Joseph Schumpeter Archives


Tsunami recovery and ICTs

Posted on January 5, 2005  /  11 Comments

Question asked by a journalist: is there any basis for expecting that Sri Lanka’s very successful ICT strategy will in fact help in the economic recovery from the tsunami? For example, could ICT-enabled industries provide opportunities to replace the jobs/industries that have been damaged, or could the telecom structure help speed rebuilding efforts? In other words, have Sri Lanka’s efforts in building a digital economy put it in a better position to recover from this disaster? Answer: The fisheries industry that got almost wiped out had very low productivity. ItÂ’ll come back, hopefully with better productivity.