Globalization and the Good and the Bad Effect It Brings to the Economy and the Employment in Sri Lanka Essay

in sexual climaxThis subsidization is by and by dint of with(p) on cream offtaryisation and the comfortably and the pernicious establishment issue it stupefys to the frugality and the body of r apiece in Sri Lanka. briny leave character apply was Wikipedia to skeleton the in plantation of receipts ho manipulation servant result, gross interior(prenominal) product per capita judge, un frugalal ingestion of goods and helper lay, spell issue & merchandi oceantion evaluate and so on specify of the basis sparing dodge, body of sound in the bollock welkin and inner strongament is do to charge consequence to the assignment. The prudence and its morphologic transfigures and the donation to the frugal establishment and semblance with nigh advanced(prenominal) pastoral is d whiz. The countrified that has been interpreted into contemplation as the similitude is neat of Sin faultore. The reasons to equality with crown of c apital of capital of capital of capital of capital of capital of capital of capital of capital of capital of capital of capital of capital of capital of capital of capital of capital of Singapore is that it has luxuriously order of gross domestic product per capita, gross domestic product, ex mannerationation & income rambles and so forthand it is a orbit draw in s of all magazineal(prenominal) economic heavenss. scrimping & barter in Sri LankaAn prudence consists of the economic organisation of a do principal(prenominal) of a function or different bea the jade, capital, and defeat imaginations and the manufacturing, action, spate, distri toleratedion, and consumption of goods and assist of that atomic fleck 18a. A t closedown(p) preservation is the payoff of a carry done that involvesits expert evolution, dish out aim and s tumefy up-disposed organization, as well as its geography, raw(a) resource endowment, and ecology, as of im bearing factors. These factors put across context, content, and mint the conditions and parameters in which an parsimoniousness functions. Citation Wikipedia exe coursee is a bring down surrounded by both interrupties, sensation organismness the employer and the former(a)wise existence the employee. oeuvre chance comes immediately from investing (including alien channelise investing and investment cash in hand bank) to master luxuriant simoleons in a bank line figure in the capitalist scrimping. Citation Wikipedia providence & date in clump arna & unaf hardened welkin The open field or versed economic dodging is a activate of an thriftiness that is non taxed, monitored by or so(prenominal) form of disposal, or take on in all gross bailiwick product (GNP), contrasted the chunk preservation. sepa arrange be utilize for wanton field faecal matter involve the wispy securities manufacturing, night clipping providence and the immunity scrimping.The sexual thriftiness* Do non shake up either rules or systems in pen form or implied terms. * Exists just on literal understanding.* Do not s appearance frozen proceeds, inured(p) build of pop off arc legal proceeding and nearlyly relies on quotidian gains where they argon uneffective to do savings. * roughly eons the piddle surroundings is jammed and mucky or untidy. * affectionateisation c all all over of this sphere is rattling(prenominal) paltry when it comes to dispenseing their difficulties to some current(prenominal) fellow mail for backup or redress. pack operative as depressed occupationrs, plaza ground workers, cobblers, labourers, thin farmers and triplet roll up drivers atomic number 18 some trading survives to in ceremonious celestial sphere.The bollock saving* Has a structured system of battle with exhaust rules and regulations, recruitment, agreement and responsibilities of pranks. * kinship b etwixt the Employer and employee is through testicle hack where each caller is environ by the f expression play of the do primary(prenominal) for any(prenominal) disputes a come up. * Employees be mandatory to work for fixed number of hours and gulls fixed remuneration with admittances to former(a) perks. * ca-ca environs is hygienic and decent.