Advocata Institute in partnership with Echelon Magazine hosted Prof. Razeen Sally for a talk on the state of Asian Capitalism and what it means for Sri Lanka. Following is a collection of press coverage on the lecture where Prof. Razeeb Sally spoke of the the three facets of Asian capitalism: economic, political, and global.
Daily FT: SL is running out of input-led ‘perspiration’ growth in changing Asia: Razeen Sally
"Shortages of labour, land and an ageing population mean that Sri Lanka’s opportunities for rapid catch-up growth are diminishing and institutional transformation is needed for innovation and output-led growth."
Sunday Times: Sri Lanka losing battle to increase productivity growth due to cronyism, lack of strong institutions
"Prof. Sally, who is also chairman of the Institute of Policy Studies, one of the leading economic-policy think tanks in the country, believes Sri Lanka’s crony patronage system between politicians and businessmen and the lack of strong institutions (legal, banking, public administration, etc) were an impediment to productivity growth."
Sunday Observer: Sri Lanka has to get reform basics right - Sally
"Addressing a recent lecture titled Capitalism in Asia: What it means for Sri Lanka, Associate Professor at the Lee Kuan Yew School of Public Policy at the National University of Singapore, Razeen Sally points out that the country which is transitioning towards an upper middle-income country should not be overly dependent on the kind of ‘catch-up growth’ it had in the past, but try to improve its institutional framework and focus on innovation."
Daily Mirror: Sri Lanka sleepwalking into a Rajapaksa dynasty - Prof. Sally
"Delivering a public lecture last week on the topic ‘Capitalism in Asia and what it means for Sri Lanka’, organised by Advocata Institute – an open market advocacy – Prof. Sally said the present government is doing its best towards a Rajapaksa restoration."
Daily Mirror: March corporate earnings defy overall negative sentiment
"Last week, Professor Razeen Sally, a renowned scholar and the Chairman of Institute of Policy Studies (IPS), Colombo, slammed the crony private sector in Sri Lanka and elsewhere in Asia that undermines the enterprise renaissance and effective capitalism."