Sri Lanka

Ranasinghe, Sudatta and Weerawardena, Jay (2009). Sri Lanka. In Léo-Paul Dana, Mary Han, Vanessa Ratten and Isabell M. Welpe (Ed.), Handbook of Research on Asian Entrepreneurship (pp. 297-306) Cheltenham, Glos, UK: Edward Elgar Publishing. doi:10.4337/9781781952658.00039

Author Ranasinghe, Sudatta
Weerawardena, Jay
Title of chapter Sri Lanka
Title of book Handbook of Research on Asian Entrepreneurship
Place of Publication Cheltenham, Glos, UK
Publisher Edward Elgar Publishing
Publication Year 2009
Sub-type Research book chapter (original research)
DOI 10.4337/9781781952658.00039
Open Access Status
Series Elgar Original Reference
ISBN 9781847206084
Editor Léo-Paul Dana
Mary Han
Vanessa Ratten
Isabell M. Welpe
Chapter number 34
Start page 297
End page 306
Total pages 10
Total chapters 46
Language eng
Subjects 1400 Business, Management and Accounting
Formatted Abstract/Summary
Sri Lanka is an island nation with a population of 19.8 million of which over 70 percent live in the rural areas. The recorded growth of population in Sri Lanka had been 1.1 percent at the end of 2006. Since gaining independence from British rule in 1948, the successive governments elected within the democratic political framework of the Westminster model have followed a set of welfare policies that incorporated free health care, free education and other measures of income redistribution. Thus, the country has been able to achieve an adult literacy rate of 94 percent and life expectancy and infant mortality rates comparable with advanced countries. Sri Lanka has also reached a per capita income level of US$1350 and a gross domestic product (GDP) growth rate of 7 percent by 2006. Although the country faced the adverse consequences of a serious political conflict during the past three decades due to the armed struggle launched by the separatist Tamil guerrillas, the economy had demonstrated a high degree of resilience evident from the continued growth of the GDP, which had averaged around 5 percent during the past five years. The economic liberalization policy introduced as far back as 1978 has had far-reaching effects on the economy and the society. The outward-oriented economic policies vigorously pursued by successive governments have brought in a significant volume of exportoriented investments both foreign and local. There has also been a corresponding growth of the small and medium enterprise...
Q-Index Code B1
Q-Index Status Provisional Code
Institutional Status UQ

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Collection: UQ Business School Publications
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