Liberalization and Industrial Transformation - Lessons from the Sri Lankan Experience
This article aims to contribute to this debate using a case study of Sri Lanka. During the first decade after independence in 1948, Sri Lanka continued with a liberal trade regime until growing balance-of-payments problems induced a policy shift toward protectionist import-substitution policies starting in the early 1960s. By the mid-1970s, the Sri Lankan economy had become one of the most inward-oriented and regulated economies outside of the group of centrally planned economies. In 1977, Sri...[Show more]
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|Source:||Economic Development and Cultural Change|
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