FemTech

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.