Latest Edition of Talking Economics Digest Now Online! – Shaping South Asia’s Future in the Fourth Industrial Revolution (4IR)
The 18th edition of the Talking Economics Digest centers on the theme of ‘Shaping South Asia’s Future in the Fourth Industrial Revolution (4IR).’
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.
IPS’ New Thinkers’ Symposium saw discussions at the Policy Hub focus on some of recent government initiatives aimed at creating an enabling environment for economic transformation in Sri Lanka through technology and innovation under the Symposium’s overall theme of Technology and Economic Transformation.
Sri Lanka boasts of a relatively high literacy rate of 92 per cent amongst its population. However, its computer literacy rate is a meagre 27.5 per cent. In the context of the of the Fourth Industrial Revolution (4IR), if Sri Lanka is to circumvent the middle income trap and achieve high income status, its economic transformation has to be driven by technology and innovation. This blog briefly discusses some salient points on this matter, with a particular focus on those highlighted at IPS’ New Thinkers’ Symposium.
IPS’ New Thinkers’ Symposium featured an Innovations Hub, a space for entrepreneurs and innovators to showcase their work. Citra Labs, SYNAPSYS, Dialog Digital Services, and Jigsaw Ensemble presented their work, in line with the Symposium’s overall theme of Technology and Economic Transformation. The discussion highlighted the manner in which innovative products and services address economic policy issues that are of interest to the research community.