Economic memorandum on Sri Lanka
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Date
1981-09
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Abstract
Sri Lanka's economy stagnated during the period 1970-1977, but has improved significantly since 1977 when a new Government took office. The previous Government had been committed to some costly social welfare programs and to an expansion of state control over economic activity. It had imposed price controls and rationing and restrictions on private ownership of land property.
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Keywords
Economic performance, Recent developments, Major economic sectors