16 December, 2025

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Policy Challengers: Where To Start?

By Ravi Perera –

Ravi Perera

He reached the utmost limit in knowledge” – Medieval Arabic saying

Sri Lanka’s trade volume is virtually invisible when compared with the global scale or even the giants of Asia. In 2023, our total trade value was roughly $ 32 billion, of which exports were around $ 13.6 billion while imports were $ 17.6 billion, leaving the country with a deficit of about $ 4 billion. Our main exports were tea, rubber, apparels and spices. The commercial plantations introduced during the colonial era remain vital for the economy, while the apparel industry which came in the late 1970s has become a mainstay of our industrial output. Known as a poor man’s industry, apparels require a large labour pool, utilises basic technology, there are many competitors, and the margins are limited.

By way of comparison, our neighbour India has a trade volume of about 1.73 trillion (exports $ 820, imports $ 915 billion). It is distinctly embarrassing when we compare ourselves with tiny Singapore which has a trade volume of $ 1.23 trillion (exports $ 638 and imports $ 567 billion).

To round up, let us glance at much ravaged Cambodia, a country of 17 million people. It has a trade volume of $ 54 billion, exports 26 billion and imports 28 billion.

Our failure is gigantic indeed!

In this dismal backdrop, my interest was piqued by a recent YouTube of a discussion with the title “policy challenges of globalisation in Sri Lanka”. The title was from a book launched at that event by an economist by the name of Dr. Sarath Rajapathirana. The guest of honour at the event was former president Ranil Wickremesinghe. Clearly, both men are of advanced age; where other cultures consider senility, in our country this is the age of great wisdom.

Infinitely small our share of global trade maybe, we yet can talk about it. We may not manufacture a push-bicycle that could gain a market in the outside world, but we can hold a seminar on space exploration. Going by what has been happening in our so-called intellectual circles, seminars on extra-terrestrial matters at posh hotels in Colombo should not surprise us. Our learned speakers will expand on the space race, quote the various agreements governing these things (using acronyms to show familiarity) and of course end up with vague references to our ancestors escaping gravity to explore the universe!

But we cannot make that marketable bicycle!

There is a huge audience for nonsense.

The country is a mess

At every street corner in this sorry country, we meet know-all’s; concrete results are not important, a mere show of punditry will satisfy the audience! These pundits claim massive knowledge, but their actual performance is less than mediocre, the country is a mess! Politicians are not the only charlatans; our workmanship, productivity, competitiveness is below par, any job is only half-done, nothing up to world standards. For a country that has been managing its affairs for 70 years now, the economy is paltry, the trade volume is distressing and there is much to be desired socially; a mediocrity affirming its essence.

We are a nation in the grip of mid-summer madness. What Shashi Tharoor observed of India, “everybody is rushing about, but no one is on time”, fits us to a tee. In our common narration, Sri Lanka is blessed with superlative leaders, but our average annual economic growth rate has been a paltry 4% since independence! We learn every day that corruption has been the lubricant of nearly every design and project in this country. Corruption in various forms: bribes, kickbacks, gifts and patronage have made yesterday’s ‘nobodies’ into today’s ‘somebodies! To a culture with doubtful moorings, the only criteria is money, and money has made these new ‘somebodies’ look gigantic, giants in a Lilliputian land!

“Policy challenges of globalisation in Sri Lanka” suggests that we have a policy in globalisation, now facing headwinds. Clearly the main draw at the book launch was the former President Ranil Wickremesinghe who can claim nearly 50 years in public life, a good many of these deciding national policies. For reasons not difficult to discern, Wickremesinghe has had a charmed political career since 1977; when a junior MP he was made a minister of the government led by his uncle JR Jayewardene. He went on to hold many ministerial positions, Prime Minister several times and eventually was appointed President in 2022.

