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Interesting article written by an Indian Economist

Tue Oct 11, 2016 5:25 pm by niranjan

An interesting story about world economy. How valid is it? I leave it to you.

Amazing logic indeed. This is a crazy world! Interesting article written by an Indian Economist

Japanese save a lot. They do not spend much. Also, Japan exports far more than it imports. Has an annual trade surplus of over 100 billion. Yet Japanese economy is considered weak, even collapsing.

Americans spend, save …

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Isn't there anyone in Sri Lanka who can think Mr Prime Minister ?

Sun Sep 18, 2016 6:15 pm by hettihewa

I read on Sunday times today that rime minister is requesting cabinet to approve USD 2.3 Mn ( Rs 340 Mn) to hire a US based consultancy firm McKinsey and Company to advice Sri Lanka Government how to “set up a Central Programme Management Unit.”

We know that for prime minister anything foreign is gold.

Cant he find anyone in Sri Lanka who can think without spending so much money on a …

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DID MAHINDA CHINTHANAYA GET ITS DUE RECOGNITION ? WAS IT A FAILURE OR FAILED TO COMMUNICATE THE BENEFITS ?

Thu Sep 15, 2016 6:05 pm by niranjan

DID MAHINDA CHINTHANAYA GET ITS DUE RECOGNITION ? WAS IT A FAILURE OR FAILED TO COMMUNICATE THE BENEFITS ?

1. “Build The Sri Lankan knowledge economy” a study carried out On ‘Knowledge for Development’ Strategy, by the Finance and private sector development unit of World Bank in 2007 , identified 4 factors that would drive the economic growth , termed as the four pillars of …

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THE PROPOSED NEW CONSTITUTION TO BENEFIT WHOM ?

Mon Sep 12, 2016 8:12 pm by niranjan

THE PROPOSED NEW CONSTITUTION TO BENEFIT WHOM ?

PROPOSED NEW CONSTITUTION Undoubtedly should be to benefit the people , by the people whom they have elected to act on their behalf , through a so called democratic process but in realty which is limited from the time of the parliament is dissolved and until a new government is elected which is the bitter truth!

Therefor it’s the …

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Village Councils for sustainable economic growth and political stability

Mon Aug 22, 2016 7:08 pm by niranjan

Setting up strong Village Councils could be the way forward to bring sustainable Economic and Political Growth in Sri Lanka which has been talked about but not much attention has been made.


1. There are 14022 Gramasawaka Divisions In the country where a strong administration new work is already in existence, which could be converted into Strong Political and administrative units rather than …

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සිපෙට්කෝටත් අබ සරණයි...

Fri Aug 19, 2016 5:27 pm by NRF

2014 ලාබය රුපියල් මිලියන 1633 යි..
2015 පාඩුව රුපියල් මිලියන 18384 යි..
(2015 මුදල් අමාත්‍යංශ වාර්තාව)

ඔය අතරෙ මේ ටිකත්
සිතා බැලුවොත් හොඳයි...

- 2014 වසරේ බොර තෙල් බැරලයක
මිල …

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හෙජින් ගණුදෙනුව

Wed Aug 10, 2016 9:51 pm by NRF

රාජපක්ෂලාගෙ
හෙජින් ගණුදෙනුවේ
අදට සම්පූරණ අලාභය
රුපියල් කෝටි 1020 යි...
2015 වසරේ පමණක්
ලෝක වෙළඳ පොලේ තෙල් මිල
අඩුවීම නිසා 2014ට සාපේක්ෂව
යහපාලන රජයට ඉතිරි වූ …

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තෙල් මිල අඩුවී ඇති අද, ගුවන් සමාගම් විකිනීම සාධාරණද ?

Thu Jul 28, 2016 9:12 pm by hettihewa

ලෝක වෙළඳ පොලේ ඉන්ධන මිල 50% පහල යාමත් සමඟ 2015 වසරේ මිහින් ලංකා ආයතනය රුපියල් බිලියන 1.3 ක ලාබයක් ලැබීය

ශ්‍රී ලාංකන් ගුවන් සේවයේ වාර්ශික පාඩුව 63% කින් පහලට …

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An Economy in turmoil

Thu Jul 28, 2016 8:53 pm by Hasitha

The inability of the present leadership to manage the country effectively is quite visible. The economy as shown above is in turmoil. Within 1 ½ years the prime minister has announced 3 different policy statements in parliament and public are wondering which one is valid. The budget 2016, which was presented in November 2015, has been the biggest amusement in the Sri Lankan parliamentary …

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DID MAHINDA CHINTHANAYA GET ITS DUE RECOGNITION ? WAS IT A FAILURE OR FAILED TO COMMUNICATE THE BENEFITS ?

