The Sri Lankan economy : charting a new course / edited by Prema-chandra Athukorala [and three others].

Format:

Book

Author/Creator:

Athukorala, Prema-Chandra

Contributor:

Athukorala, Prema-chandra, editor.

Language:

English

Subjects (All):

Sri Lanka--Economic policy.

Sri Lanka.

Physical Description:

1 online resource (357 pages)

Edition:

1st ed.

Place of Publication:

Metro Manila, Philippines : Asian Development Bank, [2017]

System Details:

Mode of access: World Wide Web.

Summary:

This is a pivotal period in Sri Lanka's economic development. The end of conflict opens a door for accelerated economic growth and poverty reduction. Reform is needed to regain momentum because fiscal imbalances and rising public debt could jeopardize macroeconomic stability. The economy would benefit from significant trade and commercial policy reform. The labor market suffers from sluggish growth of formal sector employment and from skills mismatches, which can be addressed by changes in education policy and systems. The book analyzes these and related critical constraints on the Sri Lankan economy, and proposes a set of policy reforms that would lay the foundations for more rapid and inclusive development.

Contents:

Cover

Title

Copyright

Contents

Boxes, Figures, and Tables

Foreword

Preface

Abbreviations

Author Profiles

The Sri Lankan Economy: Achievements, Prospects, and Policy Issues

1.1. Introduction

1.2. Sri Lankan Economic Development: Some Stylized Facts

1.3. Sri Lanka: A Brief Policy History

1.3.1. Trade Policy Regime

1.3.2. Export Promotion and the Role of the Export Development Board

1.3.3 Foreign Investment Policy

1.3.4. Labor Market

1.3.5. Macroeconomic Policy

1.4. The Sri Lankan Development Record

1.4.1. Economic Growth

1.4.2. Structural Change

1.4.3. Savings and Investment

1.4.4. Inflation and Unemployment

1.4.5. Export Structure

1.4.6. Poverty and Inequality

1.4.7. Comparative Dimensions

1.5. Major Themes and Issues

1.6. Policy Inferences

Economic Performance and Macroeconomic Management

2.1. Introduction

2.2. Fiscal Policy

2.3. Monetary and Exchange Rate Policy

2.4. Concluding Remarks

Logistics and Services in the Sri Lankan Economy

3.1. Introduction

3.2. Services

3.2.1. Sri Lanka's Changing Economic Structure

3.2.2. Major Service Subsectors

3.2.3. Policy and Reform Options

3.3. Logistics

3.3.1. An Overview

3.3.2. The Sri Lankan Logistics Subsector

3.3.3. Transport Infrastructure

3.3.4. The Policy, Regulatory, and Institutional Framework

3.3.5. Regulatory, Policy, and Institutional Impediments

3.4. Recommendations for Logistics

3.5. Conclusions

Manufacturing Exports: Opportunities, Achievements, and Policy Options

4.1. Introduction

4.2. Analytical Framework

4.3. Export Performance

4.4. The Role of Foreign Direct Investment in Export Expansion

4.5. Determinants of Exports

4.5.1. Econometrics

4.5.2. Evidence from Field Surveys

4.6. Summary and Policy Inferences.

Modernizing Agriculture in Sri Lanka-Status and Challenges

5.1. The Context

5.2. Agriculture in the Economy of Sri Lanka

5.2.1. Historical Overview

5.2.2. Contribution to Gross Domestic Product

5.2.3. Labor Force Participation

5.2.4. Land-Use Patterns

5.2.5. Food Consumption Pattern

5.2.6. Agriculture and Food Trade

5.3. Sri Lankan Agriculture Compared with Neighboring Countries

5.4. Agricultural Value Chains in Sri Lanka: Problematic Interfaces

5.4.1. Rice Value Chain

5.4.2. Dairy Value Chain

5.4.3. Vegetable Value Chain

5.4.4. Coconut Value Chain

5.4.5. Spice Value Chain

5.4.6. Tea Value Chain

5.4.7. Fish Value Chain

5.5. Agricultural Policy Framework Objectives and Policy Instruments

5.6. Policy Challenges Facing the Agriculture Sector

5.6.1. Trade

5.6.2. Agricultural Marketing

5.6.3. The Fertilizer Subsidy Policy

5.6.4. Agricultural Land Policy

5.6.5. Irrigation Water Policy

5.6.6. Agricultural Credit Policy

5.6.7. Seed and Planting Material Policy

5.6.8. Agricultural Research and Extension Policy

5.6.9. Agricultural Mechanization Policy

5.7. Recommendations

State-Owned Enterprise Reforms in Sri Lanka: The Way Forward

6.1. Introduction

6.2. Methodology and Limitations

6.3. State-Owned Enterprise Reforms and Inclusive Growth

6.4. Historical Evolution: Learning from the Past

6.5. State-Owned Enterprises: The Current Context

6.6. Successful State-Owned Enterprise Reforms: International Experience

6.7. Types of State-Owned Enterprise Reforms

6.8. Potential Reform Pathways

Financing Sustainable Urbanization in Sri Lanka

7.1. Introduction

7.2. Urbanization in Sri Lanka

7.2.1. Urban Evolution, Form, and Structure

7.2.2. Institutional Roles and Functions for Urban Development

7.3. Urbanization Finance in Sri Lanka.

7.3.1. Intergovernmental Fiscal Framework

7.3.2. Local Government Revenues

7.3.3. Local Authority Expenditures

7.3.4. Considerations for the Way Forward

7.4. Funding Options for Urban Development and Urban Services

7.4.1. User Charges

7.4.2. Property Taxes and Related Property Charges

7.5. Challenges and Opportunities for Urban Finance in Sri Lanka

7.5.1. Realign Functions and Finance

7.5.2. Link Spatial and Sector Planning

7.5.3. Improve Options for Private Participation

7.6. Strategy for Establishing an Institutional Framework for Urban Finance in Sri Lanka

7.6.1. Strategic Element 1: Reset the Intergovernmental Fiscal Framework for Urban Service Delivery and Finance

7.6.2. Strategic Element 2: Operationalize a Spatial Planning and Coordination Framework

7.6.3. Strategic Element 3: Institutionalize a Governance Framework for Urbanization

Sri Lanka's Labor Market and Human Capital Formation

8.1. Introduction

8.2. Employment Trends and Patterns

8.2.1. Shifts of Sectoral Composition

8.2.2. Job Growth and Required Skills

8.2.3. High Education Attainment

8.3. Education System Issues

8.4. Demographic Changes

8.5. Labor Force Trends and Participation

8.6. Increasing Trend of Working Abroad

8.7. Conclusions and Policy Suggestions

Key Policy Recommendations

9.1. Macroeconomic Management

9.2. Services and Logistics

9.3. Manufacturing Exports

9.4. Agriculture

9.5. State-Owned Enterprises

9.6. Urban Finance

9.7. Labor and Education

Index

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

R

S

T

U

V

W.

Notes:

Includes index.

Includes bibliographical references and index.

Description based on print version record.

ISBN:

9789292579746

9292579746