Our post-independence history displays an obvious poverty in the national leadership, no great nation builders, no true visionaries, a country performance emphatically mediocre. Any economic statistic will show the emptiness of the show. However, taken as individuals, we have had several politicians who were well-read, cosmopolitan and perhaps honest when handling public funds. In the early decades after independence many politicians were educated in English, thus open to the larger world. As was habitual then, they were avid readers and had eclectic interests.

Dudley Senanayake, JR Jayewardene, SWRD Bandaranaike, NM Perera, Colvin R. De Silva, Pieter Keuneman, Bernard Soysa, Ronnie De Mel and later even Lalith Athulathmudali, Gamini Dissanayake were intellectuals in a broad sense. By their side Wickremesinghe would have been unremarkable. As these leaders gradually moved out of the stage, there was a noticeable narrowing of our intellectual landscape. Now, the ordinary looks extraordinary, in the land of the blind, the one-eyed man can be king.

A strong elected executive

When introducing his Constitution (1978) JR Jayewardene argued that to achieve rapid development the country needed a strong elected executive who will be free of the pressures of parliamentary politics. Since the elected executive will come with a mandate of the people, he will command legitimacy. What happened in 2022 was the very opposite of such a mandate. Wickremesinghe, who had lost his seat at the parliamentary elections before that, had come to parliament based on the single bonus seat his party had earned. And, when in 2022 the sitting President Gotabaya Rajapaksa fled the country, the parliament in which the run-away president’s brother Mahinda Rajapaksa’s People’s Alliance held a majority, elected Wickremesinghe, supposedly from the Opposition party, President.

In the turbulence of those troubled days, although constitutional formalities of succession were followed, the spirit of democracy, the mandate to rule became secondary; there was no talk of a government by the people, for the people.

The ‘Aragalaya’ which forced Gotabaya Rajapaksa to flee the country had run its course. Forced to default on its debt Sri Lanka had to swallow the IMF prescription; get credit from the IMF, increase taxes on its citizens and devalue the currency. Perhaps made delirious by the tragicomedy unfolding in the tropical heat, this was hailed by some as a huge achievement.

After a couple of years as President, Wickremesinghe went for a Presidential election. He had a choice of holding the Parliamentary election first. Often in our leaders, hubris distorts their perception. He probably fancied his chances at a Presidential election. In the Presidential contest Wickremesinghe was a distant third; no presidential mandate to start with, no endorsement at the end of the presidency! To imagine that Wickremesinghe would have another bite at policy making seems like a mid-summer night’s dream. But then, anything is possible in a Lilliputian land when in the grip of mid-summer madness!

Why listen to a man on policy challenges, when he had the power to change them while in power? To claim mastery in all kinds of economic theories is pure conjecture, when previously Wickremesinghe was in office, there was no noticeable resurgence in the economy. After his 50 years of politics, Sri Lanka remains a tiny economy, and in comparison, to Asian tiger economies, backward. To the overrated Colombo windbags, there is no other man and there is no other way. While they look for leadership from a preordained family or fakes from our doubtful elite, the world caravan has moved on.

In the discussion that followed the launch of the book Wickremesinghe was at pains to establish his erudition, as he is wont to do. Commenting peremptorily on wide-ranging topics such as the Ganges River Civilisation, the Washington Consensus (a contentious title), American trade policy today, Western security concerns and the evolution of various economic groupings among fast growing economies of Asia (invariably using the abbreviated title).

Multi-faceted subjects open to varied interpretations

Such cavalier opinions were not meant to enlighten the listener, clearly, they were apocryphal in substance. A mere opinion by a person does not mean he understands all the ramifications of the matter himself. Even if the listeners were unaware of the specific issues, they would be intelligent enough to know that these are complex and multi-faceted subjects open to varied interpretations. His words however were not meant for that small gathering, he was addressing another audience, an audience who in Wickremesinghe’s mind constitute the majority in the country; an audience which thrills almost mechanically to digs at the West and bows reverentially to any reference to Buddhism.

