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The Tea Industry: A New Sustainability Approach
(Colombo: Verité Research, 2013-06-09)
What do unions do? In a landmark title by this name (1984), Harvard University economists Richard Freeman and James Medoff demonstrated that labour unions have two faces. One is confrontational and the other is cooperative. ...
Central Bank’s 30 year Bond Debacle: What is the “Loss”?
(Colombo: Verité Research, 2015-07)
In February 2015 the Central Bank of Sri Lanka called an auction for one billion rupees on a 30 year bond. It then accepted 10 fold – 10 billion rupees – after the bids were in. This Insight identifies three errors in the ...
A Win-Win Solution for Management and Workers in the Tea industry
(Colombo: Verité Research, 2013-03)
Pareto Efficiency is an important concept in economics. It occurs when all win-win opportunities have been fully pursued. In societies as well as in organisations there are numerous opportunities to make changes that leave ...
What caused Europe to ban the import of fish from Sri Lanka?
(Colombo: Verité Research, 2015-02)
In January 2015, the European Commission banned the import of Sri Lankan fisheries products for violating guidelines on Illegal, Unreported and Unregulated fishing. This Insight suggests that the ban was triggered by the ...
Sri Lanka’s international borrowing costs are not declining
(Colombo: Verité Research, 2014-11)
The government first raised international debt through bonds in October 2007. Since then several international bonds have been issued to feed the government’s twin demands: financing its spending and propping up foreign ...
Sri Lanka’s tea industry – too long in adolescence, it’s time to grow up
(Colombo: Verité Research, 2016-02-26)
Tea sector wage negotiations periodically go into deadlock. There are political reasons for this situation, but also an overarching economic one: global tea prices have declined – as it periodically happens – and the ...
Fixing Sri Lanka’s Revenue Problem is a Priority
(Colombo: Verité Research, 2017-02-10)
Taxes are the key source of government revenue. Normally, tax share as a percentage of GDP is expected to increase as per capita GDP rises. This Insight shows that in Sri Lanka, this is not the case; the country’s per ...
Fixing NTBs between India and Sri Lanka
(Colombo: Verité Research, 2015-08)
The Insight examines the issue of non-tarrif barriers (NTBs) faced by exporters of processed foods from Sri Lanka to India, in the context of ensuring compliance with standards and regulations. It concludes with proposing ...
Trade in Services: Unearthing the devil in the details
(Colombo: Verité Research, 2016-04-06)
In 2016, Sri Lanka began its first round of negotiations on an Economic and Technological Cooperation Agreement (ECTA) with India. This envisages liberalising trade in services. The lack of information on what was being ...
Making Public Data Public: Sri Lanka Misses its Own Targets While India Races Ahead
(Colombo: Verité Research, 2021-07)
The Department of Census and Statistics aims to be the ‘leader in the region’ in producing and providing timely statistical information. However, this insight shows, it has failed in providing public access to data in three ...