Sri Lanka’s biggest growth challenge is total factor productivity (TFP), the ability to get more output from the same labour and capital. But according to the Asian Productivity Organization, our TFP is negative. We’re getting less out than what we put in. The fastest way to fix this is competition. And the most effective channel for competition is trade. Yet Sri Lanka’s trade agenda has been crippled for over a decade by nationalism, protectionism, and politically connected businessmen who lobb
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Sri Lanka’s biggest growth challenge is total factor productivity (TFP), the ability to get more output from the same labour and capital. But according to the Asian Productivity Organization, our TFP is negative. We’re getting less out than what we put in. The fastest way to fix this is competition. And the most effective channel for competition is trade. Yet Sri Lanka’s trade agenda has been crippled for over a decade by nationalism, protectionism, and politically connected businessmen who lobb
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