Browsing by Author "Wriggins, W. Howard"

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    Asian survey : A monthly review of contemporary Asian Affairs
    (1982) Wriggins, W. Howard
    Four main developments deserve review on the economic front like other countries that have tried the experiment Sri Lanka experienced the gains and the pains of opening up the economy with the help of the IMF. Heavy capital investment made real progress but contributed to large budgetary deficits inflation surged to nearly 40% during the year but was brought down to a reported 18-20 % , foreign investment contributed to reducing unemployment and diversifying Sri Lanka's production and exports while peasant agriculture did well in the face of poor rains. But traditional tree crop output slipped once again and adverse terms of trade added to the balance of payments deficit.