The world is on the cusp of the Fourth Industrial Revolution (4IR), which is affecting the way people live, work, do business, and interact. Newly emerging technologies such as robotics, artificial intelligence (AI), internet of things (IOT), virtual reality, and 3D printing are fast becoming the new normal. Therefore, it is important to explore the development challenges for South Asia in the new era of the 4IR. In this context, one of the plenary sessions at the 12th South Asia Economic Summit (SAES XII) explored the links between 4IR and SDGs at the regional level.
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.
Remittances make an indispensable contribution to the Sri Lankan economy. In 2018, the country received remittances of over USD 7 billion, accounting for 7.9% of the GDP. Often, remittances to Sri Lanka are attributed to the temporary migrant workers and viewed from a national perspective. Nevertheless, there are more dimensions to remittances. This blog, Bilesha Weeraratne, examines the nuances of receipt of remittances, at the household level in Sri Lanka.
As Sri Lanka is looking to reform its education sector, the 16th Edition of the Talking Economics Digest centers on the theme of ‘Creating a Knowledge-based Economy.’
The one defining feature of the shifts in economics, geopolitics and society taking place today, is the rise of Asia. What are the factors influencing this rise? And what lessons do they hold for Sri Lanka’s growth journey?