The importance of 4IR and Sri Lanka’s preparedness for it has gained growing prominence in policy discourse, albeit at a superficial level. As such, Sri Lanka needs to focus on both technological preparedness as well as creating a complementary economic ecosystem. To do so, policymakers and private sector stakeholders alike should be cognizant of three critical pillars of 4IR readiness: digital readiness, human capital readiness, and economic agility. This blog by Kithmina Hewage briefly discusses Sri Lanka’s position against these three pillars.
The World Bank’s Human Capital Index (HCI) summarises the ‘amount of human capital a child born today could expect to attain by age 18’. Sri Lanka’s HCI for 2018, the best in the South Asian region, is 0.58. However, there is room for improvement. A closer examination of the sub-indices of the HCI shows that two of the areas that need attention are education and health.