Peace for the World World ! Your War Our Lives
The Dalai Lama
A Brief Colonial History Of Ceylon(SriLanka)
Sri Lanka: One Island Two Nations
A Brief Colonial History Of Ceylon(SriLanka)
Sri Lanka: One Island Two Nations
(Full Story)
Back to 500BC.
Friday, January 22, 2016
Why we need to do more to attract FDI
The effort made by the Prime Minister in Davos to attract new investment into Sri Lanka is a clear sign that the Government is ready to do business with the world. The private sector needs to support the effort and the bureaucratic system we have needs to overhauled in line with other markets.
Today the most profound effect of FDI has been seen in developing countries where yearly FDI flows have increased. Today, China is at the forefront of FDI growth, followed by Russia, Brazil and Mexico.
Generally FDI refers to long-term participation by one country in another country. It usually involves participation in a JV, capital transfer, transfer of technology and expertise. There are two types of FDI: inward FDI and outward FDI, resulting in a net FDI inflow (positive or negative). There is substantial evidence that such investments benefits host countries.
In Sri Lanka, during periods of relative economic and political stability, FDI inflows have responded positively. Sri Lanka expects FDI to more than quadruple to $4 billion by 2020, currently we are less than $ 1 billion. Also with the advent and growth of the internet many traditional cases of FDI which required huge amount of capital and physical investments are slowly becoming obsolete. Therefore policymakers in developing countries must have the expertise to understand these new trends that has and will alter the playing field for FDI significantly.
Friday, 22 January 2016
Sri Lanka in 2015 was way below the budget set for Foreign Direct
Investments (FDI). The Government is making a huge effort to attract FDI
because today FDI has become the major economic driver of economic
growth.
The effort made by the Prime Minister in Davos to attract new investment into Sri Lanka is a clear sign that the Government is ready to do business with the world. The private sector needs to support the effort and the bureaucratic system we have needs to overhauled in line with other markets.
Today the most profound effect of FDI has been seen in developing countries where yearly FDI flows have increased. Today, China is at the forefront of FDI growth, followed by Russia, Brazil and Mexico.
Generally FDI refers to long-term participation by one country in another country. It usually involves participation in a JV, capital transfer, transfer of technology and expertise. There are two types of FDI: inward FDI and outward FDI, resulting in a net FDI inflow (positive or negative). There is substantial evidence that such investments benefits host countries.
In Sri Lanka, during periods of relative economic and political stability, FDI inflows have responded positively. Sri Lanka expects FDI to more than quadruple to $4 billion by 2020, currently we are less than $ 1 billion. Also with the advent and growth of the internet many traditional cases of FDI which required huge amount of capital and physical investments are slowly becoming obsolete. Therefore policymakers in developing countries must have the expertise to understand these new trends that has and will alter the playing field for FDI significantly.
