Articles tagged with “srilankaeconomy”

The story of Singapore's transformation from a struggling port city to a global financial hub is one of the most remarkable economic success stories of the 20th century. In 1965, Singapore was a newly independent nation with no natural resources, a largely uneducated populace, and a high unemployment rate. Fast forward to today, and it stands as a beacon of prosperity, boasting a per capita income that rivals some of the wealthiest nations in the world. In contrast, Sri Lanka, once viewed as a model for Singapore, has faced numerous challenges that have hindered its development. This article explores the lessons Sri Lanka can learn from Singapore's journey, focusing on key areas such as governance, economic policy, human resource development, infrastructure investment, and social cohesion.