Sri Lanka Development Forum : The Economy, Regional Disparities, and Global Opportunities
This report is intended to inform the discussions of the Sri Lanka Development Forum. Specifically, section One reviews recent economic performance, the status of macroeconomic management and the strategic directions outlined in Mahinda Chintana. I...
| Main Author: | |
|---|---|
| Format: | General Economy, Macroeconomics and Growth Study |
| Language: | English en_US |
| Published: |
Washington, DC
2012
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2007/01/7362313/sri-lanka-development-forum-economy-regional-disparities-global-opportunities http://hdl.handle.net/10986/8041 |
| id |
okr-10986-8041 |
|---|---|
| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO MARKETS ACCOUNTING AGRICULTURAL GROWTH AGRICULTURAL POLICIES AGRICULTURAL PRODUCTS AGRICULTURAL SECTOR AGRICULTURAL SECTOR POLICIES AGRICULTURE BANK LENDING BENCHMARKING BONDS BUDGET EXECUTION CAPITAL MARKETS CAPITAL PROJECTS CENTRAL BANK COMMERCIAL AGRICULTURE COMPETITIVENESS CONFLICT DEBT DEBT MANAGEMENT DEBT SERVICE DEVELOPMENT OBJECTIVES DIVERSIFICATION DOMESTIC BORROWING DOMESTIC SAVINGS ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC IMPACT ECONOMIC OUTCOMES ECONOMIC PERFORMANCE ECONOMIC POLICY ECONOMIC REFORMS ECONOMIC STAGNATION EDUCATIONAL ATTAINMENT ELASTICITY ELECTRICITY EMERGENCY ASSISTANCE EXCHANGE RATE EXPORTS EXTERNAL IMBALANCES EXTERNAL SHOCKS FARMERS FINANCIAL FLOWS FISCAL MANAGEMENT FISCAL POLICIES FISCAL POLICY FOOD SECURITY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE GDP GDP DEFLATOR GINI COEFFICIENT GLOBAL MARKETS GROWTH PERFORMANCE GROWTH POTENTIAL GROWTH RATE GROWTH RATES HUMAN DEVELOPMENT INCOME DISTRIBUTION INCOME INEQUALITY INCOME LEVELS INCREASED INVESTMENT INDUSTRIAL SECTOR INFLATION INFLATION RATE INSURANCE INTERNAL MIGRATION INTERNATIONAL COOPERATION INVESTMENT RATIO IRRIGATION KNOWLEDGE ECONOMY LABOR FORCE LAND USE LITERACY RATES LIVELIHOOD OPPORTUNITIES LOCAL AUTHORITIES LONG RUN M2 MACROECONOMIC FRAMEWORK MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC STABILITY MEDIUM TERM MILITARY EXPENDITURES MONETARY POLICIES MONETARY POLICY MONEY MULTIPLIER MONEY SUPPLY NATIONAL POLICIES OPEN MARKET OPERATIONS PENSIONS PER CAPITA CONSUMPTION PER CAPITA INCOME PER CAPITA INCOMES PER-CAPITA INCOME PERSISTENT POVERTY POLICY REFORMS POLICY STANCE POLITICAL PARTIES POPULATION GROWTH POVERTY HEADCOUNT RATES POVERTY OUTCOMES POVERTY RATE POVERTY REDUCTION PRICE INCREASES PRICE STABILITY PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRO-POOR PROGRESS PUBLIC PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURES PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SECTOR REFORM PUBLIC SECTOR SAVINGS PUBLIC SECTOR WAGES RAPID GROWTH REAL INTEREST RATES REDUCING POVERTY REGIONAL DISPARITIES REMITTANCES REVENUE COLLECTION REVENUE PERFORMANCE ROADS RURAL RURAL INCOMES RURAL POVERTY SECURITY SITUATION SERVICE DELIVERY SHARP REDUCTION SOCIAL PROTECTION SUSTAINABLE GROWTH T-BILLS TAX TAX REVENUE TAX REVENUES TELECOMMUNICATIONS TRADE DEFICIT UNEMPLOYMENT URBAN POVERTY VULNERABILITY WAGES |
