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Item The Political Economy of Trade Integration in South Asia: The Role of India(Wiley-Blackwell, 2010) Weerakoon, DushniThe South Asian regional trade integration process to date has generated only limited enthusiasm. It suffers from significant shortcomings, primarily on account of a very cautious approach adopted to achieve the ultimate objective of ‘free trade’ within the region. In turn, this has led to a fragmentation of the integration process, with some of the partners of the South Asian Association for Regional Cooperation (SAARC) bloc opting for a speedier and more liberal bilateral process with India. India’s engagement remains the critical feature as the single most important trading partner for almost all the other South Asian countries. However, the dynamics of Indian economic integration initiatives too have been changing rapidly, whereby it is looking increasingly to strengthen its economic relations with the wider Asian region. In this context, the question of India’s willingness to give leadership to carry the rest of South Asia as the bridge that connects the region to East Asia needs to be examined. The current evidence suggests that India has attempted to do so via a host of bilateral and regional arrangements, but that the divergences in strategic interests amongst SAARC countries has left Pakistan on the margins of an evolving scheme of overlapping trade initiatives in South Asia. Thus, while something approximating ‘free trade’ in South Asia appears to be taking shape, it is unlikely to take the form of an inclusive South Asian regional integration process envisaged by SAARC. [ABSTRACT FROM AUTHOR]Item Capital account liberalization and financial crises in East Asia: lessons for Sri Lanka(Institute of Policy Studies, Sri Lanka, 1998-07) Weerakoon, Dushni; Salih, RozanaItem Sri Lanka Country Investment Study(Asian Development Bank, 2009) Weerakoon, Dushni; Thennakoon, JayanthiThis study reports on an initial exploration of issues related to the investment climate for FDI, and documenting the nature and role of FDI in the Sri Lankan economy. The study also examines the potential for intra-South Asian trade and investment flows, and presents an analysis of emerging trends in trade and investment linkages within South Asia with a focus on the textile and clothing (T&C) and automobile sectors.Item Japan's role in Asian development: lessons for Sri Lanka(Institute of Policy Studies, Sri Lanka, 1996-03) Weerakoon, Dushni; Ratwatte, LekhaItem Belt and road initiative, debt and diplomacy: challenges and opportunities for China-Sri Lanka economic relations(Institute of Policy Studies, Sri Lanka, 2019-06) Weerakoon, Dushni; Wijayasiri, JanakaItem Sri Lanka(SAGE Publications, 2011) Arunatilake, Nisha; Jayawardena, Priyanka; Weerakoon, DushniItem Shifting landscapes in development finance:the cautionary tale of a new debt trap(Palgrave macmillan, 2023) Weerakoon, DushniItem Sri Lanka's macroeconomic challenges: a tale of two deficits(Asian Development Bank, 2019-03) Weerakoon, Dushni; Kumar, Utsav; Dime, RoselleItem The Role of Sri Lanka in Enhancing Connectivity between South Asia and Southeast Asia(Tokyo: Asian Development Bank Institute, 2014-07) Weerakoon, Dushni; Perera, NipuniImproving physical connectivity between South and Southeast Asia has long been recognized as a key element in promoting greater trade and investment linkages within the region. As an island economy, Sri Lanka's regional connectivity has been mainly through its main sea port in Colombo, a transshipment hub port for South Asia. Investments to expand capacity at Colombo port are underway as part of Sri Lanka's renewed efforts to develop its infrastructure following the long internal separatist conflict that ended in 2009. Despite significant improvements in physical infrastructure connectivity, Sri Lanka has made only limited headway in strengthening its trade and investment links with the rest of the region. Moreover, the country has seen a sharp decline in its overall exports-to-gross domestic product (GDP) ratio, which is worrying in view of the growing external debt financing of many large infrastructure projects through state-led investment initiatives. Thus, Sri Lanka needs to focus on two priority areas: engaging private investment in infrastructure by strengthening the country's institutional and regulatory environment; and implementing a more strategic trade policy geared to enhance regional integration efforts.Item Sri Lanka's sovereign foreign debt: to restructure or not?(Institute of Policy Studies of Sri Lanka, 2022-01-11) Weerakoon, Dushni