Economy

Trade in the Pandemic Era: A One-year Assessment

Many countries, including Sri Lanka, started practicing mobility restrictions from March 2020. As a result, in parallel to the slowdown of global merchandise production, trade volume also contracted from the second quarter of 2020. However, the World Trade Organization (WTO) estimates that the realised trade contraction in 2020 was just 5.3% contrary to the April 2020 forecast of a sharp contraction by between 13% and 32%. Meanwhile, countries used trade policy to ensure that essential food, drugs, and medical equipment are available domestically. In addition, countries like Sri Lanka used trade policy tools to contain imports to allay pressures on the domestic currency. This article discusses global and Sri Lankan trade during this pandemic, the impact of the pandemic and trade policy on Sri Lanka’s trade and food imports, and policy options for sustained growth in trade and domestic food security.

Achieving Gender Equality: Quō Vādis, Sri Lanka?

For women’s month, we posed the following question to some of our researchers: what are some of the challenges women in Sri Lanka face from a gender equality standpoint and how can we tackle them? This blog carries responses from Ashani Abayasekara, Research Economist; Kithmina Hewage, Research Economist; Harini Weerasekera, Research Economist; Chathurga Karunanayake, Research Officer; and Tharindu Udayanga, Research Assistant.

Talking Tobacco: How Reduced Consumption Benefits the Household

This blog, based on a forthcoming IPS publication, discusses the impact of tobacco spending on other basic needs. The findings of the study show that spending on tobacco results in households foregoing other critical expenditure.

Forest Restoration: Where Does Sri Lanka Stand?

This year, the International Day of Forests is marked under the apt theme “Forest restoration: a path to recovery and well-being”.  Forest restoration is one of the priority areas for mitigating the effects of climate change. Restoration and sustainable management of forests will help absorb atmospheric pollutants, re-build natural habitats and sustain life on earth.
This blog discusses Sri Lanka’s declining forest cover and offers suggestions on how the drivers of deforestation can be countered.

Social Perceptions on the Role of Women Must Change

The COVID-19 pandemic has disrupted the lives of people across the world but not everyone has been affected in the same way. In most contexts, women and girls are disproportionately impacted, and girls and women pay a higher social and economic toll. This is mainly because of their relatively disadvantaged situation, and distinct social obligations and responsibilities. The pandemic has already derailed progress made towards achieving gender equality (SDG5). The labour market, health, education, nutrition and food security, and safety are some of those areas facing setbacks due to the pandemic. The negative impacts can be expected to widen (i.e., more individuals are affected) and deepen (i.e. the conditions of some individuals worsen) the already unfavourable situation.