On 20 May 2021, Sri Lanka’s worst-ever marine disaster occurred when a fire erupted on the Singapore-registered MV X-Press Pearl container ship just 18 km Northwest of Colombo. While the long-term cost is yet to be determined, the negative impact on industries such as fisheries and tourism, and people who rely on the coastal resources of Sri Lanka is already apparent. This article examines the key consequences of this disaster on Sri Lanka’s coastal economy and highlights the need to enhance regional maritime cooperation to prevent the recurrence of such disasters.
Latest Edition of Talking Economics Digest Now Online! – Shaping South Asia’s Future in the Fourth Industrial Revolution (4IR)
The 18th edition of the Talking Economics Digest centers on the theme of ‘Shaping South Asia’s Future in the Fourth Industrial Revolution (4IR).’
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.
Sri Lanka occupies a pivotal position as a strategic asset to both India and China, and despite its role as a pioneer of SAARC, the country is increasingly turning towards broader engagement with East Asia. This blog examines how Sri Lanka can delicately balance both Indian and Chinese interests to its advantage, to leverage the benefits of both regional superpowers.
This article was written by IPS Executive Director Dr. Saman Kelegama and published in several local newspapers prior to the Bali talks which were held last week. The Bali Ministerial of the WTO will commence on 3rd December 2013 …