Development economists and social scientists know that economic growth alone is not enough to reduce the increased inequality and insecurity accompanying the transformation of work. The International Labour commission recommended three practical steps – all of which involve investing more in people – that countries can take to improve social inclusion and economic growth simultaneously. Investing more in people is not only essential to strengthen countries’ social contracts with citizens at a time of rapid technological change. Developing the plantation sectorSri Lankan plantation sector has a tremendous potential in contributing to the national economic growth and enhancing the purchasing power of the people. Sustained economic growth is always accompanied by technological improvements that enable people (labour), land, and existing capital to become more productive.

Source: The Nation January 06, 2021 00:45 UTC