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With Sri Lanka's economy stifled1 by 25 years of war, many here are weighing the benefits of a peace dividend2, as the conflict nears an end - just in time for the global economic slump3.
Rebels examine their weapons in this handout4 picture released by The Liberation Tigers for Tamil Eeelam (LTTE) website Tamilnet (file photo)
Even here, at one of Colombo's five-star hotels on the white-sand beach of the Indian Ocean, it is hard to tell that the country is embroiled5 in a war - one of Asia's longest-running. Still, there are signs. For one, there is a noticeable lack of guests.
This hotel, like others in the capital, is seeing a steep drop-off in new tourist arrivals. That is not good news for Sri Lanka's $240-million-a-year tourism industry, among the economic sectors7 hardest hit by the recent fighting between government troops and ethnic8 Tamil rebels who have been fighting for a separate Tamil homeland.
But tourism is not the only sector6 to take a beating. The garment industry is laying off workers, as orders from abroad are postponed9 or canceled. Prices are falling for three of Sri Lanka's most lucrative10 exports: rubber, precious stones and tea. Remittances11 from Sri Lankans living abroad, widely seen as a financial safety net for many Sri Lankan families, are dwindling12.
Kishu Gomes is a business leader in Colombo, and former chairman of the American Chamber13 of Commerce in Sri Lanka
Not a good economic prognosis, says Kishu Gomes, one of Colombo's business leaders and former chairman for the American Chamber of Commerce in Sri Lanka.
"People, in general, have been suffering as a result of the ongoing14 conflict, where the government has had to spend a lot of money battling the situation. And, in that, it was obviously a big burden on the country's economy," said Gomes.
One of the biggest burdens on Sri Lanka's economy is its massive military spending, seen as necessary expense for defending itself against the Tamil Tiger rebels, classified by the United States and other countries as a terrorists. Military spending accounts for about five percent of Sri Lanka's $30-billion-a-year economy - nearly twice the percentage of its regional neighbors India and Pakistan.
Paikiasothy Saravanamuttu is the director for the nonpartisan Center for Policy Alternatives. He says that, with the war's end in sight, many Sri Lankans expect a situation similar to the 2002 cease-fire or the 2004 tsunami15, which brought peace - albeit16 briefly17 - and a huge increase in humanitarian18 and reconstruction19 aid.
"But what does not figure into that, of course, is that there is not a heck of a lot of money around in the rest of the world anymore. And, so, that is going to be a serious problem," said Saravanamuttu.
Basil Rajapaksa, brother and top advisor20 to Sri Lankan President Mahinda Rajapaksa, displays some of food aid handed out in camps for those displaced by war
Sri Lankan presidential advisor Basil Rajapaksa says he has already seen a peace dividend. He says some of the land reclaimed21 from the rebels has already been converted to farms, a trend that he expects will continue long after the war.
"We have cultivated a 132,000 acres of [rice] paddy land that had been abandoned more than five to 20 years. And, now they have started harvesting and it will increase the paddy production of the country and the growth rate itself will be increased by two to three percent. So, all this benefit will go to the people," said Rajapaksa.
He says with the war ended, some of the money spent on defense22 could go toward building new roads and other infrastructure23 projects that support businesses and farmers.
Gomes says he, too, is hopeful that the country will recover. He says just about anything would be better than the status quo.
"I hope that, over the next 12 months' time - with being able to achieve total peace and the country becoming a more productive place - we will be able to probably find the right opportunities elsewhere in the world to keep the revenue ticking. And, then [we] hope the global economic crisis will end, and with that, we look at the five- to 10-year horizon and it can only be better than what it is today," said Gomes.
Still, analysts24 and diplomats25 here say the nation's leaders must address the root cause of the war - discrimination against the island's minority Tamil population at the hands of its Sinhala majority - if they hope to achieve a prosperous future for this nation of 21 million people.
1 stifled | |
(使)窒息, (使)窒闷( stifle的过去式和过去分词 ); 镇压,遏制; 堵 | |
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2 dividend | |
n.红利,股息;回报,效益 | |
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3 slump | |
n.暴跌,意气消沉,(土地)下沉;vi.猛然掉落,坍塌,大幅度下跌 | |
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4 handout | |
n.散发的文字材料;救济品 | |
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5 embroiled | |
adj.卷入的;纠缠不清的 | |
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6 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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7 sectors | |
n.部门( sector的名词复数 );领域;防御地区;扇形 | |
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8 ethnic | |
adj.人种的,种族的,异教徒的 | |
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9 postponed | |
vt.& vi.延期,缓办,(使)延迟vt.把…放在次要地位;[语]把…放在后面(或句尾)vi.(疟疾等)延缓发作(或复发) | |
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10 lucrative | |
adj.赚钱的,可获利的 | |
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11 remittances | |
n.汇寄( remittance的名词复数 );汇款,汇款额 | |
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12 dwindling | |
adj.逐渐减少的v.逐渐变少或变小( dwindle的现在分词 ) | |
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13 chamber | |
n.房间,寝室;会议厅;议院;会所 | |
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14 ongoing | |
adj.进行中的,前进的 | |
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15 tsunami | |
n.海啸 | |
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16 albeit | |
conj.即使;纵使;虽然 | |
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17 briefly | |
adv.简单地,简短地 | |
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18 humanitarian | |
n.人道主义者,博爱者,基督凡人论者 | |
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19 reconstruction | |
n.重建,再现,复原 | |
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20 advisor | |
n.顾问,指导老师,劝告者 | |
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21 reclaimed | |
adj.再生的;翻造的;收复的;回收的v.开拓( reclaim的过去式和过去分词 );要求收回;从废料中回收(有用的材料);挽救 | |
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22 defense | |
n.防御,保卫;[pl.]防务工事;辩护,答辩 | |
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23 infrastructure | |
n.下部构造,下部组织,基础结构,基础设施 | |
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24 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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25 diplomats | |
n.外交官( diplomat的名词复数 );有手腕的人,善于交际的人 | |
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