Labour migration from Sri Lanka has experienced many changes in recent years. Often, these are due to traditional reasons, such as oil price fluctuations and the slowing down of growth in destination economies; but another factor that could contribute to shifts in migration patterns is the transformations taking place in the world of work in the Fourth Industrial Revolution (4IR). This blog examines the influence of 4IR on changing patterns of labour migration from Sri Lanka.
Innovation and technology are rapidly transforming production in a variety of industries and reshaping occupation profiles. Some jobs are being made obsolete while there are new types of work emerging. Is Sri Lanka’s job market ready to face the challenges and leverage the opportunities presented by the Fourth Industrial Revolution? Nisha Arunatilake and Chathurga Karunanayake explore.
The importance of 4IR and Sri Lanka’s preparedness for it has gained growing prominence in policy discourse, albeit at a superficial level. As such, Sri Lanka needs to focus on both technological preparedness as well as creating a complementary economic ecosystem. To do so, policymakers and private sector stakeholders alike should be cognizant of three critical pillars of 4IR readiness: digital readiness, human capital readiness, and economic agility. This blog by Kithmina Hewage briefly discusses Sri Lanka’s position against these three pillars.
The ongoing battle between the US and the Chinese tech giant, Huawei, is escalating due to both parties’ eagerness to dominate 5G technology, the next major global technological revolution. Just recently, the US government blacklisted Huawei, creating chaos around the globe. Despite this, 5G technology is a massive breakthrough in the telecommunication industry and can herald significant changes in Sri Lanka as well. A few network service providers have already taken initiatives to deploy this technology in the country. This blog highlights the factors that prompted the accelerating tension between US and Huawei, and in turn discusses how it might affect Sri Lanka.
The presence of a large population of youth not in education, employment, or training (NEETs) is a major cause for concern for Sri Lanka. Worryingly, the country recorded a NEET rate of 26.1% in 2016, above the ILO global average estimate of 21.8%. In this blog, Ashani Abayasekara looks at the factors that increase the likelihood of youth becoming NEET and gives several policy recommendations to improve the situation.