Expanding on the Ganges River Civilisation, Wickremesinghe said that even in those faraway days there was globalisation (trade, ideas) but as Hindus they could not cross the seas until Buddha encouraged them to do so. There was no reference to his source. The missions which took Buddha’s message to various Asian realms happened a couple of centuries later. Among other things, his message was one of peace, wisdom, impermanence and of course the renunciation of selfish cravings, but not of seafaring.

Wickremesinghe then suggested a reason for Sri Lanka’s failure, we took advice from economists from the United Kingdom, a country in decline. Singling out those from the Sussex School of Development, he described some of these advisers from Sussex as funny creatures to the hardly suppressed giggles of the audience. The East Asians on the other hand, took advice from Harvard graduates.

A leader of a bankrupt country with an economy less than $ 100 billion, was passing judgment on a country with an economy of over $ 4 trillion. For thousands of Wickremesinghe’s countrymen, entry to the United Kingdom, a country in decline in his assessment, is their only path to a better life. While publicly bashing the United Kingdom, our elite do not hide their esteem for things British, especially British educational qualifications, even an honorary degree from Britain will be grabbed with both hands. They also eagerly attend the funerals, weddings and coronations of the British King, who after all is only a symbol of that nation, a figurehead.

To our leaders, British advisers may seem funny, how would our leaders look to the outsider?

Aging men, alternately hogging leadership positions for fifty years in a country which has gone to the IMF several times, an abject receiver of foreign aid, a passport universally disregarded; a country inefficient, nepotistic and corrupt!

Towards the end of the discussion Wickremesinghe challenged a young participant “where do you live, do you have running water, electricity, a proper roof over your house? Before 1977 many in my electorate did not have these amenities…”

All these came to the young man only because of the enlightened leadership of the then Government of which he was a minister. Good things happen because the politician makes them happen. He is the beginning, and the end.

Are our leaders funny, or are they hilarious?

The proceedings at the book launch ended with author Sarath Rajapathirana speaking a few words. He wanted to thank with some ceremony three individuals who had assisted him in getting the book together, but he could not quite remember their names…

Latest comments

  • 15
    2

    Ravi, simply superb.

    “LANKA in NUTSHELL”

  • 12
    4

    Is Ranil a true Buddhist ?

    What will he not do to be President again or even to come to parliament again ?

    What will he not do to fly First Class to a Western country ?

    Ranil is a fraud .

    Why is the UNP still tolerating a leader who has brought the UNP to only one seat ?

    Because the remaining UNP is even more cheaper and crooked than Ranil !

    • 4
      10

      Turn up the volume, SRILANKEN idiots!

      https://www.youtube.com/watch?v=hFH2dYwH3rI

      Twelve months went by with the ineffective NPP doing nothing but stealing the credit of the previous government, which had a less legitimate mandate but had mastered noble values to keep the nation from plunging further and reaching the brink of collapse.
      Tell us what they accomplished in terms of investments and the growth of their foreign exchange reserves, which they claimed reached 6.2 billion USD by the time AKD assumed control!

      The growth rate has decreased from the previous year, inflation has increased, and CEB has lost money.
      The profits of Sri Lankan Airlines have decreased.
      Forex reserves have not yet increased significantly.
      What accomplishment is the paragraph from Thambuthtegama expressing?

  • 3
    2

    Ranil is 76 now . 80 is considered life lived in full . Ranil health was
    brought forward as support for his recent bailout at the court . The
    truth is for him to understand that he gives his soul a bit of rest while
    he is living . Normally 60 retirement age has two great significance .
    One is live and the other is let live . You have a little more time to live
    and let another soul to fill your place . The country has lost leaders and
    the cycle won’t stop . Stop imagining that you are the best and without
    you everything lost . Funny situation . Leaders come and go and the
    general public also come and go and in our country , Emotion and Ego
    there to stay possibly for more centuries .