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DID MAHINDA CHINTHANAYA GET ITS DUE RECOGNITION ? WAS IT A FAILURE OR FAILED TO COMMUNICATE THE BENEFITS ?

Post by niranjan on Thu Sep 15, 2016 6:05 pm

DID MAHINDA CHINTHANAYA GET ITS DUE RECOGNITION ? WAS IT A FAILURE OR FAILED TO COMMUNICATE THE BENEFITS ?

1. “Build The Sri Lankan knowledge economy” a study carried out On ‘Knowledge for Development’ Strategy, by the Finance and private sector development unit of World Bank in 2007 , identified 4 factors that would drive the economic growth , termed as the four pillars of knowledge economy , which highlighted the impotence of ‘Knowledge for Development’ and Strategic implementation, which were main features of the “Mahinda Chnithana” on development strategy and which help to make Sri Lanka a middle income economy .

1. The business environment;
2. Information infrastructure;
3. An innovation system;
4. Skilled Human resources

2. City Bank released A research report in 2011 on “Global Economics View” where Sri Lanka was termed as a Global Growth Generator Country or a 3 G Country, and extract from the report are as follows; Sri Lanka was termed a 3 G country due the economic growth well over the average economic growth of the World. This finding didn’t receive its due publicity or recognition unfortunately went unnoticed.

1. We expect the world economy to grow by 4.2% pa between 2010 and 2050, increasing world real GDP from $72trn to $380trn.
2. Developing Asia and Africa will be the fastest growing regions – the economic center of gravity of the world will continue to shift eastwards.
3. The most promising countries are composed of the young and the poor -Nigeria, India, Vietnam, Mongolia, Bangladesh, Iraq, Indonesia, Sri Lanka, the Philippines, China and Egypt are our ‘3G countries “

3. In the 2014 Annual economic forum organized by Chamber of commerce it was heighted that there 3 advantages a country could make use to grow the economy, and Sri Lanka is well positioned to the world’s best Commercial hub . Also a recent report highlighted that the world is expected to face a major water scarcity by 2025 and Sri Lanka would be self-sufficient with water which could be one of the best economic product and not just water draining down the drains today , where we don’t appreciate yet, but rest of the world knows it. Water , countries bio diversity, and availability of miner earth elements which will be important raw materials for nono technology and high tech products , will add value to the economy.

1. Sizable population such as China, India, USA, Brazil,
2. Natural Resources Middle east Oli producing Countries, Russia, Indonesia, South Africa, Brazil ,
3. Strategic location to act as hub to offer service – Singapore , Dubai, Rotterdam, Luxemburg.

The 5 hubs ( Maritime, Aviation, Commercial , Energy , Education) + 1 ( Tourism ) Was the best economic execution plan Sri Lanka had post-independence based on a forward thinking vision. The vision to defeat terrorism too should be recognized as it was one of the main barriers for the countries socio economic growth . Up to 2005 Sri Lanka didn’t have a executable Vision for the country to achieve development goals or to end the distractive war that destroyed the economy and demolished the business and consumer confidence.

4. © The Economist Intelligence Unit Limited 2015 – report on Long-term macroeconomic forecasts and Key trends 2050 on Global Nominal GDP per capita “ recognizes Sri Lanka as emerging economy which will continue to provide new customers and opportunities to scale up, and the countries nominated are South Africa, Russia, Hungary ,Sri Lanka, Spain, Italy ,Germany, Sweden which will be amongst high GDP per capita by 2050.

Leaving out different Political point of views academics should conduct research on 2005 to 2015 the economic policy and development goals achieved and the weakness , to formulate a long term Vision for the country that wouldn’t change every 5 years as a 5 years plan is medium term and will not support a long term vision ,also how can a Country achieves its vision when the vision itself changers once in every 5 years?

The conclusion is that Mahinda Chnithanaya had a great Vision with a strong executional plan but was extremely poor in communicating the benefits to public or was down played not knowing the impotence to its stake holders . It had a good Global and Local ( GLO-CAL) strategy connecting the Global markets with Rural Development initiatives , which are long term and should have kept the intellectuals and public informed , which was one of the main setbacks .

Yahapalanaya which was termed as the BOGG ( Benefits Of Good Governance ) at a popular stage drama is an eye opener to people who preferred the BOGG against Chinthanaya !

niranjan

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