Category: Economic Alert Published on Thursday, 14 August 2014 04:42
Sri Lanka has been well known for its impressive record in social development for several decades. The introduction of free education from independence has been a major part of this narrative. This has enabled Sri Lanka to attain very high enrollment rates in primary and secondary education. Female participation rates in formal education have been particularly impressive. However, the quality of learning outcomes has been a serious problem which has preoccupied successive governments since the 1971 insurrection. Despite this, the record of remedial action has been very mixed at best. Improving the quality of education has hitherto been an intractable challenge. Sri Lanka’s performance, when benchmarked against the successful countries of East and South East Asia, is disappointing. The present government is attaching the highest priority to reforming the education system to strengthen the employability of students in a modernizing economy. Efforts are being made to improve Maths, Science and English education; as well as training and skills development. The tertiary sector is being opened up to private universities, including foreign universities. Particular emphasis is being placed on Engineering and IT. It is timely, therefore, to examine some of the fundamental premises determining educational outcomes in order to ensure that the current initiatives achieve their objectives.
Last Updated on Thursday, 14 August 2014 04:46
Category: Economic Flash Published on Wednesday, 30 July 2014 04:02
Prime Minister Modi’s elections were hailed as a resounding victory for his pro-growth/pro-business agenda. There was an expectation among pro-market economists and businessthat Finance Minister Arun Jaitley’s maiden effort would lay out a vision for five years; introduce major structural reforms; and administer some necessary but bitter medicine in pursuit of fiscal consolidation. Instead, critics claimed that the budget seemed to have been prepared by incumbent bureaucrats and represented unimaginative continuity rather than a bold new vision.
Last Updated on Wednesday, 30 July 2014 04:03
Category: Economic Alert Published on Tuesday, 22 July 2014 04:10
Sri Lankan farmers, small and medium enterprises, service providers, big businesses and households have been afflicted by one of the highest electricity tariffs in the world and uncompetitive fuel costs for many years. This has been undermining the economy’s competitiveness thereby discouraging investment and employment generation. The enormous losses incurred by the CEB and CPC have added to the debt burden imposed on the current and future generations of Sri Lankans.
Last Updated on Tuesday, 22 July 2014 04:19