Chris Cantell Discusses Entrepreneurship: Sri Lanka- the controversy by Claudia Sonea

A small island in the Indian Ocean, south of Asia, Sri Lanka is a strategic naval link between West Asia and South East Asia and a centre of Buddhist religion and culture. The majority of the population (around 80%) is formed by Sinhalese and Tamils, concentrated in north and east of the island, forms the largest ethnic minority. The country's economy was influenced by the political environment. In the 19th and 20th century it had a plantation economy, famous for the cinnamon, rubber and Ceylon tea. Because of the British domination and the Second World War, the economy was held back and it was still based on the plantation. As a late development it started to improve economically by the development of food processing, textiles, telecommunications and finance in the late 1970s. Today Sri Lanka has the highest income per capita in south Asia. Still there are a lot of problems to be fixed. First of all they have to deal the same problem Romanians have to deal with: lack of jobs. There are many qualified workers that would rather go abroad to work and for a better paid job, although it is not the area in which they have trained. The other issue is the foreign investment, in Sri Lanka and in Romania there has been a bunch of foreign investors while the locals have a smaller number. Real solutions have to be found in these countries where the problem is not the level of education, but the lack of jobs and entrepreneurship. The state policy towards this issue should change in order for some changes to take place. Until further solution will be found let us keep hope and never give up. Enjoy surfing!

related story: http://www.lankaweb.com/news/items07/300707-7.html

by Claudia Sonea for SigEx Ventures (http://sigexventures.com)

SigEx Ventures's matrix of properties are quickly becoming leaders in digital telebroadcasting, free content delivery allowing people to easily talk, view, upload and share through free online TV broadcasting, free unlimited global calls, video blogs and SMS. SigEx Ventures invests in projects deploying "free" to add-on royalty revenue models

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.
Edited by: Katarina Zerzanova