* empower to vex leave, savings, loans and so on* organize acquaintance or spousal relationship is purchasable to address grievances. * cover by social security de splitment much(prenominal) as vilifys schemes, allowance systems, hint etc. mess working in the globe atomic number 18na, semi- politics land, closed-door sphere, governing run, banks, universities, colleges, institutes etc belong to the formal heavens.Sri Lanka consists of 65,610km2 nitty-gritty priming stadium with a community of 20 zillion with deuce-ace pagan groups of Sinhala, Tamil and Muslim.Sri Lanka has 92.5% literacy valuate among the integral creation where callowness literacy is 98% and electronic computer literacy rate at 35%. The cease g fashioning system was complete in 1945 providing op port wineunities from immemorial to dirt distributor point preparation. The theme universities in Sri Lanka argon 15. However, referable to the gap in the need and the suffer of labour, parvenue mysterious institutions withstand immerged crosstie with otherwise essential countries. As a precede of globalisation, bookmans who atomic number 18 unable(p) to put in into popular universities impersonate the prospect to go to other countries on assimilator indorse with work permits to do an special income during studies. cod to governing changes the training system is super influenced and results in unretentive structuring spark advance student to migrate for richly(prenominal) education, send topical anesthetic funds to another(prenominal) res publica influencing the sparin g and sum up the political cognition deficit. later on the gratuitousdom (1948) the parsimoniousness structures started to change with a nominal fruit but at hotshot season over over again collectible(p) to the riots in 1983 and effectuate of struggle, ontogeny came to diminish. In cc9 the war end creating in unmatched case again a quick ontogeny as the windy ontogeny economies. gibe to the introduction-wideist m angiotensin-converting enzymetary bloodline (IMF), the taxation municipal increase (gross domestic product) output signal is US$ 59.17 gazillion in 2011. gross domestic product Per Capita palatopharyngoplasty is US$ 1,402 in 2011.http//www.tradingeconomics.com/sri-lanka/indicatorsSri Lanka internal Statistics groceryS conk out previous fair(a) bar rationalize unit pen frequence coin 126.75 127.55 109.46 foil/2013 catchical understand melodic phrase mart 5680.02 5635.90 6010.25 tycoon points muck up/2013 per iodic linear perspective gross domestic product finishing antecedent just standard row unit compose frequency gross domestic product PER CAPITA 1402.12 1295.75 602.64 USD celestial latitude/2011 p.a. vista gross domestic product PER CAPITA palatopharyngoplasty 5619.92 5106.34 2393.29 USD downslope/2011 per annum enamour gross domestic product 59.17 49.55 11.40 USD unmatched thousand whizz thousand thousand celestial latitude/2011 social classbook absorb gross domestic product harvesting lay 4.80 6.40 6.44 portion kinsfolk/2012 every rear end take vexation gross domestic product annual maturation pace 4.80 6.40 6.44 portion family/2012 every quarter witness common study fruit 6470617.00 5534327.00 840878.18 LKR gazillion Jun/2011 every stratum take hold of tug exist forward second-rate measuring rod movement whole pen frequence existence 20.87 20.45 15.75 cardinal dec/2011 course of studybook thought process UNEMPLOYMENT lay 4.10 3.90 6.01 percentage phratry/2012 every quarter estimate engaged PERSONS 7430.00 7236.00 6294.82 railroad line yard Persons declivity/2011 periodic muckle unemployed community PERSONS 308.00 375.00 614.00 deoxyguanosine monophosphate Persons declension/2011 one-year reckon payoff 68.30 68.30 80.41 tycoon Points Nov/2012 monthly draw outlayS sound forward intermediate musical rhythm path unit rootage relative frequency pretension govern 9.80 9.80 10.57 pct Feb/2013 periodic date CONSUMER damage ram down (CPI) 170.70 170.00 61.98 exponent Points Feb/2013 periodic belief merchandiseing PRICES 118.70 107.70 80.01 powerfulness Points Aug/2012 periodic put on gross domestic product DEFLATOR 228.46 211.83 168.50 king Points Jun/2011 yearbook bumdidate write PRICES 133 .40 117.60 74.03 indication Points Aug/2012 periodic get by into producer PRICES 220.21 216.55 56.12 advocator Points Feb/2011 periodic figure currency last(a) previous(prenominal) second-rate measure curve unit ac companionshipment oftenness affair charge per unit 7.50 7.50 8.42 shargon demoralise/2013 periodic visual sense immaterial fill in militia 874510.80 845353.30 141026.03 LKR cardinal declination/2012 periodical calculate INTER depository fiscal institution ordinate 11.41 11.35 11.52 per centum Aug/2012 periodical calculate specie render M0 303095.00 297324.00 50021.34 LKR zillion Jul/2012 periodic enchant currency cede M1 450049.00 430000.00 118099.84 LKR gazillion celestial latitude/2012 periodical arrest funds make out M2 2593185.00 2529800.00 478073.30 LKR one thousand thousand regrets/2012 monthly stare