Category Archives: export issues

SBD de Silva: Marxist Scholar Extraordinary … Sharp Mind, Simple Life-Style

Gamini Seneviratne,  courtesy of The Island, 18 June 2018

SB who passed away last week at the age of 93 was undoubtedly the foremost analyst we have had of what his principal work defined as “The Political Economy of Underdevelopment”.  In that work, first published in 1982, as the blurb puts it, Dr. de Silva dealt with the theory of underdevelopment as he attempted a synthesis between the internal and external aspects of underdevelopment. In the Marxist tradition he focused on the impact of the external on the internal as the dominant reality.

Front Cover
RoutledgeMay 23, 2012 – Business & Economics – 646 pages

First published in 1982, this reissue deals with the theory of underdevelopment, as Dr. de Silva attempts a synthesis between the internal and external aspects of underdevelopment and, in the Marxist tradition, focuses on the impact of the external on the internal as the dominant reality.Viewing underdevelopment as a problem in the non-transformation to capitalism, this analysis is in terms of the character of the dominant capital and of the dominant classes. Underdevelopment thus encompasses the ‘traditional’ peasant economy and also the export sector where the ‘modernizing’ influence of colonialism was felt. The book finally considers how the contemporary internationalization of capital affected the economies of the Third World.

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Sri Lanka as Hub in China’s Expanding Silk Road Outreach

Mirror News Item 19 May 2019, with title  “China claims Sri Lanka hub in Silk Road strategy””

China hinted Sri Lanka’s growing importance in its ambitious US$500 billion One Belt One Road (OBOR) initiative claiming Sri Lanka is a ‘hub’ in its OBOR strategy.  Sri Lanka meanwhile stressed of its own role in OBOR, and revealed that the Colombo Port City project despite the 25-year long timeline, is ‘progressing at great speed’.

Minister Bathiudeen (right) is joined by Guangxi Zhuang Autonomous Region’s (GZAR) Director of Department of Commerce  Diao Weihong (second from left) at the event. Pic by Kithsiri de Mel

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Colombo Port Terminal’s Rapid Growth consolidated via Deal with China

Editorial Item in NewsinAsia, 17 March 2018, where the title is thus Sri Lanka, China to jointly promote Colombo Port”

Colombo, March 17 (newsin.asia) – Sri Lanka’s Colombo Port expects to handle 7.0 million containers in 2018, up 12.9 percent from the 6.2 million twenty foot equivalent units handled in 2017 through a joint marketing by three terminals, Ports Minister Mahinda Samarasingha said here Saturday.

Sri Lanka’s Jaya Container Terminal of the state-run Sri Lanka Ports Authority (SLPA), South Asia Gateway Terminal run by John Keells Holdings and Colombo International Container Terminal of China’s CM Ports has inked a deal to jointly promote the port, which now ranks at 25 in the world’s busiest ports.

 

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Machang. China as Sri Lanka’s Best Friend

Don Manu in Sunday Island, 18 February 2018

 

 

Even as the Chinese New Year of the Dog dawned this Friday, it is becoming crystal clear that China is fast turning out to be Lanka’s best friend.. And that this country, reduced as it is to the nadir of its economical and political existence and the recent loss of its moral compass, should grip the hand of friendship. China, for whatever reason, has so earnestly extended to her. If last week’s election result showed the political negative Yin of Chinese philosophy, it has become vital that the nation embrace the positive Yang on the economic front and anchor its last buck and its first faith to the growing power of the Chinese Yuan.

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Sri Lanka’s Economic Prospects reviewed by the Governor of Central Bank

 Dr. Indrajit Coomaraswamy, Governor, Central Bank of Sri Lanka, presenting the Gamani Corea Memorial Lecture on Monday, 6th November, 2017 at 5.00 p.m. at the BMICH , entitled“Towards a vibrant economy and prosperous country”

I -Introduction: The theme of my remarks this evening is going to be Towards a Vibrant Economy and Prosperous Country.  I intend to begin by trying to make the case that this is probably the most favourable set of circumstances Sri Lanka has enjoyed for over five or six decades. I then propose to talk about key paradigm shifts which have changed the landscape for policy-making; the frameworks that have been put in place for macroeconomic policy making; the growth model; the policies to strengthen the growth framework; and some of the Government’s major development programmes.  These are embedded in the Government’s Vision 2025 document.

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The Scam and Spam World of Neo-Liberalism, 1977-2917

Sumanasiri Liyanage,   in The Island, 3 August 2017, which has the title  Reflections on four decades of neo-liberalism: 1977- 2017″”

 

Senani and Kalpa, two of my former students, gave me a wonderful gift when they returned to Sri Lanka for a summer vacation from the New School of Social Research in New York. The gift that is a copy of Arundhati Roy’s second novel, The Ministry of Utmost Happiness, provided me loads of thought on the subject that I intend to deal with in this essay. Of course her narrative is about India. The following quotation appears to be equally applicable to Sri Lanka’s journey in the last four decades through neoliberalism. On page 105, she writes: “The summer of the city’s resurrection had also been the summer of scams-coal scams, iron-ore scams, housing scams, insurance scams, stamp-paper scams, phone-licence scams, land scams, dam scams, irrigation scams, arms and ammunition scams, petrol-pump scams, polio-vaccine scams, electricity-bill scams, school-book scams, God Men scams, drought-relief scams, car-number plate scams, voter-list scams, identity-card scams- in which politicians, businessmen, businessmen-politicians and politician-businessmen had made off with unimaginable quantities of public money.” If one wants to Sri Lankanize the list she may do some additions and subtractions like karunka scams, pepper scams and of course bond scams. Continue reading

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High Tea at Canberra as Lanka’s Tea Trade stimulates the World Palate

News Item from High Commission — Canberra, 7 July 2017

The Global Ceylon Tea Party celebrating the 150th anniversary of Ceylon Tea got underway on 6th July with the first party in the Pacific region being held in Canberra at the  Sri Lanka High Commission. Specially identified Tea businesses, Tea traders, travel writers & firms and selected academics, officials, diplomats were invited to this unique event.

The programme commenced with a video presentation on the symbol of quality that is Ceylon Tea, and High Commissioner S. Skandakumar addressing the gathering with an overview of the long traditions to ensure the quality and standard that are synonymous with Sri Lanka’s tea industry which has put the country on the world map.

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