Political Economy

A First Look at the Potential for Expanding Trade under a Sri Lanka – China FTA

Sri Lanka and China have embarked on a joint feasibility study of a Free Trade Agreement (FTA) and an agreement is expected to be sealed by the end of the year according to a number of reports in the media recently. However, there has been little analysis or discussion about the potential for trade expansion under a Sri Lanka-China FTA beyond general statements on how it would potentially boost bilateral trade. This blog takes a first attempt at addressing this gap.

Can Sri Lanka Learn from the Korean SME Promotion Strategy?

Last week, a team of Korean experts, who had been tasked with making recommendations on five policy areas for Sri Lanka (including SME development), submitted their final report to the authorities. I was particularly interested when I heard of this visit as I just completed a Visiting Fellowship at the KDI where my key research area was industrial policy in Korea, with a focus on SMEs. In the final research paper, I put forward some aspects of Korea’s SME development that may hold lessons for Sri Lanka. This article highlights some of those ideas for further debate.

Interview with Dr. Saman Kelegama on Economic Outlook for 2014 in the Global Economy and Sri Lanka

The Talking Economics Editorial Team met with Dr. Saman Kelegama, Executive Director of the IPS, to get his views on the outlook for 2014 for the global economy and for Sri Lanka. We reproduce the interview here…

Sri Lankans and Irregular Migration: A Journey to Die For?

SPECIAL FEATURE ARTICLE MARKING INTERNATIONAL MIGRANTS DAY, 18TH DECEMBER   On the 3rd of December, 2013, the Australian government announced new policy that aimed to further discourage the arrival of irregular migrants in Australia. Immigration Minister Scott Morrison announced that, …

A Closer Look at the Fiscal Dynamics of Budget 2014

Sri Lanka stands at important crossroads as it makes a decisive transition into a middle-income economy. With GDP growth targeted at 7.5 – 8% over the medium term, the need for effective fiscal consolidation cannot be overemphasized. In this light, …