Abstract: This paper details the concept of economic development to jump start the rural economy and alleviate poverty beyond COVID 19.The strategy is to combine the presently available infrastructure and administrative facilities and bring a new dimension of human motivation factors, as well as, to adding new resources to strength the weak areas and those that are non-existent presently.
Category Archives: export issues
Deborah Brautigam & Meg Rithmire, in The Atlantic, 6 February 2021, where the title is “The Chinese ‘Debt Trap’ Is a Myth “
The narrative wrongfully portrays both Beijing and the developing countries it deals with. China, we are told, inveigles poorer countries into taking out loan after loan to build expensive infrastructure that they can’t afford and that will yield few benefits, all with the end goal of Beijing eventually taking control of these assets from its struggling borrowers. As states around the world pile on debt to combat the coronavirus pandemic and bolster flagging economies, fears of such possible seizures have only amplified.
The history of industrialization strategy in Sri Lanka is characterized by abrupt episodes of substantial changes associated with political regime shifts without settling to a stable path required for self-sustained growth. During the first decade after independence in 1948, development of industry was not a policy priority in Sri Lanka, unlike in many other newly independent nations. From about the late 1950s, a combination of the influence of the development thinking at the time and growing balance-of-payments problems induced a policy shift towards state-led import-substitution industrialization. In 1977 Sri Lanka embarked on an extensive economic liberalization reforms process that marked a decisive break with a two decades of state-led import-substitution industrialization strategy.
Frank Broeze from the University of Western Australia organised a wide-ranging study of port cities in Asia which should not be neglected in exploring the background bearing upon the ongoing politico-economic manoeuvres in the Indian Ocean and the Pacific today.
Tony Donaldson. with highlighting imposed by The Editor, Thuppahi
In 1943, the US tried to establish a military base in Sri Lanka when OSS chief William Donovan invoked a ruse to railroad it into existence. The details of the ruse and how it was played out is a subject for another occasion. The point to be made here is Donovan’s ruse was quickly exposed by Colin Mackenzie, the Head of Force 136 – the name given to the Special Operations Executive organisation in Asia during World War II. As a result, the British rejected Donovan’s proposal for an OSS military base. Had the US established a military base in Sri Lanka in 1943, it would very likely still be there today, asserting US influence over Sri Lanka, its culture, and inflicting great social damage on local communities.
News Item in Colombo Times, 18 September 2020, with this title “Colombo Port City … has attrcted 16 billion dollar investment ….”
Prime Minister Mahinda Rajapaksa yesterday said the Colombo Port City Project will become the main source of income for the country and the project will generate more than 83,000 employment opportunities.