Economic growth: Will ‘feel good factor’ overwhelm all other prerequisites?

Dr. H.N Thenuwara, formerly Assistant Governor of the Central Bank and now an Adjunct Professor of Economics at the University of Iowa in USA, spoke on the economics of development to a group of selected economists in Colombo last week.

Thenuwara’s enterprise was to revisit some of the established economic theories relating to economic growth and development and pinpoint the essential prerequisites which Sri Lanka has to put in place if it is to sustain its current initiative for attaining a rapid economic growth that would amaze the rest of the world and thereby earn Sri Lanka the title ‘The Wonder of Asia’.