Is Sri Lanka Poor and Why | Dr. Rajapathirana & Dhananath Fernando

Corruption also a deterrent to growth

I think Advocata is becoming redundant, their need to push for free market, deregulated policies ignores the elephant in the room which is the oligarchy.

When one says that the we have been plagued by bad policies, what we are actually saying is that policies benefit the oligarchy at the expense of the citizenry,

That is why we are poor.

And this can be seen in the wealth distribution of these countries.

Take their own examples.

Thailand's economic boom has resulted in their richest 1% in Thailand controls almost 67% of the country's wealth!

In India the top 10% of the Indian population holds 77% of the total national wealth.

And these are supposed to be examples of economic systems that we need to follow???

Many important issues were discussed with the great minds at Advocata, and valuable ideas were shared. I hope Advocata takes steps to present these ideas to decision-makers responsible for economic policies. Government officials often lack opportunities to upskill and may struggle to think outside the box.

He is a son of V.Rajapathirana. He was a policy man.

What is the value povety line
Please explain this point.

On the point ❤

Because Srilankan people are in poor mind set that's the reson country is poor 😅😅😅😅

Who is funding or behind ADVOCATA ????????
Whose mouth piece is ADVOCATA ?

Great discussion and wealth of information.

Very timely discussion😊

Thanks for sharing such valuable information! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?

There are rich and poor people in Sri Lanka . Who are the rich ? Peolpe
Who serve interests of the state get rich through privileges . Like professors , politicians , executives etc . The state is exploiting poor people by imposing heavy taxes on basic foods , clothing , and material needed to build housing . The state borrow money from IMF , WB
etc .and distribute it among the rich people and then state make poor people pay those borrowed money with interests . So poor people getting poorer and rich getting richer . Rich people like this profeser always try to maintain this system . Now poor people are struggling to servive without any hope of relief . This is basically a criminal system a very cruel one .

Having children can lead to more poverty. Especially in countries like srilanka population must be controlled like the one child policy.

Thank you for the open discussion. About poverty in Lanka, needs to upgrade education system with more technical with other skills. SL universities producing useless degrees not compatible with business world. Lanka needs plumbers, construction workers, machinists, computer coders etc. SL needs to teach English from grade one.
You can’t match wealth just looking at cars in the street. Lot of SL living above the means, like spending on credit.
Lanka should take advantage on India, we are sitting next huge economic power, which will benefit SL growth.
Government needs to have economic policies that benefit citizens of their own. Right here in U.S has opportunities for capital market, innovation and entrepreneurs. No one from SL come and address U.S Capital Market expect for RW or his last visit to India.
I was Argentina, last month as seen economic progress with President Javier Millie. I pray for SL next generation has great economic opportunities.

No Sinhala Racism
No Economic Crisis in the islands.
But the Sinhala racists( R BLINDED due to their racism against Tamils & Muslims)run Srilanka lost Sovereignty cos of their massive loans to carry out Genocide of Tamils and to occupy Tamil Eelam with 87% Military since 2009 till today.

Sri lsnkan aa far as I observe and outside view are lazy people and not smart people. Most of the people don't know what to do and know one to guide them. One may ask rest of asia fast catching up with development and why are we left behind. The answer is above that is ""not smart people"" from top level politician to low level people

we must have more time to develop the country fast, so please cut holydays we have.