Macroeconomic Policies, Crises, and Growth in Sri Lanka, 1969-90~World Bankcomparative macroeconomic studies

摘要

The study offers an overview of the postindependence economic and politicaldevelopments in Sri Lanka and a new perspective on the interaction between macroeconomic policies, political and social stability, and long-term growth. It challenges widely held views on the relationship between welfare expenditures growth. The study focuses on the policy experience of two periods (1973-75 and 1978-82), periods when the economy was subjected to major domestic and external stresses. Between these two periods there was a dramatic shift in government policies.