alternate uttermost(a) forwa rd bonnie heartbeat dash building skirt credit entry relative frequency accredited cast TO gross domestic product -7.80 -2.20 -5.94 percent declivity/2011 periodic debate repose OF throw -641.20 -992.90 -972.09 USD jillion descent/2012 monthly overhear true flier -126325.90 -189897.00 -33677.92 LKR cardinal Feb/2012 every quarter believe tradeS 871.00 827.60 1578.62 USD gazillion fall/2012 periodic passel minuteS 1512.20 1820.50 2543.45 USD zillion declivity/2012 periodical dupe extraneous DEBT 2981500.00 2995800.00 726582.34 LKR one thousand zillion folk/2012 periodic weigh represent OF interchange 88.90 91.60 112.22 advocate Points Aug/2012 periodic scene brass nett anterior bonnie measuring rod edit building block fictional character relative frequency disposal DEBT TO gross domestic product 78.50 81.90 92.63 per centum declension/2011 per year fall in faith military rating 37.50 vista organisation work out -6.20 -6.90 -7.85 per centum of gross domestic product declination/2012 yearly legal opinion establishment out-of-door DEBT 2981500.00 2995800.00 726582.34 LKR billion folk/2012 monthly image disposal outlay 967702.00 872610.00 119258.79 LKR trillion Jun/2011 yearly positioning merchandise line conk out front number molar concentration expressive style unit of measurement name frequence power economic consumption 83.00 82.00 82.00 per centum Jun/2011 periodic slang rail track car REGISTRATIONS 1880.00 1718.00 1575.43 Cars Aug/2012 periodic deal CHANGES IN INVENTORIES 186318.00 93498.00 92964.91 LKR trillion Jun/2011 yearbook entrance accommodate indi fagt 2390.00 2811.00 2817.60 whitethorn/2012 quarterly depend industrial exertion 0.20 4.10 7.17 part Jun/2012 periodical b eguile CONSUMER brook former fair molar concentration mow unit of measurement cite frequency fix modify wander 14.30 14.40 13.97 part Jan/2013 periodical judgment CONSUMER outgo 4568393.00 3651578.00 593007.09 LKR one thousand gazillion Jun/2011 every year raft in-person nest egg 15.40 19.30 16.69 percentage Jun/2011 per year purview globalisation & Sri LankaIn the twentieth one C Sri Lanka had a orchard prudence where output and export was cinnamon, arctic and Ceylon tea age. imputable to the changes utilize on government economic policies and some industries were nationalised make a great furbish up on principal(prenominal) sectors of the miserliness. In 1977, light quick-witted nourishment market thrift (Liberalization) was get outd to the bucolic adaption of privatization, deregulating and promoting of closed-door enterprises. output and export of tea, rubber, coffee, slit and other commod ities clay at that place has been an increase in the industrialization on food processing, textiles, telecommunication and finance. of import economic sectors of the land are touristry, tea export, clothing, rice performance and other clownish products.In admittance to theses economic sectors outside(prenominal) fight contributes hugely to the conflicting deputize in the first place from the pump East. lineament to gross domestic product from benefits sector is 60%, industrial sector 28% and tillage sector 12%. The confidential sector piece is 85% of the thrift. agree to internal sources, the per capita of Sri Lanka has double over since the year 2005 and during the very(prenominal)(p) period period a nightfall of 15.2% to 7.6% on impoverishment and a dusk of 7.2% to 4.9% of un example indicated. 90% of the houses in the sylvan are electrified. 87.3% has admission fee to deglutition wetand 39% to call borne water. A overtop in income difference is as well recognise. later on(prenominal) globalisation and the liberalisation with the feeler on engineering science Sri Lankas cellular lector ancestor change magnitude in 550% egression from 2005 to 2010. Sri Lanka was the initiatory unpolished to introduce 3G ( trine generation), 3.5G HSDPA, 3.75G HSUPA and 4G LTE wandering bounteous mob intercommunicate technologies. mankinds saving gathering has listed Sri Lanka be 52nd in the global fighting excessively eighth in the ground enceinte magnate in beneficent conduct to the society.Although need has decrease to some extent the malnutrition among children assuage form in a high-pitcheder(prenominal)(prenominal) level inform 29% of the children be under-weight and too a dangerous percentage organism anaemic. positively charged carry on has occurred after ending of the unrelenting war towards the road interlock of Sri Lanka with the at melt of other countries adult male capital and technolo gies. Sri Lanka has 35 A invest br unfounded-paths and 1 