ISSRS 2018
Permanent URI for this collectionhttp://repository.kln.ac.lk/handle/123456789/19944
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Item China's String of Pearls Strategy and Sri Lankan Economy after 2009(2nd International Studies Students’ Research Symposium – 2018, Department of International Studies, Faculty of Social Sciences, University of Kelaniya, Sri Lanka, 2018) Wageesha, K.K.G.L.China and Sri Lanka have extensive historical links, initially religious and cultural, and later also economic. The strategic location of Sri Lanka, between key shipping lanes and so-called ‘String of Pearls Strategy’, have significantly enhanced the two countries’ economic relations in recent years. By examining the state of those relations in two comparative contexts: brief explanations of String of Pearls Strategy’, the Strategical importance of Sri Lanka and the effects of China’s String of Pearls Strategy. The results highlight a number of findings. First, get to know about the String of Pearls Strategy and what kind of changes China did in the Indian Ocean Region. China creates a network on the military, commercial facilities among Indian Ocean Region nations to success their economic ambitions through the Indian Ocean Region nations. Second, Sri Lanka is very significant for the Indian Ocean Region and resourcefully importance of Sri Lanka to Chinese investors and their exports. Also, Sri Lanka becomes a hub of Indian Ocean, because of maritime silk route located near Sri Lankan sea. In that case, Colombo and Trincomalee had a significant role to play in the naval routs. Third, analyze the trade, investment and tourism relations with China. After 2009, China has been the top of Foreign Direct Investments donor and lender to Sri Lanka in recent years, the Foreign Direct Investments brings on impact to the Sri Lankan Economy after 2009 and China attract more investments, grants, and loans to Sri Lanka to develop the Sri Lankan economy. As these economic help Sri Lanka trap a debt crisis. Also, within these relations what kind of threats and opportunities can be faced as a country like Sri Lanka will be discussed. In this research try to identify the contribution of String of Pearls Strategy to Sri Lanka economy after the civil war of Sri LankaItem Economic Potential of Sri Lanka as a Business Hub in the Indian Ocean Region: Study Focused on Blue Economy Concept(2nd International Studies Students’ Research Symposium – 2018, Department of International Studies, Faculty of Social Sciences, University of Kelaniya, Sri Lanka, 2018) Jayawardane, B.A.I.M.The concept of Blue economy describes the strategic and sustainable use of marine resources for development of the economy and wellbeing of humans. The concept of blue economy is a sub section of “Green economy concept". Blue economy links directly to the sustainable development of States. The term was introduced as a concept, by Gunter Pauli and the term emerged in the global scale after Rio+20 summit. The concept, mostly suits for Island States and least developed countries. This describes about a pathway to conserve the environment while boosting the economy. Diminished resources on land signifies the need of blue economy concept. The concept benefits to States by creating new employment and boosting coastal and national economies. Shipping and transport, seabed exploration, blue biotechnology, ocean renewable energy, fisheries, aquaculture, coastal tourism are the included priority areas of blue economy. Major economies of the world like China, European Union, United States, and Great Britain have adopted blue economy to their national strategy and gained higher GDP growth. Particularly, Sri Lanka as an Island State and being located in a significant geostrategic location has gifted with the ability to perform as a business hub in the region. The main aim of this study is to identify the potentials of blue economy and to discover, does Sri Lanka has utilized the available blue economy potentials in a sustainable manner. The study will takes up Qualitative approach and descriptive analysis. Primary data was collected by conducting interviews, distributing questionnaires and observation. Journals, books and other sorts of printed media provided secondary data to the study. The study uncovers the poor consideration of ocean health and marine resources and defects of policies which are connected to blue sector. Therefore, Sri Lanka need to enhance the blue economy industries by taking special consideration to ocean health and also Sri Lanka should be more interactive in the region to promote blue economy and to become a business hub in the Indian Ocean region by adopting policies which benefits to national interest of Sri Lanka