“We need to urgently redirect the economy towards strengthening local production, and reverse the direction of trade and financial liberalization. The Government is finally taking measures to restrict imports. The Government also seems to have realised, even at this late stage, that it is the flight of capital to Western financial centres that has hammered…
'kathika' social, cultural and political review
Tagged Rajapaksa regime
Trade Liberalisation in a Time of Global Economic Crisis: Economic and Political Implications of ETCA – Ahilan Kadirgamar
“Sri Lanka today also faces two dangers in relation to the deflationary global economy. First, the danger of a foolish move by the Government to open up trade, precisely when there is over production and falling prices in the global market that could undermine production within the country. The other danger is the increasingly xenophobic…