Governance
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Can Sri Lanka Learn from the Korean SME Promotion Strategy?

Last week, a team of Korean experts, who had been tasked with making recommendations on five policy areas for Sri Lanka (including SME development), submitted their final report to the authorities. I was particularly interested when I heard of this visit as I just completed a Visiting Fellowship at the KDI where my key research area was industrial policy in Korea, with a focus on SMEs. In the final research paper, I put forward some aspects of Korea’s SME development that may hold lessons for Sri Lanka. This article highlights some of those ideas for further debate.

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Interview with Dr. Saman Kelegama on Economic Outlook for 2014 in the Global Economy and Sri Lanka

The Talking Economics Editorial Team met with Dr. Saman Kelegama, Executive Director of the IPS, to get his views on the outlook for 2014 for the global economy and for Sri Lanka. We reproduce the interview here…

A Closer Look at the Fiscal Dynamics of Budget 2014

Sri Lanka stands at important crossroads as it makes a decisive transition into a middle-income economy. With GDP growth targeted at 7.5 – 8% over the medium term, the need for effective fiscal consolidation cannot be overemphasized. In this light, …

REFORMING A POST-WAR ECONOMY IN FOUR YEARS?

Can a country bring about economic reforms in just four years after a war? This article looks at post-war Georgia where the progress was transformative. She argues that while circumstances differ between countries, the Georgian case demonstrates that coherent and focused efforts can bring about significant transformation in just four years. Yet, sustaining the positive trajectory requires a focus beyond aggressive reform to also include important elements of economic governance and institutional strengthening.

Sri Lanka’s Middle-Income Transition: Thinking Beyond the “Optics”, to the “Mechanics”

‘The middle-income transition’ – a challenge that dozens of countries are grappling with and, as of late, is increasingly being spoken about in Sri Lanka as well. A recent business forum (by LBR-LBO) was one of the first private sector …