Resource Library

Economic Review

Niyayamana, Manithabimanamudaya Matrum Needithiruka Porulathara Valarchi - ( Growth with Equity, Humanity & Sustainability )

Publisher: People,s Bank

Place of Publish: Sri Lanka, Colombo

Year: 2012

Page Numbers: 45

Series: Volume 37/ Number 11-12/ February/ March 2012

Acc. No: 205-J

Category: Journals

Languages: Tamil

Nilakshi De Silva begins by commending the progress made by the world via increased life expectancy, doubling of world income and higher levels of education. However, she also states that despite these positive changes there is tension with the development models used today. Even though there are high levels of growth in the world today there are still around 1.4 billion people suffering in poverty. The Sri Lankan economy has been experiencing rapid economic growth in the last few decades but the statistics fail to show regional disparities such as the poverty in districts such as Batticaloa, Moneragala and Badulla. There is also declined government spending on healthcare and education, two sectors that are critical to the development of any nation. De Silva concludes by emphasizing the need to think of alternative ways to development and to ‘reimagine’ the end result we all want to see from economic development.