    • 3
      9

      WW,thanks for you comment. I believe the former President did his best during his interim presidency, which lasted 26 months. Without him and his powerful small cabinet (Ali Sabry, Sansinghe, Manusha, Harin, Kanchana and few others), things would be far worse today.

      https://www.youtube.com/watch?v=kuuqjyU6TA0&t=149s

      However, in a country with more stupid people than educated people, nothing would change quickly for the better.
      While listening to Thambuthegama Pina’s budget speech yesterday, I had the impression that late Honourable Minister Ronnie de Mel and others in politics should be much taller men.
      From July 2022 to September 2024, forex reserves increased to 6 billion USD, and inflation fell from 70% to 0%. They took it for granted. Could you imagine?

      What have the AKD NPP leaders contributed to the country over the last year?
      My recent trip to the motherland revealed to me that no such difference had occurred, even though they boasted about the “real change”.
      Whoever I met stood against the NPP government. Most of them were speechless and nodded their heads, expressing their frustration. Cities and rural areas were littered with more plastic garbage than ever. There is no organised work to educate the people, as we had hoped. Their volume of blatant lies and what they have delivered is a stark contrast.

      • 3
        0

        L M ,

        The majority of people in every country are electing stupid
        members to their legislative body because of wide ranging
        reasons . Do you think we had educated or wise people in our
        previous governments ? How many donkeys did we have in
        our parliament under all hues ? Do you remember we had a guy
        from Kaduwela ready to drink ” Sereppu Soup ” made out of
        Premadasa Sereppu ? And Aswar from Putlam was called
        Putlam donkey ? Most recent was Mervyn circus . We always
        had MPs only for raising their hands and so are the ones we
        have today with the only difference being the age . But in all
        cases , we change or not , the world is not the same in terms of
        modern lifestyle , regardles of whether one is aware or not .
        The difference between the developed and us , in my experience
        is , the developed has the experience to take everything with a
        pinch of salt and we take it full of salt . People even plan their
        death , the developed ones . People like Ranil and Mahinda and
        their cohorts ? Never ready to let it go , even if ready , only their
        babies ! Spent bullets . Why waste time .

        • 3
          2

          WW, thanks. At least a few of you try to understand the depth. I wonder if Prof Ass’s hee-haws are the result of senility.
          My concern is that our people will turn out to be like North Korean society.There is prima facie evidence that he and his party stood firm against beneficial proposals in the previous government, but this time, his government is about to purchase a slew of vehicles.
          Wasn’t he the crying man who declared that the country has enough vehicles and that no more should be imported?
          I do not live in srilanka, but I am sorry for the people and their dreams.

  • 8
    2

    Ravi Perera You nailed it! Spot on!

    It’s nice to read well learned English of one’s own. ……. Have noticed recently how some commenters’ English has suddenly taken a complex turn …….. the influence of AI, suppose! :)))

    To her credit, Ramona always had the complex language from the get-go ……… way before AI.


    “To the overrated Colombo windbags, there is no other man and there is no other way.” ……..ROFLMAO …… the windbags are not just in Colombo ……. Düsseldorf too!


    Some figures of Lanka’s income from AI

    For 2024, Sri Lanka’s main income sectors included workers’ remittances ($5.4 billion by October), merchandise exports ($6.54 billion by mid-year), and tourism ($3.17 billion). Workers’ remittances and tourism earnings continued to grow in 2024 compared to 2023.

    Sector-specific income in 2024:

    • Workers’ Remittances: Overseas workers sent back $5.4 billion between January and October 2024. This was an increase from the $4.8 billion received during the same period in 2023.

    • Merchandise Exports: Merchandise export earnings were $6.54 billion by mid-2024. Significant growth was seen in the garment industry, tea exports, coconut-based products, and gems.

    • Tourism: Sri Lanka generated approximately $3.17 billion from tourism in 2024, a 53.2% increase from 2023. The country welcomed over 2 million tourists during the year.

    • Services Exports: Income from services exports was estimated at $1.83 billion in the first six months of 2025, which reflects a 9.78% increase over the same period in 2024

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