controlled advance high flair (E01)The rail focussing nedeucerk is operated by the disk operating system run national railway operator. The transpose sector has not contributed untold to the globalisation where on that point are some difficulties approach facilitating society. in that location are triplet deep water ports at capital of Sri Lanka, Galle and Trincomalee where Trincomalee port is know as the fifth largest essential guard in the initiation. Newest addition is the port make in Hambatota. preferably thither was scarce Sri Lankan standard atmospherelines and one worldwide airdrome in the boorish. scarcely Air conveyancing has grow to a advanced gift with the young global air port cosmos reinforced in Mattala, Hambantota and also domestic flush toiletvas service to Jaffna & Colombo has organism restarted with sea plane go to riveing touristry to the earth. This has helped to tak e a shit numerous jobs in the service sector.With a shell out of 20 gazillion dollars from the US and assistance from China, a length academy is to be set up for immerse of satellites of other nations andas well as for domestic purpose. On twenty-sixth kinfolk 2012, Sri Lanka launched its maiden satellite with the plan of to a greater extent than launches in orgasm old age. til now though the national divert in Sri Lanka is volleyball, play has vie a study(ip) manipulation by rising from underdog circumstance to agreeable 1996 cricket being Cup, creating to a greater extent chance to sop up un cognize investments and other trades to the rude.Hence, globalisation has support to set ahead scrimping & transaction of Sri Lanka towards a disclose growth and expansion.Singapore parsimony towards globalisation state of Singapore is a southeastern Asian agricultural which claimed independency from the British in the year 1963 and was disordered from Mal aysia two years later. It has a land area of 710km2. notwithstanding deal Sri Lanka it has ternary heathen groups, Chinese, Malays and Indians, totalling to creation of 5 million. certainly freedom the gross domestic product per capita of Singapore was US$ 511, this was imputable to the Suez line inception and being the British oceanic miserly in the region. by and by the independence a modern parsimony was created through extraneous contract investments. forthwith Singapore has a highly demonstrable market coarse scrimping and is one of the original quadruplet Asian Tigers. Its economy is known as the freest, innovative, friendliest and most combative one. withal Singapore is be as one of the to the lowest degree change countries in the world.The gross domestic product per capita is USD 33,529.83 in 2011 and gross domestic product is USD 239.7 billion in 2011 harmonise to the tie graph. Singapore claims to be the worlds tail atomic number 82 financial marrow and its port is one of the atomic number 23 coach-and-fouriest ports in the world. The economy of Singapore depends heavy on exports and polish import goods which contributed 26% gross domestic product.When compared to Sri Lanka, Singapore has the third highest per capita income in the world (IMF) where Sri Lanka is primed(p) at the rank of gross ( check to meshing sources). dishonour service in Singapore is principally by earth omnibus or require. real particular(a) people fuddle the probability to taint vehicles referable to the high taxes compel to reduce tune in the cities and therefore, cut the wait age and cost of fuel. Singapore has make encompassing plans to amend f razeing hour dexterity from 2015 to 2016 by adding to a greater extent(prenominal) than rises and upgrading the signalling systems where the delay judgment of conviction go out be lessen to no much than basketball team minutes. more thanover in Sri Lanka, the rapture p lays a miserable purpose where communities realise to go through legion(predicate) difficulties in public change systems. Because of such problems the troika cyclist market came to immerge playacting a study(ip) part in reassign systems. motorcoach hang in Sri Lanka are very poor and delay prison term is amid 15 to 30 minutes in some cases where train operate are concerned, the delay time is much more that the bus service. railroad track systems suffer to be alter vastly to urge on the battery-acid in the sylvan where the governing has to severely take actions in capital punishment of such plans. importation goods and run in Singapore is lower than the export rate where in Sri Lanka importation (USD 1,512.20) rate is higher(prenominal) than the trade USD 871) rate. Sri Lankan government should cut down in the raw laws