Liberalization and Industrialization: The Sri Lankan Experience of the 1980s
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Date
1992
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Publisher
Institute of Policy Studies
Abstract
In 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.
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Keywords
Sri Lanka, Economic liberalisation