Stabilization and Adjustment: A Second Look at the Sri Lankan Experience, 1977–93

dc.creator	Dunham, David
dc.creator	Kelegama, Saman
dc.date.accessioned	2018-02-21T12:30:29Z
dc.date.accessioned	2024-04-02T09:23:53Z
dc.date.available	2018-02-21T12:30:29Z
dc.date.available	2024-04-02T09:23:53Z
dc.date.created	2018-02-21T12:30:29Z
dc.date.issued	1997
dc.description.abstract	Mainstream thinking on economic policy assumes a logical progression from stabilization to liberalization and adjustment that is rarely attainable in practice. Most developing countries have been forced to undertake them simultaneously with a resulting tension between them, and with conflicting demands being made on economic policy. This paper reexamines Sri Lankan economic performance in the 1980s from this perspective. It argues that the pristine application of theory is not an appropriate yardstick and that “economic mismanagement” is at best an incomplete explanation of what was happening. It contends that incompatible demands were at the time being made on economic policy, and stresses the importance of external shocks and the political sustainability of the reform process.
dc.identifier	http://172.16.21.42/handle/123/38
dc.identifier	The Developing Economies, 35 (2) June 1997; pp.166–184
dc.identifier.uri	http://172.16.30.46:4000/handle/789/4600
dc.language	en
dc.publisher	John Wiley
dc.subject	Sri Lanka
dc.subject	Economic reforms
dc.subject	Stabilization
dc.title	Stabilization and Adjustment: A Second Look at the Sri Lankan Experience, 1977–93
dc.type	Article

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