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Perspectives for Accelerated Growth

The Sri Lanka Economic Association (SLEA) will be holding its Annual Sessions of 2010 during October 15 to 16, 2010 at the Centre of Banking Studies of the Central Bank at Rajagiriya. The Sessional Theme will be Perspectives for Accelerated Growth and Development. The inaugural session on October 15 (4pm to 7.30pm) will be followed by the Theme Seminar on the following day, October 16 (9am to 6pm). The Sessions will be inaugurated by CBSL former Governor A S Jayawardena, while Japanese Ambassador for Sri Lanka H E Kunio Takahashi will be the Guest of Honour, and CBSL former Deputy Governor W A Wijewardena will be the keynote speaker.

The theme “Perspectives for Accelerated Growth and Development” takes on significance in this context because the SLEA’s Annual Sessions will lay special emphasis on how far high rates of GDP growth are associated with reducing inequality, achieving higher living standards and increasing the wellbeing of the people.

It is recognized that growth by itself does not ensure that the fruits of such growth will be equitably shared. Another aspect of high growth and development is the improvements that must be made in Education and Health. In fact these latter are not only a means to increase growth and particularly development but are in fact are an end in themselves.

The Annual Sessions will also examine the strategies and policies that have to be followed for attaining high growth and development and in particular what policies have to be followed to mobilize both foreign and domestic resources. In the long-run economic growth has to be sustainable.

Critical to achieving high and sustainable growth and development is the availability of an adequate physical and social infrastructure. At the same time high growth requires increased levels of efficiency and competitiveness which will increase domestic income and exports.

High growth, if it were to be sustainable, would have to go hand in hand with high exports. The discussions will focus on these issues which are relevant to the theme of the Annual Sessions

 

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