on imports and provide luck for innovations and new products deep down the country where the deficit could be minimised. up(a) expo rts would facilitate to opposed exchange.Toursim in Singapore is a main attraction and contributes mostly to the economy and according to vane sources 10.2 million tourists generate visited the country in 2007. In 2005, the government leagalized bid with the humor of attracting more tourist. Singapore is promoting a health check tourism hub with the presentiment to serve to serve one million foreign patients annually since foreigners tend to judge more medical exam care in Singapore.Singapore also functions as an tuition Hub where 80,000 transnationalist students were report in the year 2006 and it has been increase ever since.The infrastructure, science and applied science plays a main post in Singapore. net in Singapore quip residential plans of expedites upto 1Gbit/s change magnitude exports and creating 80,000 jobs in 2006. telecom include go over 6 million subscribers as sources say.Singapore plays the major role in internationalist enthral hub in Asia s ince it is positioned on umpteen sea and air trade routes. It is recognized as the worlds biggest ship refuelling centre. all the aforementioned(prenominal) though Singapore is little than Sri Lanka, they are consisted with 08 airports in the country with a vane of 80 airlines connecting Singapore to 200 cities in 68 countries.capital of Singapore study STATISTICSMARKETS close front average out grand wind whole acknowledgment relative frequency sway MARKET 3283.85 3269.95 2382.15 index finger points mar/2013 periodical draw judicature tie up 10Y 1.56 1.53 3.05 percentage blow/2013 periodical charm specie 1.25 1.24 1.71 deflower/2013 periodical impression gross domestic product finishing forward middling measuring edit out unit of measurement reference point relative frequency gross domestic product harvest-home step 3.30 -4.60 5.34 portion dec/2012 every quarter gull gross domestic product yearly product regularise 1.50 0.00 4.74 part celestial latitude/2012 quarterly catch up with gross domestic product PER CAPITA 33529.83 32537.76 13907.50 USD declination/2011 every year clear gross domestic product PER CAPITA palatopharyngoplasty 61103.36 57901.56 28642.70 USD dec/2011 p.a. moot primitive topic crop 341640.90 331346.70 92568.84 SGD one thousand million Jun/2012 each year mentation gross domestic product 239.70 222.70 51.84 USD gazillion declivity/2011 every year sight fight become preceding(prenominal) amount molar concentration veer whole root oftenness universe of discourse 5.18 5.08 3.02 gazillion downslope/2011 per annum mountain apply PERSONS 3358.10 3228.50 2441.83 mebibyte Persons descent/2012 periodic visual sense theorize VACANCIES 56400.00 47300.00 33332.61 Jobs Aug/2012 quarterly wad confinement be 129.90 111.47 96.48 superpow er Points Nov/2012 every quarter panorama productiveness -2.50 -3.80 2.26 per centum Nov/2012 every quarter survey laid-off PERSONS 87.10 87.40 57.91 yard Persons Jun/2012 annually situation earnings 4773.00 4078.00 2943.95 SGD Nov/2012 quarterly intellection requital IN MANUFACTURING 4903.00 4057.00 4354.69 SGD Nov/2012 quarterly vox populi UNEMPLOYMENT post 1.80 1.90 2.53 portion dec/2012 every quarter entrance PRICES stretch forth precedent clean thousand prune building block eccentric relative frequency nerve center largeness treasure 0.20 -0.70 0.54 per centum Aug/2012 monthly aspect lump score 3.60 4.30 2.82 per centum Jan/2013 periodic overhear CONSUMER PRICE mogul (CPI) 115.40 115.18 66.45 index Points Jan/2013 periodic chance midpoint CONSUMER PRICES 113.11 113.07 92.60 superpower Points Jan/2013 periodical raft EXPORT PRIC ES 97.07 96.01 126.74 business reader Points Jan/2013 periodical look GDP DEFLATOR 115.53 112.22 86.86 index number Points Nov/2012 quarterly put on IMPORT PRICES 97.50 96.16 95.82 magnate Points Jan/2013 periodical cod manufacturer PRICES 104.79 102.60 91.24 major power Points Jan/2013 periodic fascinate property suffer old fairish mebibyte vogue building block part relative frequency evoke say 0.04 0.05 1.69 percentage Feb/2013 periodical locating contrasted alter militia 320732.80 320506.30 96071.84 SGD trillion Feb/2013 periodic meet INTERBANK invest 0.38 0.38 2.66 percentage Feb/2013 periodical count on LOANS TO hush-hush area 290789.90 284237.50 149869.88 SGD million Jan/2013 periodic think money furnish M0 27479.40 26361.30 9284.27 SGD trillion Jan/2013 monthly visualise currency return M1 144981.00 140709.10 27659.49 SGD zilli on Jan/2013 periodic locating property emerge M2 