Professor Ricardo Hausmann of the Harvard Kennedy School of Government recently conducted a lecture at the Board of Investments (BOI) of Sri Lanka highlighting the importance of technology and know-how in fostering economic development.

Hausmann visited Sri Lanka to follow up on a programme to build capacity among senior officials of the BOI, the Export Development Board and the tourism authority.

He sought to examine ways in which countries such as Sri Lanka could achieve higher development by identifying bottlenecks and creating a timeline to achieve high economic growth.