Tag Archives: GDP

Can Sri Lanka Build a Prosperous Post-war Future?

After decades of low growth and stifled economic progress because of the debilitating conflict, the Sri Lankan economy has demonstrated impressive post-war progress, thanks largely to Chinese investment. The 2010–13 GDP growth has averaged 7 per cent, and is likely to exceed that in 2014. Poverty rates have fallen sharply and greater price stability has been achieved.

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PPPs Can Close Infrastructure Expense Gap

If one wants to feel dizzy she may walk over the Grand Canyon’s suspension bridge, climb to the top of the Three Gorges Dam hydroelectric power station in China or just picture the Mecca’s high speed rail crossing the desert. Perhaps one only may need to feel dizzy having a look to the breach of global spending on basic infrastructures: …

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US Budget Forecasts And the Reality of 8 Million New Jobs

The Congressional Progressive Caucus budget, released on March 12, is forecast to create more than 8 million jobs by 2017 – a claim that is bound to stir up an argument about the government’s role in job creation. It’s not a new argument – progressives and conservatives have been having it explicitly since 2008 and more implicitly for years before that …

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Pakistan’s Oversized Submarine Ambitions

Before his last term ended abruptly in a 1999 military coup, Prime Minister Nawaz Sharif dreamed that Pakistan would become an “Asian Tiger,” comparable with the rising economies of Southeast Asia. Pervez Musharraf and Asif Ali Zardari dashed those hopes: Islamabad is now US$58 billion in debt, and economic growth has slowed to a murmur. Nevertheless, Sharif has swept into power …

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Sri Lanka’s Post-Conflict Economic Development

The end of three decades of armed conflict in 2009 had many Sri Lankans believing that sustained economic development would now be possible. This groundswell of optimism catapulted the incumbent government to an electoral victory in early 2010, and while a large share of its support stemmed from military successes, the ruling party’s economic message was also a decisive factor. From …

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