Latest Edition of Talking Economics Digest Now Online! – Transitioning to a High Middle Income Economy
As Sri Lanka moves towards achieving high middle-income status, the country is faced with both challenges and opportunities. To leverage the maximum advantage presented by these favourable circumstances and overcome the obstacles, reforms are needed in almost all aspects of the economy. In this context, the 17th Edition of the Talking Economics Digest centers on the theme of ‘Transitioning to a High Middle Income Economy.’
Sri Lanka had climbed to the fourth place among countries most affected by extreme weather events in 2016, according to the Global Climate Risk Index (CRI). This means that appropriate climate policies are more important than ever before. In an effort enhance its role in climate policy research, IPS conducted a policy engagement forum this year. The deliberations at the forum reiterated that timely, comprehensive, and evidence-based research is a key pillar in mitigating the impacts of climate change.
With the recent upswing in the condominium market in Sri Lanka, it is important to take environmental implications of these constructions into consideration. The authors argue that a holistic and a futuristic approach should be adopted when building condominiums and sustainable practices should be integrated into the approval process for the ‘design’ of the condominiums.
Due to the failure of developed countries to adequately financially assist developing countries, the latter are increasingly looking towards creating outward oriented economies that are more suitable for foreign direct investment and export promotion. As such, the share of South-South Foreign Direct Investment (FDI) of total world FDI has risen from 3% at the beginning of the century to around 14% in 2009, and has risen even further in recent years. In this context, this blog analyses the importance of South-South investment to developing countries, with a focus on Sri Lanka.
Even though people are heavily reliant on nature, they lack the connectivity to nature which helps achieve sustainable development. This article examines the problems caused by this disconnect between nature and society and highlights policy implications to improve people’s environmental literacy which can be used as a tool to enhance connectivity to nature.