Foreign trade and economic development: Sri Lanka's experience
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Date
1988
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Abstract
In the nearly 40 years since independence. Sri Lanka has gone through three major trade policy phases. In the first, following independence, the economy with relatively open. In the second. which commenced in 1960, a trade regime based against exports was initiated, This continued until 1977. when a strong liberalization effort was made. Thus, Sri Lanka provides an interesting story of an individual country's experience relating choice of a trade regime to resource allocation and growth. A number of important lessons can be drawn from this experience.
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Keywords
Foreign trade, Economic development, Sri Lanka