| spellingShingle |
ACCESS TO MARKETS ACCOUNTING AGRICULTURAL GROWTH AGRICULTURAL POLICIES AGRICULTURAL PRODUCTS AGRICULTURAL SECTOR AGRICULTURAL SECTOR POLICIES AGRICULTURE BANK LENDING BENCHMARKING BONDS BUDGET EXECUTION CAPITAL MARKETS CAPITAL PROJECTS CENTRAL BANK COMMERCIAL AGRICULTURE COMPETITIVENESS CONFLICT DEBT DEBT MANAGEMENT DEBT SERVICE DEVELOPMENT OBJECTIVES DIVERSIFICATION DOMESTIC BORROWING DOMESTIC SAVINGS ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC IMPACT ECONOMIC OUTCOMES ECONOMIC PERFORMANCE ECONOMIC POLICY ECONOMIC REFORMS ECONOMIC STAGNATION EDUCATIONAL ATTAINMENT ELASTICITY ELECTRICITY EMERGENCY ASSISTANCE EXCHANGE RATE EXPORTS EXTERNAL IMBALANCES EXTERNAL SHOCKS FARMERS FINANCIAL FLOWS FISCAL MANAGEMENT FISCAL POLICIES FISCAL POLICY FOOD SECURITY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE GDP GDP DEFLATOR GINI COEFFICIENT GLOBAL MARKETS GROWTH PERFORMANCE GROWTH POTENTIAL GROWTH RATE GROWTH RATES HUMAN DEVELOPMENT INCOME DISTRIBUTION INCOME INEQUALITY INCOME LEVELS INCREASED INVESTMENT INDUSTRIAL SECTOR INFLATION INFLATION RATE INSURANCE INTERNAL MIGRATION INTERNATIONAL COOPERATION INVESTMENT RATIO IRRIGATION KNOWLEDGE ECONOMY LABOR FORCE LAND USE LITERACY RATES LIVELIHOOD OPPORTUNITIES LOCAL AUTHORITIES LONG RUN M2 MACROECONOMIC FRAMEWORK MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC STABILITY MEDIUM TERM MILITARY EXPENDITURES MONETARY POLICIES MONETARY POLICY MONEY MULTIPLIER MONEY SUPPLY NATIONAL POLICIES OPEN MARKET OPERATIONS PENSIONS PER CAPITA CONSUMPTION PER CAPITA INCOME PER CAPITA INCOMES PER-CAPITA INCOME PERSISTENT POVERTY POLICY REFORMS POLICY STANCE POLITICAL PARTIES POPULATION GROWTH POVERTY HEADCOUNT RATES POVERTY OUTCOMES POVERTY RATE POVERTY REDUCTION PRICE INCREASES PRICE STABILITY PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRO-POOR PROGRESS PUBLIC PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURES PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SECTOR REFORM PUBLIC SECTOR SAVINGS PUBLIC SECTOR WAGES RAPID GROWTH REAL INTEREST RATES REDUCING POVERTY REGIONAL DISPARITIES REMITTANCES REVENUE COLLECTION REVENUE PERFORMANCE ROADS RURAL RURAL INCOMES RURAL POVERTY SECURITY SITUATION SERVICE DELIVERY SHARP REDUCTION SOCIAL PROTECTION SUSTAINABLE GROWTH T-BILLS TAX TAX REVENUE TAX REVENUES TELECOMMUNICATIONS TRADE DEFICIT UNEMPLOYMENT URBAN POVERTY VULNERABILITY WAGES World Bank Sri Lanka Development Forum : The Economy, Regional Disparities, and Global Opportunities |
| geographic_facet |
South Asia Sri Lanka |
| description |
This report is intended to inform the
discussions of the Sri Lanka Development Forum.
