Prospects for the global economy are unclear – Europe is in limbo, but America is showing positive signs. Christine Lagarde captured the ambiguity well – “the weather forecast for the global economy is of light recovery, spring winds, and dark clouds”. Meanwhile, the debate for policymakers in the EU and US is – how much should we tighten without suffocating the economy? Should we trim now, to be lean and more competitive in the future?”. Anushka Wijesinha reviews the key viewpoints….
Exactly a week ago the Executive Board of the World Bank announced that Dr. Jim Kim, the U.S. nominee, will be the new chief of the global development institution. The choice came as no surprise. However, for the first time in the sixty eight-year history of the Bretton Woods institution there was a contest for the top post. Anushka Wijesinha reviews the debates surrounding the suitability of Kim vs the emerging markets choice of Ngozi Okonjo-Iweala, as the World Bank evolves its role and attempts to reform its governance.
This first post in our new ‘The Note Pad’ category discusses the Occupy Wall Street (OWS) movement’s ability to take a critical economic issue to the broader public and what lessons it may hold for socio-economic policy researchers….
The estimates on the size to which India’s middle class is set to grow in the coming years according to various agencies1 are staggering – 267 million by 2015, 583 million by 2025, 600+ million by 2030. The market potential, just next door as it were, is clearly enormous. Sri Lanka has to seize this opportunity by increasing its trade and investment integration with India and gain access to this huge consumer base.
Yes, tax concessions are a vital component in the SME-strengthening effort, and the Budget 2012 has much to offer for SMEs. But tax concessions should not be thought of as the panacea for the struggles of Sri Lanka’s SMEs. Other issues are often equally constraining, and more needs to be done about them. Ministry of Finance has delivered; it is now time for SME-mandated government institutions to sharpen their focus and address the vital issues