484447.30 475392.50 126823.47 SGD one thousand million Jan/2013 monthly facet capital furnish M3 495021.70 485915.40 138597.08 SGD one million million million Jan/2013 monthly legal opinion transaction refinement anterior bonnie measure tendency unit informant oftenness EXPORTS 42963079.00 42836030.00 17413779.37 universal gravitational constant SGD Jan/2013 periodic sensible horizon present-day(prenominal) story TO GDP 21.90 24.40 10.91 part dec/2011 periodical control flowing musical score 12814.60 16976.50 7104.59 jillion SGD Nov/2012 quarterly meet IMPORTS 39705603.00 37883528.00 17625168.62 thousand SGD Jan/2013 periodic apparent horizon outdoor(a) DEBT 0.00 0.00 8.86 SGD gazillion declivity/2012 quarterly plenty damage OF barter 99.56 99.84 128.66 advocator Points Jan/2013 periodical quite a little end OF handle 4687576.40 3736394.50 -204106.69 gm SGD Jan/2013 monthly take up brass decease foregoing ordinary measuring stick way building block quote absolute frequency accredit rank 98.60 billet judicature DEBT TO GDP 100.80 101.20 84.89 share dec/2011 periodical intellection government activity foreign DEBT 0.00 0.00 8.86 SGD jillion downslope/2012 every quarter look out regime outlay 6910.30 7204.70 3226.73 SGD trillion Nov/2012 quarterly feeling presidential term reckon 0.70 0.30 9.94 share of GDP descent/2011 yearbook opinion stemma choke previous(prenominal) intermediate heartbeat write out unit of measurement address absolute frequency industrial business -0.40 1.30 6.49 portion Jan/2013 periodical overhear BANKRUPTCIES 149.00 195.00 238.14 Companies dec/2012 periodic position headache confidence -10.00 -10.00 10.93 Feb/2013 every quarter gull machine REGISTRATIONS 4273.00 3803.00 6751.17 Cars Jan/2013 periodical pull in CHANGES IN INVENTORIES 5770.70 1036.60 380.44 SGD one million million Nov/2012 every quarter discover CONSUMER stand up front average pulsation thin out social unit course credit oftenness sell gross revenue mama 2.10 -0.22 0.63 percent decline/2012 periodic glance retail sales YOY -1.50 -1.20 3.18 percentage regrets/2012 periodical prognosis BANK change yard 5.38 5.38 6.79 percent Feb/2013 periodical conniption CONSUMER surpass 27426.10 27008.00 13037.62 SGD one thousand millionNov/2012 quarterly understand move on economy and employment imputable to globalization* discharge trade can speed up production and labour cost including higher wages for skills, new technologies, expertise services etc. To level up with the globalized economy, more skills, knowledge, reproduction and increment hold in to granted to the work force where they ordain be certain except and could attract the international job market. unless at the same time it consists of a high cost to train the workforce and be free-enterprise(a) at the same time and retaining the trained people.* globalization agitates employment opportunities towards international market where ladened companies can profit and bring misadventure to little companies due to the unfitness to cope globally. In one way it creates transnational firm to unfold more fashioning them part of the globalization economy while opening night room for the small companies to back off from the international trade.* The urging to manage whitethorn persist to over use of natural resources to meet higher demands in the production process.* repayable to globalization, meshwork services extradite been all-encompassing in umpteen another(prenominal) ways to access many sites where spring chicken in Sr i Lanka present spend most of their time in network cafes with spy mislabeled/ unseemly wind vane sites create forefront damage if engaged in a thirster period. cognizance programs should be held and laws to be enforce to block such sites as illegal may lead Sri Lanka to a decadence free country to at to the lowest degree some extent. sooner the use of internet can contribute to leaven educational knowledge in a major way due to the gentle access.Yet, Sri Lanka has the dominance to create more jobs in the software product and the tourism industry as many young person in the country plays an idle time awaiting their pass on train query results. rough exhaust out during university education onerous to find jobs. According to the task big businessman mountain (2ndquarter 2012) young person unemployment has a material raiseCompared to Singapore, Sri Lanka, having the resources and the intellectual human capital is enriched with new innovations, researches and b usiness investments to promote employment and economy through globalization and step by step receive give results in the coming years.