Development Under Stress

✍ Scribed by Saman Kelegama

• Publisher: Sage Publications Pvt. Ltd
• Year: 2006
• Tongue: English
• Leaves: 307
• Category: Library

✦ Synopsis

This 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.

✦ Table of Contents

Contents......Page 6
List of Tables and Figures......Page 8
List of Abbreviations......Page 12
Preface......Page 18
Introduction......Page 21
Economic Development during the 50 Years of Independence......Page 38
Pre-Conditions for Achieving ‘NIC Status’......Page 74
Stabilisation and Adjustment......Page 92
Does Leadership Matter in the Economic Reform Process? Liberalisation and Governance during 1989–93......Page 109
The Economic Cost of the North-East Conflict......Page 130
Free Float of Currency, Budget 2001 and the IMF Package......Page 141
Managing the Economy at a Time of Terrorism and War and the Prospects after the 2002 Ceasefire Agreement......Page 159
Transforming the Conflict Using an Economic Dividend......Page 175
Industrialisation......Page 202
Ready-Made Garment Industry......Page 213
Market Reform and Diversification in Agriculture......Page 228
Food Security Issues......Page 238
Structural Adjustment and Employment Creation......Page 260
The Poverty Situation and Policy......Page 281
Index......Page 300
About the Author......Page 307