Development Under Stress: Sri Lankan Economy in TransitionThis book examines various impediments faced in the development process and implementation of reforms in Sri Lanka, particularly after economic liberalization in 1977. The author maintains that it is a case of development under stress where the outcome has been far below the country's potential. The book describes key features of the Sri Lankan socio-political and economic system that prevented the country from achieving higher levels of economic growth. It explains why it could not match the economic achievements of South Korea and Malaysia-countries that had similar per capita income levels to that of Sri Lanka in the 1950s. The book is divided into five parts. The first part examines 50 years of economic development and the challenges ahead; the second discusses the economic liberalization debate; the third part looks at macroeconomic management during difficult times; the fourth looks at sectoral issues with reference to industry and agriculture; and the final part examines employment and poverty. |
Contents
List of Tables and Figures | 11 |
Preface | 17 |
Tables | 18 |
2 | 40 |
3 | 47 |
6 | 53 |
7 | 59 |
PreConditions for Achieving NIC Status | 73 |
Managing the Economy at a Time of Terrorism | 158 |
An Overview | 201 |
Preparing to Face | 212 |
Market Reform and Diversification in Agriculture | 227 |
Food Security Issues | 237 |
Structural Adjustment and Employment Creation | 259 |
The Poverty Situation and Policy | 280 |
| 299 | |
2 | 75 |
A Second Look at | 91 |
The Economic Cost of the NorthEast Conflict | 129 |
About the Author 307 | |
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Common terms and phrases
achieve agriculture sector areas argued Asian Development Bank Athukorala Bank of Sri budget deficit capita income capital cent of GDP Central Bank Chapter Colombo conflict cost crisis decline defence expenditure developing countries domestic donors early East Asian economic dividend economic growth economic liberalisation Eelam War II employment exchange rate factors Finance food security foreign exchange garment exports garment industry growth rate households implementation import increase industrialisation infrastructure initial Institute of Policy interest rates investment issues Jayasuriya Kelegama labour force labour market LTTE macroeconomic Mahaweli major Malaysia ment million National North-East package paddy peace process period Policy Studies political poor population poverty alleviation poverty line private sector privatisation problems production programme public sector Rajapatirana reduced reform regime revenue rice rural Samurdhi savings social South Asia Sri Lanka Sri Lankan economy stabilisation strategy Table tariff textile trade welfare World Bank