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This is not a world affair in the South Asian region. Also what year is this, 1890? Who cares!

This is great news! If we expand port infrastructure to become among the best in the world, which it is fast becoming, then it will become more and more attractive as a place to build industry. Even if the port was 100% Chinese owned, it still brings a lot of money in the form of investment...

No power cuts anywhere in Sri Lanka. 98% of the population has uninterrupted 24/7 year-round reliable power, 2% of the poorest are yet to be electrified (I suspect they will be within a couple of years at the most -only 65% had power in 2005, and it's up to 98% in just 8 years)

Actually it might not be a stupid decision, it's more of a win-win. Sri Lanka gets added infrastructure, which brings in investment and gives a major boost to the economy. Even if it was 100% Chinese owned, it would bring millions of dollars into the country. It being 15% Sri Lankan owned is...

I noticed this too, reports on social indicators centred on Sri Lanka usually end up comparing it to East or South East Asian countries; at least in conjunction with the normal comparison with South Asian countries. I suppose it comes with the income/human development.

The end of large scale terrorism in SL has been a huge help, but I think having good governance and institutions are more important to growth. Over the decades of the conflict SL's economy grew at an average of 5+% per year even with the burden.

I'm just hoping we don't get stuck in the middle income trap like Brazil.

At 7% GDP growth the economy will double every single decade, and because Sri Lanka's population growth is so small (population won't change more than half a million persons more or less for the next 10 years) it should translate into big GDP per capita growth. We have a national HDI of...

That's the end goal for all of us! It's not rich right now though, by 2017 GDP per capita will still only be $5,000 (PPP$9,100) according to the IMF. It seems to me eradication of complete poverty is the only the easy half of the battle; building a knowledge-based developed nation (and...

Great intelligent analysis, I believe this is the same phenomenon referred to commonly as the 'demographic dividend'. It's going to be an interesting few decades in the world of geopolitics to see how this is managed at both ends.

Actually the graph is only a measure of the quality of available infrastructure. i.e. how efficiently it performs, but it is not a measure of quantity. So New Zealand apparently has infrastructure of a similar quality, but presumably a lot more of it

Let's see what happens when we do nothing but change the words around. how is sri lanka interfering...are your schizopherenic ? the tamil was in sri lanka...where he is clearly not welcome....and the agitations are in sri lanka....the tamils should watch their mouth and stop commenting on...

Yup! And when the per capita income rises it'll help prevent further brain drain, and eventually promote skilled immigration, as well as further increasing HDI and disposable income.

I believe all nations will have their time. India still has its demographic dividend going for them :laugh: But I hope Sri Lanka becomes a developed country relatively soon.

I understand. And you too! :cheers: It just seems unfair to pick one's favorite parts of a nation to merely compare it with an entire nation, regardless of population. A lower population means a proportional decrease in available human capital resources to improve the nation. If the same was...

Yes, but the discussion here is national HDI. You'll note that I neglected to mention Gampaha's HDI or Colombo's HDI. Sri Lanka's HDI is similarly dragged down by underperforming provinces, just like every nation on Earth. Also if you would please refrain from guessing at statistics, I'd like...

Sri Lanka has reached a ranking of 'High' Human Development (HDI=0.715, an increase of 0.010) that it now shares with Brazil and Russia. Sri lanka is placed 92nd. It has gained 5 places in the HDI rankings. It is the highest ranking attained by any South Asian nation to date, and it places its...