📈 GCF Launches Monograph on Sri Lanka’s Human Capital Development

The Gamani Corea Foundation (GCF) is launching a new monograph today by veteran economist Dr. Nimal Sanderatne, titled “Development: not by economics alone.” The publication challenges traditional reliance on purely economic indicators to measure national progress. • Core Argument: Dr. Sanderatne posits that development cannot be understood through economic indicators alone. He emphasizes that the quality of human capital is shaped by deeper, non-formal processes—culture, value systems, and work ethics—rather than just formal education. • Socio-Economic Impact: The monograph explores how societal values influence critical economic behaviors, including: • Work ethics and attitudes toward leisure. • Capacity for teamwork and long-term goal setting. • Patterns of saving and consumption. • Expert Profile: Dr. Sanderatne, a former Central Bank official and former Chairman of the Bank of Ceylon and NDB, brings decades of experience as a social scientist and academic. The foreword is authored by Dr. Godfrey Gunatilleke, another eminent figure in Sri Lanka's development economics. • Event Details: The launch takes place today, Jan 9, 2026, at 4:00 p.m. at Horton Lodge. _Note: This summary is based on the official event announcement and monograph overview._