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The G20 (Group of Twenty) -initially an informal gathering of 20 of the world’s largest economies- was formed in 1999, in the wake of the Asian financial crisis. An attempt to co-ordinate global policy on trade, health, climate, and other issues.
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Presenting his first budget on Monday, Sri Lanka’s President Ranil Wickremesinghe said a new economic order would be introduced to suit world trends and highlighted that Sri Lanka would embark on this new path through the 2023 budget.
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There are two questions. First, does research really matter or rather does research drive decisions when it comes to policy planning? Second, what is the role or research institutes or, put another way, do policy-makers understand the worth of such bodies?