dbp substitution dbp substitution Sri Lanka

  • dbp substitution dbp substitution Sri Lanka
  • dbp substitution dbp substitution Sri Lanka
  • dbp substitution dbp substitution Sri Lanka
  • How did import substitution affect the Sri Lankan economy?
  • By the mid-1970s, the state-led import substitution strategy had made the Sri Lankan economy extremely vulnerable to external shocks. Consumer goods imports had gradually converted into essential imports needed to maintain domestic output.
  • Can Sri Lanka reap gains from a structural shift in global manufacturing?
  • Sri Lanka’s ability to reap gains from this structural shift in global manufacturing was virtually precluded by the dirigiste policy regime. Following the regime shift in 1977, there were some promising signs of regaining lost grounds.
  • How did the business acquisition bill affect Sri Lanka?
  • The Business Acquisition Bill passed in 1971 allowed the government the takeover of any business enterprise, without providing safeguard against arbitrary takeover. By the mid-1970s, the Sri Lankan economy had become one of the most inward-oriented and regulated economies in the world outside the Communist Bloc.
  • Should Sri Lanka be industrialized under liberalization reforms?
  • By the mid-1990s, Sri Lanka ranked amongst the few developing countries that had made a significant policy transition from inward orientation to global economic integration. However, over the past two decades, the merits of industrialization under liberalization reforms have become a hotly debated issue in the Sri Lankan policy circles.
  • Does Sri Lanka have an export-oriented industrialization strategy?
  • This is followed by a comparative analysis of Sri Lanka’s experience under import substation and export-oriented industrialization strategies, with emphasis on fundamental sources of discontent in the Sri Lankan policy circles with export-oriented industrialization strategy.
  • Is Sri Lanka regaining lost grounds?
  • Following the regime shift in 1977, there were some promising signs of regaining lost grounds. Sri Lanka’s share in total manufacturing exports from developing countries increased from a mere 0.02 in 1976 to over 0.28% by the early 2000s, but the figure has plummeted since then, reverting to the level in the late 1980s of about 0.13%.

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