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Browsing Monographs by Subject "Economic liberalisation"
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Item Economic Reform and Governance: Second Wave of Liberalization in Sri Lanka 1989 - 93(Institute of Policy Studies, 1995) Dunham, David; Kelegama, SamanThis paper examines the second wave of economic liberalization in Sri Lanka from 1989-93 (President Premadasa years) from both a traditional economic and from a governance perspective, looking at political and technical determinants of economic policy. Authors argue that the two dimensions are interwined, that political will is an weight from “bad” to “good” governance, a government can improve economic performance may be misconceived. The paper is also first attempt to fill a gap in the literature on Sri Lankan economic policy.Item Liberalization and Industrialization: The Sri Lankan Experience of the 1980s(Institute of Policy Studies, 1992) Kelegama, SamanIn this paper, the intention is to take a broad look at the developments in the industrial sector during the 1978-89 period, and offer an explanation for the prevailing weaknesses of the manufacturing sector. The paper also explores how effective liberalization has been in enhancing the industrial growth process. Certainly, there are various other means as well that one can adopt to analyse industrial growth. The liberalization framework is used here because it appears to be the core around which the Sri Lankan policy debate revolves. There are those who say that Sri Lanka's liberalization was inadequate to achieve rapid and sustainable industrialization. On the other hand, there are others who claim that Sri Lanka has liberalized far too much and this has worked against industrial progress. The paper takes a broad look at this debate and highlights some issues that are of relevance to policy-making.Item Stabilization and Liberalization: A Closer Look at the Sri Lankan Experience 1977-93(Institute of Policy Studies, 1994) Dunham, David; Kelegama, SamanThree years before the World Bank introduced its first structural adjustment loan in 1980, Sri Lanka had embarked on a process of economic liberalization. The results of this have been documented at the end of the 1980s. The events illustrate the difficulties of managing the transition from a closed to an open economy. However, tensions between different needs of stabilization and adjustment have received very little attention in the literature. Why Sri Lankan liberalization faltered during this period has still not been adequately answered. This paper attempts to provide an answer to this crucial question.