Specifically, section One reviews recent economic
performance, the status of macroeconomic management and the
strategic directions outlined in Mahinda Chintana. It notes
that the recent acceleration in Sri Lanka's growth can
be partly attributed to large aid flows for tsunami
reconstruction and to rapid growth in domestic demand. While
Sri Lanka can sustain higher growth given its level of human
development and integration with global markets, this will
require addressing structural constraints and managing the
downside risks associated with rising inflation and the
escalating conflict. Section Two of the report addresses the
regional disparities in growth and poverty reduction in Sri
Lanka. Noting that differences in education levels and
access to infrastructure cannot fully explain the sharp gaps
in regional growth, it suggests that the limited scope of
market reforms in key sectors, such as agriculture, has
played a more significant role. In particular, policy
reforms in agriculture have been elusive, partly due to
misperceptions that they will hurt the poor. Progress in
reducing regional disparities will require
politically-sensitive reforms that address these
misperceptions, through inter alia public consultations.
Finally, section Three takes up the question of how Sri
Lanka can accelerate growth further by taking advantage of
its high levels of educational attainment and tapping global
opportunities in the information technology (IT) and
knowledge sectors. The recent increase in foreign direct
investment in telecommunications, IT, and business process
off-shoring (BPO) in banking suggest that there is potential
for such growth. This potential can be enhanced by moving
further on the policy agenda that removes the obstacles
facing a knowledge economy |
| format |
Economic & Sector Work :: General Economy, Macroeconomics and Growth Study |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Sri Lanka Development Forum : The Economy, Regional Disparities, and Global Opportunities |
| title_short |
Sri Lanka Development Forum : The Economy, Regional Disparities, and Global Opportunities |
| title_full |
Sri Lanka Development Forum : The Economy, Regional Disparities, and Global Opportunities |
| title_fullStr |
Sri Lanka Development Forum : The Economy, Regional Disparities, and Global Opportunities |
| title_full_unstemmed |
Sri Lanka Development Forum : The Economy, Regional Disparities, and Global Opportunities |
| title_sort |
sri lanka development forum : the economy, regional disparities, and global opportunities |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2007/01/7362313/sri-lanka-development-forum-economy-regional-disparities-global-opportunities http://hdl.handle.net/10986/8041 |
| _version_ |
1764403737626935296 |
| spelling |
okr-10986-80412021-04-23T14:02:36Z Sri Lanka Development Forum : The Economy, Regional Disparities, and Global Opportunities World Bank ACCESS TO MARKETS ACCOUNTING AGRICULTURAL GROWTH AGRICULTURAL POLICIES AGRICULTURAL PRODUCTS AGRICULTURAL SECTOR AGRICULTURAL SECTOR POLICIES AGRICULTURE BANK LENDING BENCHMARKING BONDS BUDGET EXECUTION CAPITAL MARKETS CAPITAL PROJECTS CENTRAL BANK COMMERCIAL AGRICULTURE COMPETITIVENESS CONFLICT DEBT DEBT MANAGEMENT DEBT SERVICE DEVELOPMENT OBJECTIVES DIVERSIFICATION DOMESTIC BORROWING DOMESTIC SAVINGS ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC IMPACT ECONOMIC OUTCOMES ECONOMIC PERFORMANCE ECONOMIC POLICY ECONOMIC REFORMS ECONOMIC STAGNATION EDUCATIONAL ATTAINMENT ELASTICITY ELECTRICITY EMERGENCY ASSISTANCE EXCHANGE RATE EXPORTS EXTERNAL IMBALANCES EXTERNAL SHOCKS FARMERS FINANCIAL FLOWS FISCAL MANAGEMENT FISCAL POLICIES FISCAL POLICY FOOD SECURITY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE GDP GDP DEFLATOR