The Sri Lankan economy: achievements, prospects, and policy issues
Date
2017
Authors
Athukorala, Premachandra
Ginting, Edimon
Hill, Hal
Kumar, Utsav
Journal Title
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Volume Title
Publisher
Asian Development Bank
Abstract
This book is prepared during a pivotal period in Sri Lanka’s history—one of
historic opportunity but also of daunting challenges. The country is now
at peace. The peace dividend can be very large. Defense expenditure can
be wound back, as it has been in recent years, and the funds so released invested
in badly needed education, health, infrastructure, and rural development
projects. Investors, domestic and foreign alike, can look to the future with greater
optimism. Intercommunal harmony and trust can be restored. Sri Lanka can
reenter the regional and international mainstream, politically and commercially.
Moreover, although global economic growth is sluggish, Sri Lanka is favorably
located in the most dynamic region of the world. India is now the world’s fastest
growing major economy. Growth in the People’s Republic of China is slowing, but
the annual increment to its gross domestic product (GDP) is as large as it was a
decade ago during the period of hypergrowth. Several medium-sized economies
of the Association of Southeast Asian Nations (ASEAN) continue to grow strongly
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Book chapter
Book Title
The Sri Lankan economy: charting a new course
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Open Access
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Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO)
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