The World Bank Group’s 2020 Human Capital Index, finds that a child born in Sri Lanka today will be 60 percent as productive when she grows up as compared to if she enjoyed complete education and full health. This is higher than the average for South Asia region and lower middle-income countries.
A breakthrough in Sri Lanka’s export strategy would serve as a springboard for the country to become a high income economy. Sri Lanka’s merchandise export strategy needs to be revolutionised by diversifying to the export of medium to high technology products such as machinery and equipment, electronics, vehicles and pharmaceuticals, and value added mineral products, from the traditional low technology products such as garments and tea. Export Development Board (EDB) Chairman Prabhash Subasinghe this week renewed his call for greater product and market diversification to enhance Sri Lanka’s foreign exchange earnings amidst COVID-19 challenges.
The world marks the International Day of Democracy, with at least one optimistic statistic: the number of democracies across the world continues to grow. But to be truly effective, democracies need to focus on expanding diversity in their representative structures.
The travel-related implications of the coronavirus disease (COVID-19) outbreak have been unprecedented and fast-changing. According to the World Tourism Organization, at the height of the crisis, travel was brought to a virtual standstill with every destination worldwide imposing travel restrictions on foreign nationals—a historic first.