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PATHFINDER FOUNDATION: CENTRE FOR INDO – LANKA INITAITIVES Economic and Technology Cooperation Agreement (ETCA): Separating Wheat from the Chaff.

In assessing the proposed ETCA, it is important to place any analysis within the overall context of the options for accelerated development available to a country like Sri Lanka. The need to prioritise faster growth and employment generation is reinforced by the fact that: (i) Sri Lanka has slipped from being second to Japan in Asia on most socioeconomic indicators at the time of independence to a position much further down in the ranking of countries in this region; and (ii) tens of thousands of young people have been killed in the two Southern insurrections largely due to a mismatch between opportunities and expectations. This was also an important causal factor for the separatist movement in the North and East. Given this legacy, it is imperative that the highest priority has to be given to growth and employment creation. During the last 10-years, the public service has increased by 700,000 persons. The current budget and debt dynamics mean that such a course of action can no longer be continued. Similarly, the previous external commercial borrowing financed growth model has also run out of headroom. This means that growth and employment will have to be driven by private investment. The savings and investment gap in Sri Lanka is such that FDI, as a non-debt creating inflow, will have to play a crucial role in filling this gap and generating the desired growth and employment.

Last Updated on Thursday, 10 March 2016 10:35

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A Sinhala Language Translation of “THE ADVENTURES OF JONATHAN GULLIBLE: A Free Market Odyssey” by Ken Scooland

Jonathan GaThe Sinhala Translation of “The Adventures of Jonathan Gullible: A Free Market Odyssey” will be first released at the Colombo International Book Fair to be held from 16th to 24th September, 2006 at the BMICH.  The translator of the book is Mr. Lakshamana Saparamadu, who has a wide experience in translating literary work as well as economic and banking text books Noble Laureate in Economics, Milton Friedman in his review of “The Adventures of Jonathan Gullible” says “it certainly presents basic economic principles, in a very simple and intelligible form.  It is an imaginative and very useful work”

Last Updated on Tuesday, 06 March 2012 20:12

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“A Sinhala Language Translation of ROAD TO FREE ECONOMY Launched”

NirbadieThe Pathfinder Foundation as its very first activity re-launched the Sinhala translation of “Road to Free Economy”: a transition from socialism by the eminent Hungarian Economist Janos Kornai published in 1990. The publication also includes Kornai's self-assessment of the findings of the book and its impact after ten years of the its publication. More importantly, this book was launched in a provincial town of Matara , 100 km. away from the capital city of Colombo . The launch was well attended by the students of the University of Ruhuna and high schools in the province.In general, almost all the new books are launched in Colombo . The objectives of the Pathfinder Foundation are to take the economic policy debate to the regions and enable wider participation by the public.At the launch the key note address was delivered by Mr. Milinda Moragoda, MP while Prof. Rohan Samarajeewa and Prof. Danny Attapattu also made presentations, highlighting the relevance of the policies enunciated in Kornai's thinking in the current context of Sri Lanka.

Last Updated on Tuesday, 06 March 2012 20:12

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The Mahoshada PerspectiveThe Pathfinder Foundation launched its latest book entitled “The Mahoshada Perspective: Commentaries on Economics and Development”, in January 2006.

This is a compendium of articles on economic issues published in Sri Lankan weekend newspaper “ Sunday Island ” during 2004 and 2005.The author who calls himself "Mahoshada" after the wise sage of Ummagga Jataka, has written on a wide range of current economic issues facing Sri Lanka . Fifty five essays have helped to influence economic thinking at the highest levels. With these weekly articles, Mahoshada has helped to fill a vacuum in economic policy debate in the country which has been dominated by outdated, anachronistic and populist rhetoric for a long time. Based on day to day issues in Sri Lanka , the essays by Mahoshada address issues relating to privatization, government subsidies, taxation, economic freedom, rural economy, unemployment, trade issues and globalization.

Last Updated on Tuesday, 06 March 2012 20:12

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Economy of Sri Lanka: Liberalization and Development

Sri Lanka ArthikayaThe Pathfinder Foundation launched the Sinhala publication titled “ Economy of Sri Lanka: Liberalization & Development” on the 11th of June 2008. The launching of the above book coincided with the Foundations 10th Sanvada on Price Controls of Rice.The book was authored by Dr. O G Dayaratne-Banda, Dr. J M Ananda Jayawickrama, Dr. Anoma Abayaratne and Dr. M B Ranathilaka from the University of Peradeniya. The book consists of 12 chapters focusing on topics such as ‘In a liberalized economy Sri Lanka’s fiscal policies,  The productiveness of foreign aid in economic development, Economic development for the benefit of the poor, Subsistence agricultural sector: government policies, logistics and future challenges, Small and medium industries and the globalized world economy, Industrial diversification: an analysis on recent trends, Export sector diversification and the historical background on direct investment policies: the agricultural era.’

Last Updated on Tuesday, 06 March 2012 20:12

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The Sinhala language translation of “The Mystery of Capital”

Segaunu DanayaThe Pathfinder Foundation translated the world renowned book ‘The Mystery of Capital’ written by the Peruvian economist Hernando De Soto. The Mystery of Capital could be among the most important books on economics of any century. De Soto notes that more than a decade after the fall of Marxism, the expected capitalist revolution has not occurred. Capitalism has been successful only in the developed nations and has made little progress in the third world or in the former communist states.

He and his team are convinced that the problem is the lack of well defined property rights. He notes that the poor in under-developed countries have assets, but that their real property is often owned informally, and thus cannot be used to generate capital. As a result, the crucial role of real property is simply absent in under-developed countries.

The Pathfinder Foundation has also translated and published the Mystery of Capital in the Tamil language.

Last Updated on Sunday, 19 February 2012 10:06

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N.U. Jayawardena - The First Five Decades

N U JayawardanaThis extraordinary story examines the beginnings and early career of Deshamanya N.U. Jayawardena, and is set against the backdrop of the social, political and economic upheavals of the first half of the 20th century. This handsome and well-researched book contains over 180 colour photos & illustrations and will make a great gift.

Last Updated on Sunday, 19 February 2012 10:01

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