Nalyze Investment Opportunities in Sri Lanka

Topics: Sri Lanka, Tamil people, South Asia Pages: 22 (4755 words) Published: June 22, 2013
Running head: International Business Experience (BA 670)

BA670 (SN9) Arcadia University International Master of Business Administration

Individual Assignment Sandip Kumar Kundu (Student Id: P000099745)

Word Count: 4300

 

International Business Experience (BA 670)
 

Introduction: The end of Sri Lanka’s long-running civil war in May 2009 and prevalence of peace for more than four years has given a new rays of hope to usher an era of sustained positive growth and economic development. Sri Lanka can still be a difficult place to business due to poor infrastructure, corruption and erratic policy environment, but the geographical natural location, the rich culture and cheap skilled labour forces can still outpaces the pulling forces and can prove a great destination for investment. Nonetheless compared to other South Asian emerging market it’s relatively open to foreign investment and offers relatively open financial system, well educated skilled workforce. Some US and other advance countries have realised worthwhile returns on investment in Sri Lanka

Objective The purpose of this report is to study and analyze the effectiveness of Sri Lanka as an emerging economy and relevance of various elements like social-cultural environment, political condition, economic condition, legislation on the development of the country’s economy and prospect for future business growth. The report also provides insights of various industries that have potential to flourish in the country and recommendations for long term sustainable growth of the country in those segments.

Background: Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka, is an island country located in the Indian Ocean off the South-eastern coast of India. As a result of its location in the path of major sea routes, its strategic naval link between West Asia and South East Asia and was colonized by Portuguese, Dutch, English. It got its independence from the British in the year 1948. Sri Lanka is a multi-cultural diverse country home to many religions, ethnicities and languages. The Sinhalese are the main inhabitants, although there are many ethnic minorities like Sri Lankan Tamils, Moors, Indians Tamils, Burghers, Malays, Kaffirs. The country’s recent history has been marred by a thirty year civil war ended in a victory of military in 2009. The country has had a long history of international engagement, being a founding member of SAARC and a member of United Nations, the Commonwealth of Nations, the G 77 . This is the only country in South East Asia having high Human Development Index. Appenix A figure 1 provides the detailed country profile of Sri Lanka.

BA 540: Individual Assignment

Sandip Kumar Kundu

Page 2

 

International Business Experience (BA 670)
 

In order to analyze the effectiveness of Sri Lanka as an emerging economy we need to analyze the various factors – like political condition, socio economical culture, economic condition, technology, legal and environment which have that great influence on the success of any business in a country. Conducting global business means dealing with consumers, strategic partners, distributors, competitors, suppliers, government official, financers of different cultural back ground. Political: Sri Lanka is a democratic, socialist republic and a unitary state which is governed by semi presidential system with a mixture of presidential and parliamentary system. The current constitution was adopted in 1978. The political system consists of the President and a Cabinet of Ministers headed by the President. The President, who is elected directly by the people for a six-year term is Head of the State and Head of Government. The Prime Minister is appointed by the President from among the Members of Parliament. The legislature is called Parliament and consists of 225 representatives and the Ministers are appointed by the President from the member of Parliament. The Members of Parliament...
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