Srilanka, Oct. 11 -- "Efficiency is doing things right; effectiveness is doing the right things." - Peter Drucker
Author: Prof. Asoka S.Seneviratne
Introduction
Sri Lanka's next economic challenge is to turn stabilisation into sustained economic transformation. Restoring macroeconomic stability was necessary, but stability alone cannot deliver higher productivity, competitive production, expanding exports or improved living standards. The country must strengthen its capacity to generate employment, raise household incomes and earn the foreign exchange needed to finance essential imports and meet its external obligations.
This challenge raises an important institutional question. The Board of Investment (BOI) promotes investment, the Exp...