The Sri Lankan Economy

Charting A New Course

Business & Finance, Economics, Economic Conditions, Nonfiction, Social & Cultural Studies, Political Science, Government, Public Policy
Cover of the book The Sri Lankan Economy by , Asian Development Bank
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Author: ISBN: 9789292579746
Publisher: Asian Development Bank Publication: October 1, 2017
Imprint: Asian Development Bank Language: English
Author:
ISBN: 9789292579746
Publisher: Asian Development Bank
Publication: October 1, 2017
Imprint: Asian Development Bank
Language: English

This is a pivotal period in Sri Lanka's economic development. The end of conflict opens a door for accelerated economic growth and poverty reduction. Reform is needed to regain momentum because fiscal imbalances and rising public debt could jeopardize macroeconomic stability. The economy would benefit from significant trade and commercial policy reform. The labor market suffers from sluggish growth of formal sector employment and from skills mismatches, which can be addressed by changes in education policy and systems. The book analyzes these and related critical constraints on the Sri Lankan economy, and proposes a set of policy reforms that would lay the foundations for more rapid and inclusive development.

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This is a pivotal period in Sri Lanka's economic development. The end of conflict opens a door for accelerated economic growth and poverty reduction. Reform is needed to regain momentum because fiscal imbalances and rising public debt could jeopardize macroeconomic stability. The economy would benefit from significant trade and commercial policy reform. The labor market suffers from sluggish growth of formal sector employment and from skills mismatches, which can be addressed by changes in education policy and systems. The book analyzes these and related critical constraints on the Sri Lankan economy, and proposes a set of policy reforms that would lay the foundations for more rapid and inclusive development.

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