Archive for the 'economics' Category

Budget Speech 2012 (#slbudget2012)

Monday, November 21st, 2011

It’s on. The UNP has walked out rather than, you know, actually being an opposition, so what you see is what you get. Things that interested me: the tourist visa fee. It seems set at $20 global, $10 SAARC, which the government is apparently counting on as revenue. But then they say the fee will be waived if visitors stay more less than 48 hours. I think that whole thing is a confusing mess.

21% Of Kids Are Malnourished (SL)

Monday, November 21st, 2011

child malnutrition 2000 and 2006 sri lanka1 out of 5 Sri Lankan children are underweight. In the estate sector (tea plantations) it’s 1 in 3. I find this shocking, but that’s what the Institute for Policy Studies has found in 2006 data. Despite Sri Lanka’s decent healthcare and education (by Asian/African standards), persistent inequality means that kids and mothers are still going hungry.

The Shadow Economy

Tuesday, November 8th, 2011

According to Robert Neuwirth, most workers in the world are off the books. I do a fair amount of freelance work off the grid (though I try to report it) and a significant amount of Sri Lankan business is cash. Indeed, this ‘informal’ system predates the formal economy, but it’s still surprising to hear “half the workers of the world — close to 1.8 billion people — were working in System D: off the books, in jobs that were neither registered nor regulated, getting paid in cash, and, most often, avoiding income taxes,” (Foreign Policy).

Human Development: Sri Lanka Beats India And China

Friday, November 4th, 2011

The 2011 Human Development Index is out. What’s interesting is that inequality, especially gender inequality, has dragged India to the bottom of South Asia and the world in general. At the same time, however, “Sri Lanka has overtaken China on human development and with an HDI of 0.691, is now within touching distance of the “high human development” category” (Times Of India).

Ghettonomics And Inequality

Monday, October 31st, 2011

What do wealthy Sri Lankans spend on? Foreign cars, iPhones, imported goods and travel. I call it Ghettonomics. Rappers representing the hood get out and spend all their money on luxury items, sold by already wealthy people. It’s not like Bentleys are made in Brooklyn. Hence, the hood remains poor. I think this is one reason why income inequality hurts developing countries.

India’s Untouchables: Moving On Up (Infographic)

Thursday, October 27th, 2011

india dalit asset ownershipDalits were Indian outcastes or untouchables. Over years (with support from the government) they’ve slowly been moving on up. In Tamil Nadu ‘lower’ castes have done especially well in business, but their lot has improved nationwide. This infographic covers the sitch of all Dalits in one district of Uttar Pradesh – Bulandshahar. It’s from the Center For Advanced Study Of India. The improvements from 1990 to 2007 are striking.

Sri Lanka’s Energy Woes

Tuesday, October 25th, 2011

energy production in sri lankaThe rains have come, but Sri Lanka’s power utility lost 167 million rupees per day in August. Ye Gods. Why do the rains matter? Because Sri Lanka runs primarily on hydro power and has to top that up with thermal power. What’s thermal power? Well, do you know how a generator works? You pump in diesel or petrol and it gives you electricity for a while? That’s our national policy.

Sri Lankan Vehicle Ownership Has Doubled

Saturday, October 15th, 2011

From 2002-2010, the Sri Lankan vehicle population has more than doubled. There were 1.9 million vehicles on the road in 2002 and now there are nearly 4 million. I highlight vehicles because these are not cars. Over 50% of the vehicles on the road are motorcycles. As you may have noticed, at every single junction.

Sri Lankan Income Vs. Expenses

Friday, October 14th, 2011

Sri Lankans are actually getting richer all the time, and are even becoming able to save a bit. Average household income was Rs. 881 in 1980 and is 36,451 according to the latest data, 2010. People who hark back to the good old days of colonial administration are quite mad. There simply wasn’t much to administer. Life has undoubtably gotten better since Independence, but still not yet enough.

The Economics Of Estrus (Do Fertile Strippers Get More Tips?)

Wednesday, September 7th, 2011

Days in menstrual cycle and dollars earnedAh, good science writing. This is a post from the Throckmorton File about a scientific study on stripper, specifically, how their tips are effected by their menstrual cycle. And they are. Very interesting. In scientific terms, this would be a study of the economic effects of female estrus. In common parlance, they’re asking whether ovulating strippers get more tips. Apparently they do.