News

A Talk on “Political Economy of Development: What Has Gone Wrong for Sri Lanka”

05 February 2018

Dr. Amarakoon Bandara, Senior Economic Advisor at United Nations Development Program conducted a talk on “Political economy of development: what has gone wrong for Sri Lanka” on 05 February 2018 at the Audio Visual Room, Faculty of Arts, University of Peradeniya.

The talk attempted to investigate the economic progress of Sri Lanka and why it is at a state of lost opportunities, comparable to developed countries as early as 1960s. Concerning the lessons from two comparator countries in the 1960s, Singapore and Korea, the key deficits of Sri Lanka in the differences in political ideology, lack of policy making and a clear, long-term vision, a clear policy direction and a commitment to achieving such a vision agreed upon by members of both main political parties in the country would be discussed. Sri Lanka’s need of a change for the economic change also emphasized at the talk.

At the end of the talk, several intellectual questions were raised from the audience and Dr. Amarakoon Bandara provided comprehensive responses to those. A considerable number of participants from the Faculties of Arts and Science, Dental, Medicine and Engineering including the Director, IAO represented the program.

Introduction to Dr. Amarakoon Bandara and the welcome address was carried out by Dr. Nanda Gunawardhana, Director, IAO. Prof. Pushpa Wijekoon, Dr. A. J. Pinidiyaarachchi, Department of Statistics and Computer Science and Dr. J. Winayagam, Department of Economics and Statistics carried out the coordination of the program and the vote of thanks was delivered by Dr. J. Winayagam.