and Challenges for Sri Lanka
Ceylon Today – 7th November 2014

Rising Asia: Opportunities and Challenges for Sri Lanka
Daily Mirror – 7th November 2014

Rising Asia: opportunities and challenges for Sri Lanka
The Island – 7th November 2014

Rising Asia: Opportunities and challenges for Sri Lanka
The Nation – 9th November 2014 

Chapter 4 –  Th e  Asian  Dev elopment al  St ate:  ‘Gett ing  t he  Int ervent ions      Righ t’

The Asian Developmental State: ‘Getting the Interventions Right’
Daily FT – 14th November 2014 

The Asian Developmental State: ‘Getting the Interventions Right’
Daily Mirror – 14th November 2014

The Asian Developmental State: ‘Getting the Interventions Right’
The Island – 15th November 2014 

Getting the interventions right!
The Nation – 16th November 2014

Chapter 5 – ‘ De mographic Challenges of an Ageing Asia’

Demographic Challenges of an Ageing Asia
The Island – 21st November 2014 

Demographic Challenges of an Ageing Asia
Daily Mirror – 21st November 2014

Demographic Challenges of an Ageing Asia
Daily FT – 22nd November 2014 

Demographic challenges of an ageing Asia
The Nation – 23rd November 2014 

Chapter 6 –  ‘ Environ men t al  Out comes  of  Asia’ s  Econ omic  Rise ’

Environmental Outcomes of Asia’s Economic Rise
Daily Mirror – 27th November 2014

Environmental outcomes of Asia’s economic rise
The Island – 28th November 2014 

Environmental outcomes of Asia’s economic rise
Daily FT – 29th November 2014 

Environmental outcomes from Asia’s rise
The Nation – 30th November 2014

Chapter 7 –  ‘ Urbanizing Asia, lessons for Sri Lanka’

Urbanizing Asia, lessons for Sri Lanka
The Island – 16th December 2014

Urbanizing Asia, lessons for Sri Lanka
Daily Mirror – 16th December 2014

Chapter 8 – ‘Learning from Asian Best Practices in School Education’

Learning from Asian best practices in school education methodologies
The Island – 21st December 2014

Learning from Asian Best Practices
The Nation – 28th November 2014