{"id":100689,"date":"2020-04-02T17:06:38","date_gmt":"2020-04-03T00:06:38","guid":{"rendered":"http:\/\/www.lankaweb.com\/news\/items\/?p=100689"},"modified":"2020-04-02T17:06:38","modified_gmt":"2020-04-03T00:06:38","slug":"economic-policy-need-to-focus-strong-balanced-growth-in-sri-lanka","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2020\/04\/02\/economic-policy-need-to-focus-strong-balanced-growth-in-sri-lanka\/","title":{"rendered":"ECONOMIC POLICY NEED TO FOCUS STRONG BALANCED GROWTH IN SRI LANKA"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em><strong data-rich-text-format-boundary=\"true\">BY EDWARD THEOPHILUS<\/strong><\/em><\/span><\/h2>\n\n\n<p>Short\nterm performance of Mr. Gotabaya Rajapaksa, the president of Sri Lanka has\nproved that he is a capable person to launch the country to achieve the\naspirations of people.&nbsp; He has given\nstrong leadership to control coronavirus pandemic and successfully coordinated\nthe entire administration mechanism as a team leader of the country.&nbsp; This environment gives a signal that people\ncan trust him without political, social, ethnic and religious differences and\nno point maintaining divisions or dividing the country.&nbsp; People need to unite with the president and\ngive support to him giving a two-third majority at the next election to\nsuccessfully launch the country to forward. When people watch reports in news\nmedia it shows the nature of a reasonably developed country as they show good\nbuildings, houses and many other things.&nbsp;\nHowever, the reality may deviate from the show-off or news reports.&nbsp; In this environment policymakers need to\nfocus a balanced growth idea throughout the country and in fact, rural\ncommunities are suffered from economic difficulties and economic enjoyment has\ngone to a limited group of people. How can change this situation?<\/p>\n\n\n\n<p>The\nbalanced growth could be applied from a different point of views and when it\ntalks about the balanced growth it comes to our minds about theoretical\narguments began from Ragnar Nurkse in the 20<sup>th<\/sup> century and Nurkse\nfocused on the expanding the size of market and inter-industrial\nrelationship.&nbsp; When it refers to Sri\nLanka the views of Arthur Lewis may vital than extreme ideas of Nurkse as the\ndeterminants of the size of market are not an issue except the productivity of\nemployees in both public and private sectors. Nurkse focused intersectoral\nbalance as a limited area such as industrial and agricultural sectors and from\nthe point of view of Sri Lanka intersectoral balance expand to geographical areas.\nThe real picture is uneven growth results in the country and this situation\nneeds to change into a reasonably even level would be a priority task of\neconomic policymakers.<\/p>\n\n\n\n<p>&nbsp;The productivity of employees compared to the\nsalary and wage levels in the country seems many disparities in different\norganizations as well as in different sectors and policymakers need to identify\nand develop a parity to determine the expected productivity in various\nindustries. When there is a standard productivity level individual institution\ncan compare with own standards and could take management strategies to maintain\nproductivity level. Productivity could be identified as a management-related\nproblem. Many developed countries have developed productivity level for\nindustries and individual organizations compare with the standards in the\nindustry.&nbsp; Trade unions in Sri Lanka have\nno idea about the expected productivity level and the government needs to\neducate trade unions about productivity.<\/p>\n\n\n\n<p>During\nwartime (1983-2009) a considerable volume of government spending directed to\nwar efforts and after the recovery period also massive investments located to\nColombo and suburbs and rural areas less regarded and this situation has\ncreated the disparity in development and growth.&nbsp; The government of Mahinda Rajapaksa attempted\nto reduce disparity focusing investments in rural area, however, the yahapalana\nregime failed to continue balance growth.<\/p>\n\n\n\n<p>Sri\nLanka is a small country and urbanization could expand to suburbs without\nharming investors\u2019 expectations.&nbsp;\nExpanding education in rural areas could begin balanced growth in the\ncountry because it would support the concept of skilling the nation pushing job\nopportunities in rural areas.&nbsp; Education\nand training can change uneven growth creating an environment that encouraging\nmore investments in rural level and reduce the difference of social status\nbetween rural and urban people.<\/p>\n\n\n\n<p>When\nthe government policy focuses on balanced growth, the market would be broadened\nas Nurkse stated and aggregate demand expands throughout the country<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BY EDWARD THEOPHILUS Short term performance of Mr. Gotabaya Rajapaksa, the president of Sri Lanka has proved that he is a capable person to launch the country to achieve the aspirations of people.&nbsp; He has given strong leadership to control coronavirus pandemic and successfully coordinated the entire administration mechanism as a team leader of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[124],"tags":[],"class_list":["post-100689","post","type-post","status-publish","format-standard","hentry","category-edward-theophilus"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/100689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=100689"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/100689\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=100689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=100689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=100689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}