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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. ...
Can the Singapore Chinthanaya work for Sri Lanka?
(Colombo: Verité Research, 2013-10)
Singapore is a classic example of an Asian country that avoided the middle-income trap, and it has often been sighted as a model for Sri Lanka. This article substantiates the claim that there is neither a theoretical nor ...
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 ...
The post war growth bump has hit the ceiling
(Colombo: Verité Research, 2013-08)
This article explores the question of whether Sri Lanka could expect higher sustained GDP growth post-war and concludes that the post-war bump-up is over for the time being. It suggests that the high growth is unsustainable ...
The Economics of Media Freedom: is Sri Lanka on a virtuous or vicious cycle?
(Colombo: Verité Research, 2013-10)
This article explains the economic importance of media freedom by considering three reasons: i) indicative reasons; ii) instrumental reasons; and iii) integral reasons. Media freedom is indicatively important because it ...
Justice in Slow Motion Corrodes Sri Lanka's Economy
(2013-07)
The Insight discusses three aspects regarding the inherent lengthy delays in the Sri Lankan court system. First, delays in dispute resolution are costly—and not merely in legal fees, but in investments and initiatives ...
‘Cess’ – End the Deception and Build ‘Street Lights’
(Colombo: Verité Research, 2013-11-27)
In Sri Lanka, ‘Cess’ is the name given to a special tax imposed on sales, where the revenue is earmarked for a specific fund with a particular economic purpose. This article discusses how the government has stymied export ...
The Economy is Growing, but Where are the Jobs?
(Colombo: Verité Research, 2013-06-26)
The Sri Lankan economy is reported to have grown by 6.4 percent in 2012. This was less than what was hoped, but still a robust level of growth. In 2010 and 2011 growth was an extremely healthy 8 percent and 8.2 percent. ...