Regional Development Capabilities: A Strategic Geographical Review of Eastern Sri Lanka

Ven. Dr. Pinnawala Sangasumana
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Ven. Dr. Pinnawala Sangasumana: University of Sri Jayewardenepura, Sri Lanka

International Journal of Research and Innovation in Social Science, 2023, vol. 7, issue 2, 578-584

Abstract: This review article proposes that sustainable regional development in Sri Lanka can be achieved through the strategic development of the Eastern Province. The aim is to promote economic growth in the region and enhance connectivity with Southeast Asia by developing a trade-oriented economy. By establishing new trade partnerships and reinforcing the small trade shipping system based on the Bay of Bengal, the region can benefit from greater connectivity with neighboring countries and expand its economic capabilities. To achieve this goal, the paper suggests the development of value-added industries in the Eastern Province, which could include manufacturing, processing, and other forms of industrial production. This would not only create new employment opportunities and stimulate economic growth in the region but also generate new trade opportunities and revenue streams. Overall, the paper proposes a strategic approach to regional development in Sri Lanka that emphasizes the importance of leveraging the country’s geographical position and economic potential. By developing a trade-oriented economy and enhancing connectivity with neighboring countries, the Eastern Province can become a hub for economic activity in the region, promoting sustainable economic growth and prosperity for the country as a whole.

Date: 2023
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