Economy

Policies Pave the Way for Sri Lanka’s Economic Transformation Through Technology

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.

Technology and Economic Transformation: Is Sri Lanka Prepared to Ride the 4IR Wave?

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.

Digitising the Economic Space: Enter, Entrepreneurs of Sri Lanka!

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.

Succeeding in the 4IR Era: Opportunities and Challenges for Sri Lanka

IPS’ New Thinkers Symposium saw researchers from several think tanks presenting their work on broad topics, under the theme of Technology and Economic Transformation. They highlighted the need for dynamic and innovative thinking to succeed in the era of the Fourth Industrial Revolution (4IR), in the areas of agriculture, megatrends, social security, trade, and e-governance.

Who, When, Where? Improved Data and Information for Tourism Development in Sri Lanka

Tourism’s real contribution to the national economy is important to guide tourism policies. However, this is not yet clear as existing assessments do not take into account all the aspects of economic impacts of tourism. In this blog, Kanchana Wickramasinghe notes that comprehensive data and information can serve as a powerful tool in strategic tourism development.