GINI COEFFICIENT GLOBAL MARKETS GROWTH PERFORMANCE GROWTH POTENTIAL GROWTH RATE GROWTH RATES HUMAN DEVELOPMENT INCOME DISTRIBUTION INCOME INEQUALITY INCOME LEVELS INCREASED INVESTMENT INDUSTRIAL SECTOR INFLATION INFLATION RATE INSURANCE INTERNAL MIGRATION INTERNATIONAL COOPERATION INVESTMENT RATIO IRRIGATION KNOWLEDGE ECONOMY LABOR FORCE LAND USE LITERACY RATES LIVELIHOOD OPPORTUNITIES LOCAL AUTHORITIES LONG RUN M2 MACROECONOMIC FRAMEWORK MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC STABILITY MEDIUM TERM MILITARY EXPENDITURES MONETARY POLICIES MONETARY POLICY MONEY MULTIPLIER MONEY SUPPLY NATIONAL POLICIES OPEN MARKET OPERATIONS PENSIONS PER CAPITA CONSUMPTION PER CAPITA INCOME PER CAPITA INCOMES PER-CAPITA INCOME PERSISTENT POVERTY POLICY REFORMS POLICY STANCE POLITICAL PARTIES POPULATION GROWTH POVERTY HEADCOUNT RATES POVERTY OUTCOMES POVERTY RATE POVERTY REDUCTION PRICE INCREASES PRICE STABILITY PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRO-POOR PROGRESS PUBLIC PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURES PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SECTOR REFORM PUBLIC SECTOR SAVINGS PUBLIC SECTOR WAGES RAPID GROWTH REAL INTEREST RATES REDUCING POVERTY REGIONAL DISPARITIES REMITTANCES REVENUE COLLECTION REVENUE PERFORMANCE ROADS RURAL RURAL INCOMES RURAL POVERTY SECURITY SITUATION SERVICE DELIVERY SHARP REDUCTION SOCIAL PROTECTION SUSTAINABLE GROWTH T-BILLS TAX TAX REVENUE TAX REVENUES TELECOMMUNICATIONS TRADE DEFICIT UNEMPLOYMENT URBAN POVERTY VULNERABILITY WAGES This report is intended to inform the discussions of the Sri Lanka Development Forum. Specifically, section One reviews recent economic performance, the status of macroeconomic management and the strategic directions outlined in Mahinda Chintana. It notes that the recent acceleration in Sri Lanka's growth can be partly attributed to large aid flows for tsunami reconstruction and to rapid growth in domestic demand. While Sri Lanka can sustain higher growth given its level of human development and integration with global markets, this will require addressing structural constraints and managing the downside risks associated with rising inflation and the escalating conflict. Section Two of the report addresses the regional disparities in growth and poverty reduction in Sri Lanka. Noting that differences in education levels and access to infrastructure cannot fully explain the sharp gaps in regional growth, it suggests that the limited scope of market reforms in key sectors, such as agriculture, has played a more significant role. In particular, policy reforms in agriculture have been elusive, partly due to misperceptions that they will hurt the poor. Progress in reducing regional disparities will require politically-sensitive reforms that address these misperceptions, through inter alia public consultations. Finally, section Three takes up the question of how Sri Lanka can accelerate growth further by taking advantage of its high levels of educational attainment and tapping global opportunities in the information technology (IT) and knowledge sectors. The recent increase in foreign direct investment in telecommunications, IT, and business process off-shoring (BPO) in banking suggest that there is potential for such growth. This potential can be enhanced by moving further on the policy agenda that removes the obstacles facing a knowledge economy 2012-06-14T17:52:19Z 2012-06-14T17:52:19Z 2007-01 http://documents.worldbank.org/curated/en/2007/01/7362313/sri-lanka-development-forum-economy-regional-disparities-global-opportunities http://hdl.handle.net/10986/8041 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: General Economy, Macroeconomics and Growth Study Economic & Sector Work South Asia Sri Lanka |