Latest Edition of Talking Economics Digest Now Online! – Transitioning to a High Middle Income Economy
As Sri Lanka moves towards achieving high middle-income status, the country is faced with both challenges and opportunities. To leverage the maximum advantage presented by these favourable circumstances and overcome the obstacles, reforms are needed in almost all aspects of the economy. In this context, the 17th Edition of the Talking Economics Digest centers on the theme of ‘Transitioning to a High Middle Income Economy.’
Diversification of the export basket, a more effective communication strategy to build support for reform initiatives, and addressing the skills constraints of the labor force are the top priorities for Sri Lanka. This blog, based on the closing session of the Saman Kelegama Memorial Conference, discusses the stifling bottlenecks that Sri Lanka faces in its transition towards a high middle income country (HMIC) and how to overcome them.
Latest Edition of Talking Economics Digest Now Online! – Integrating Sri Lanka into the Global Economy
The 15th Edition of the Talking Economics Digest centers on the theme of ‘Integrating Sri Lanka into the Global Economy.’
The first ever “Labour Demand Survey” in Sri Lanka recorded nearly half a million vacancies in the private sector. A large portion of these vacancies are found to be in routine and non-routine manual jobs. However, most of Sri Lanka’s job-seekers are educated youth, searching for white-collar jobs. This blog discusses “sectoral mismatch” between the demand and supply of labour in Sri Lanka, using LDS data, and looks at ways in which it can be resolved.
The apparel industry has been a key contributor of the Sri Lankan economy and a major job creator for women over the years. However, there is an increasing difficulty in recruiting women into the industry, especially at the lower levels, leading to a crippling labour shortage in the industry. This article by Sunimalee Madurawala examines the key reasons behind the issue and gives policy recommendations to attract women to the apparel sector.