Development of Sri Lanka's Economy Since Independence in 1948 - Focusing on Trade Balance and Exchange Rate Movements
R P C R Rajapakse (2002) Development of Sri Lanka's economy since Independence in 1948 - Focusing on Trade Balance and exchange rate Movements" Social Systems studies , Ritsumeikan University, Vol 5, pp 51-72
23 Pages Posted: 4 Nov 2016
Date Written: 2002
At the time of independence in 1948, Sri Lanka's economy was highly dependent on international trade, but concentrated on exporting few agricultural product exports, hence experiencing balance of payment problems. For the past fifty years Sri Lanka was experiment ground for different economic policy packages. For the first three decades after independence the focus was on import substitution. Once the limitations of such policy for development was identified, and influenced by the Asian success stories, Sri Lanka.
Keywords: Monetary Policy, Money Demand. Interest Rates, Money Supply, Price Levels, Real Income
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