"Arthikavidya" Journal of Economics Students’ Society
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Item The Generalized System of Preferences (GSP) and the International Trade of Sri Lanka(Economics Student Society, Department of Economics, University of Kelaniya, Sri Lanka, 2016) Perera, I.G.A.N.The Generalized System of Preferences (GSP) is a popular preferential tariff system which is excluded from regular rules of the World Trade Organization (WTO). Many developing countries including Sri Lanka have granted the GSP benefit from the European Union (EU) and some other developed countries like United States of America. This article has discussed the importance of the GSP as a preferential tariff system in view of advantages, disadvantages and effects of withdrawing it from the European Union. The paper has revealed that the withdrawal of GSP plus from the European Union was not negatively affected on Sri Lankan foreign trade volume and values. The analysis was totally based on the secondary information such as custom reports, books and the internet.Item The World Bank and its affection towards economic development in Sri Lanka(Economics Student Society, Department of Economics, University of Kelaniya, Sri Lanka, 2016) Dinelka, M.C.The World Bank functions as an international organization that fights poverty by offering development assistance to middle – income and low – income countries. As World Bank’s stated official goal is the reduction of poverty. The World Bank has set two ambitious goals to push extreme poverty to no more three percent by 2030, and to promote shared prosperity and greater equity in the developing world. According to the history of World Bank it was established in 1944 and before 1974 the reconstruction and development loans were relatively small. From 1974 to 1980 their size and number of loans to borrowers were increased and 1980, the World Bank Administrative Tribunal was established. As well as Jim Young Kim is the current president of the World Bank. The World Bank is different from the World Bank Group an extended family of five international organizations. However their world bank’s stated official goal is the reduction of poverty. For the poorest developing countries in the world, the world bank's assistance plans are based on poverty reduction strategies; by combining a cross-section of local groups with an extensive analysis of the country's financial and economic situation the world bank develops a strategy pertaining uniquely to the country in question. At that manner the World Bank had recognized Sri Lanka as a lower middle-income country with a total population of 21.0 million people. Strong economic growth in the last decade has led to improved shared prosperity and an important decline in poverty. As Sri Lanka aspires to become a higher middle-income country, it will need to adjust its development model. The Country Partnership Framework a strategic plan that defines the World Bank Group’s engagement with its partner countries. According to the World Bank, the country partnership framework supports to the government of Sri Lanka in implementing its reforms to achieve greater competitiveness through three strategic priorities. As well as the world bank’s support in Sri Lanka includes 13 active projects operating in 163 locations. Among these projects World Bank delighted to contribute their global experience to support Sri Lanka in its journey to preserve wetland, educate the public and reduce the social and economic impact of floods in Colombo. As well as World Bank concentrates to Sri Lanka through the different kind of projects and going to make new partnership framework to build up Sri Lankan economy without the poverty. So the World Bank delighted to contribute their global experiences to support Sri Lanka.Item The performance of Export in Sri Lanka(Economics Student Society, Department of Economics, University of Kelaniya, Sri Lanka, 2016) Herath, H.M.N.M.; Chathurika, K.I.A.Exports are the goods and services that are made in one country and transmitted to foreigners. When consider about the Sri Lankan economy, Export is playing a major role with international trade. Since 1977, Sri Lankan Closed economy had move to the Open economy and began to deals with the international trade. Considering Sri Lanka’s export markets, a few important trends are visible. Sri Lanka's most dynamic industries now are food processing, textiles and apparel, food and beverages, telecommunications, and insurance and banking. Main export partners are United States, United Kindom, Germany, Belgium and Italy. According to annual report of Central bank, Sri Lanka, the country’s export performance during the four decades that have ensued has been disappointing. But in September of 2016, the exports in Sri Lanka increased 5.7 percent year-on-year to USD Million. The purpose of this paper is to present exposition and explanation of the performance of Export in Sri Lanka. And it is expected to discuss how exports effect for the Sri Lankan economy. We referred secondary data such as Central bank reports, Magazines, and internet for this analysis.Item Dairy Industry trends in Sri Lanka(Economics Student Society, Department of Economics, University of Kelaniya, Sri Lanka, 2016) Pathumsha, H.M.A.V.Milk is inherited by the nature as a much tasted drink as well as high nutritious liquid food. Milk is consumed the every man at least one time in their duration of life. As an agricultural country, the dairy industry of Sri Lanka has survived in thousands of years. Prior to adopt the open economic policies in 1977, Sri Lanka had become self sufficient in milk. After adopting the open economic policies, imported milk products were attracted to consume exceedingly since they had very lower prices. Therefore, the demand for domestic dairy products had fallen and the dairy farmers were discouraged. Then dairy industry in Sri Lanka was subject to recession and it had made many harmful effects to the economy. Hence, this article is focused on understanding the current situation of the dairy industry, identifying the problems and prospects of this sector and adduce the suitable policies and programmes for develop the dairy industry in Sri Lanka.