How do we rebuild Sri Lanka’s economy?

    

 Image Credit : Thisal Walgampaya
Written by : Sandani Chamoda

Economics is not a familiar word in our school life. Because, in Sri Lankan education system

it hasn’t enough space to learn. Even though, if we search about the education systems of other

countries we can recognize they have good education systems. They have given a major place

to teach about the relationship between Economics and lifestyle. Because, Economics is the

queen of social science. It is very helpful to fulfill our day today activities. Specially, it is more

important to solve problems with correct way understanding.

As a field, Economics has a more than two hundred years great history. Since ancient times,

people fulfill their tasks with getting correct decisions. They didn’t know about the meaning of

Economics. Although, they used economic way of thinking. If they had a problem, they

analyzed it and took correct solutions from following special ways.

Not only that, learning Economics is helped to create intelligent persons in the society.

Because, Economics is not a philosophy. It is a logical subject. If we have enough knowledge

about this subject, we can easily understand not only about economic incidents but also about

consumers, producers, productions etc. As consumers, always we try to select goods which

maximize our satisfaction. If have various choices, we must select the best thing. Economic

thinking is more helpful to get the best selection.

In addition, as Sri Lankans now we are spending very bad situation. I think the main reason for

that situation is people haven’t enough knowledge about Economics. Now, cost of living is

high, poverty is increased rapidly, scarcity of gas, fuel, essential foods is high etc. Not only

that, now a days we can hear about depreciation of exchange rates recently. Those all things,

are created from the lack of knowledge about Economics patterns. As example, we can get the

transport ways of a family. Lots of families use vehicles to each person. Mother uses a car,

father uses a car, son uses a motor cycle. But, all of them hope to go closed places. This is a

waste of not only fuel but also the savings of the family. If they use a same vehicle or public

transport method they can get lots of benefits more than first choices. This is a huge problem

in our country. If you search about the transportation methods of another countries, most of

them use public transportation methods such; bus, train etc. The Sri Lankan pay huge capacity

of their salary to fuel facilities. This is shown lack of knowledge about management. If mother

and father have a good knowledge about management practices the family can pay that money

to useful things. Lots of people use their money to get not much useful things.

Not only that, some people pay money for buying luxury goods instead of essential goods.

Buying lots of soaps at one time is a good example for it. They can pay those money to buy

eating foods or sharing goods with others. The bad thing is always people try to achieve only

their needs. They don’t like to think about others. Our country is a collection of people who

have that way of thinking pattern. The persons who ruled our country hadn’t enough knowledge

about Economics. Before open economic system Sri Lanka was a prosperous country. We

exported goods more than imported things. Now, we import things more than local products.

Our creations haven’t good demand in the local market. The rulers always try to get

commissions from all things and increase their economic system. The bad economic decisions

are the main reason for the current situation to our country.

So, as the people what are the things, we can follow from following economic thinking ways?

Always, we must try to recognize the essential wants and needs and give major place to only

main things. Not only that, if we have a problem, we can analyze it in a proper way and solve

correctly. And also, as intelligent voters we must select good persons as rulers. If we allow to

feelings to achieve private objectives all of people have to face bad situations in future. Good

economic position is the main thing to create a good country with comparing other countries.

If we have a good economic situation, other countries try to invest in our country. Lots of

foreigners like to travel countries which have good economic and peaceful situations. As

citizens, I think all of people must have enough knowledge about Economics. I think teachers

can teach about the main principles to the students simply. It will be most useful to succeed

their future lives. As university student, I’m very happy to learn Economics. Because, the

things which I learn now will help to fulfill my targets of the life.