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Wednesday, 16 February 2011

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Book on economic war

A new book titled ‘Winning the Economic War’ authored by Divaina Journalist Shyam Nuwan Ganewatta was launched on January 28 at the Auditorium of the National Library and Documentation Services Board, Colombo 7.

The Chief Guest of the launch was Economic Development Minister Basil Rajapaksa while Telecommunication and Information Technology Minster Ranjith Siyambalapitiya and the Central Bank Governor Ajith Nivad Cabral were the Guest of Honour of the event.

The following is the foreword written by Executive Director and Fellow, Institute of Policy Studies of Sri Lanka, Dr Saman Kelegama, on Divaina Journalist Shyam Nuwan Ganewatta’s book ‘Winning the Economic War’.

Sri Lanka came out of nearly three decades of war after the armed separatists were defeated by the government military forces in mid-2009.

During the time of the war, successive governments were compelled to allocate a large amount of resources for military operations, and also had to shift their focus of attention to war-related matters over and above all other activities, including economic development.

The economic dividend from the war victory was however, slow to materialize due to the global economic crisis manifesting in 2009 and the focus of the Government diverting to both Presidential and General Elections in early 2010.

But now, with the complete control of the Northern and Eastern provinces after the war victory, political consolidation after the overwhelming Elections victory, and economic take-off on the horizon with the global economic recovery, the time has come to put the economy in forefront, catch up with the missed opportunities, and reap the economic dividend. This is the starting point of this book titled ‘Winning the Economic War’.

The author has been associated with the Divaina newspapers for long years and has been a keen follower of the economic events of the country, with frequent interaction with key policy makers for media reporting. He has accumulated a wealth of information during these interactions to compile this book.

The outline of the book is interesting as it starts with the basics; starting first, with the need for an overall economic development strategy for the purpose of reviving the economy.

The author then shows the policies articulated in the government policy framework: Mahinda Chintana Idiri Dakma, the formation of a special Ministry of Economic Development with a dynamic Minister in charge, and all other steps taken to gear Sri Lanka to become a ‘Wonder of Asia’.

The role of various Ministries and the Parliamentary Opposition in achieving the development goals, is elaborated in the subsequent chapters.

Thereafter, the author highlights the need to reduce the regional disparities – where the bulk of the national income is concentrated in the Western Province, reforming and fine-tuning the governments safety net programme – Samurdhi, the need to use modern technology to enhance the living standards of the people, and the role of the media in responsible reporting of the true development activities and their shortcomings.

In this process, the author gives special emphasis on invigorating and development of the tourism sector, highlighting the lessons that could be learnt from Australia.

The last chapter documents interviews the author had conducted with key policy makers of the country, including the Minister of Economic Development, the Secretary to the Treasury, and the Governor of the Central Bank. The book ends with a photo gallery depicting the author’s interaction with some policy makers and other dignitaries.

Books of this nature in the Sinhalese language are rare and the author should be congratulated for bringing out such a book, when economic development after the war has captured centre stage in Sri Lanka’s contemporary debates.

The book is very informative and readable. The book will be a valuable source of reference for development practitioners and journalists, and would provide the foundation for further work on the subject matter in the near future.

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