Category Archives: export issues

Ways of Regenerating Sri Lanka’s Economy: An Integrated Kick-Start Scheme

    Anton Balasuriya

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.

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A Momentous Issue: The Hambantota Port Project under Scrutiny in Thuppahi

Thuppahi is pleased to mark its intense interest in the Hambantota Port Project by listing its recent entries from a wide spectrum of authors located in Australia, England, USA and Sri Lanka. The bibliographies within these essays will also serve up further material.

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Hambantota Port inks in New Prospects

NEWS ITEM ….http://www.xinhuanet.com/english/asiapacific/2021-08/10/c_1310119624.htm

Sri Lanka’s Hambantota International Port (HIP) signed a 58-million-U.S. dollar deal with Maldivian company Sea Horse Yachts on Monday to assemble and export yachts from HIP’s industrial park.

Mr Jayampathy, Secy, Ministry of Ports i signing the document, with Parakrama Dissanayake seated on his right

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Pointers from Singapore towards the Appraisal of the Hambantota Port Scheme

Fair Dinkum

When Sir Stamford Raffles arrived in Singapore in 1819, the British set about creating the Port of Singapore. In time, with much hard work, the port became successful. In the 1960s, the Singapore government set about further expansions of its ports along the south of the island, with five additional gateways operating by the 1990s. It is now one of the biggest and busiest collection of ports in the world. Having visited these ports over the years, the scale of operations is extraordinary. The success of Singapore Ports was built up over time. It didn’t come easily or immediately. The same with the Piraeus Port in Greece, although it became successful and profitable quickly.

  Hambantota — a Pix and a Sketch

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No Debt Trap at Hambantota: False Picture on China’s Role

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.

Ben Shmulevitch

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The Story behind the Rise of Hambantota Port: An American Twist

Jonathan E. Hillman, 26 August 2021, whose title runs thus:The Secret History of Hambantota” ….  while the presentation here is marked by the imposition of highlights, let me prefigure the prospect of critical commentary from knowledgeable specialists sought out by Thuppahi.

If Chinese loans were cigarettes, Sri Lanka’s Hambantota Port would be the cancerous lung on the warning label. Some observers have pointed to the underperforming port and alleged that China is using “debt trap diplomacy,” loading countries up with loans and seizing strategic assets after they cannot repay. Others have argued that Sri Lanka, not China, is responsible for its debt woes. The debate is important for understanding the risks lurking in China’s Belt and Road Initiative, especially as the pandemic pushes more of China’s borrowers to the brink.

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An Appraisal of Sri Lanka’s Industrialization Strategy  

Prema-chandra Athukorala

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.

a garment factory … and tyre production

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Port Cities of Asia surveyed by Frank Broeeze et al in 1989

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.

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USA vs China in the Indian Ocean, 1950s-2020

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.

 Banda welcomes Zhou Enlai soon after he steps off the Air India flight at Ratmalana on 31 January 1957.

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Colombo Port City via Chinese Alliance

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.

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