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Trade Liberalisation in Sri Lanka : Exports, Technology and Industrial Policy - Ganeshan Wignaraja

Trade Liberalisation in Sri Lanka

Exports, Technology and Industrial Policy

Hardcover

Published: 16th February 1998
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'Dr Wignaraja is a rare economist who can put the important lessons of mainstream economics into the wider context that good policy demands. This book is yet another demonstration of this ability, displayed to advantage in discussing the architecture of trade policy. It should be read by all policymakers who want to make a difference' - Jagdish Bhagwati The East Asian experience suggests that technological development is fundamental to export success in outward-oriented economies. This study analyses export performance in Sri Lanka at a national and firm-lele, focusing on the acquisition of industrial technological capabilities during a period of trade liberalization. It compares Sri Lanka's record with Korea, Taiwan and Thailand. Analysis of the export and technological record of enterprises of varying performance highlights the policies which enhance competitiveness in developing and transition economies.

'Sri Lanka is often considered a case of successful export-led industrialization. Is it the first economy in South Asia to emulate the East Asian 'tiger' economies? An illustration of the benefits of liberalization? A success for 'market friendly' policies that leave resource allocation to the market and eschew picking winners? To some extent yes, but with important reservations. The narrow and vulnerable base of Sri Lanka's industrial and export growth means that its sustainability is not assured. Wignaraja shows how Sri Lanka's failure to mount similar industrial policies to the East Asian tigers has led to curtailed development. With its blend of trade theory, comparative industrial policy analysis, econometric work and enterprise case studies this work will be of value to all those who seek to understand trade and industrial policy in developing countries.' - Sanjaya Lall



'Dr Wignaraja is a rare economist who can put the important lessons of mainstream economics into the wider context that good policy demands. This book is yet another demonstration of this ability, displayed to advantage in discussing the architecture of trade policy. It should be read by all policy-makers who want to make a difference.' - Jagdish Bhagwati



'An important book by a highly capable economist, blending up-to-date theory and analysis with original research. His study will be read with profit by anyone interested in understanding or making policy on how developing countries learn to manufacture and export in today's competitive world.' - Robert Cassen

List of Tables - List of Figures - Foreword - Preface and Acknowledgements - Abbreviations - PART 1: INTRODUCTION AND ANALYTICAL FRAMEWORK - Introduction - Analytical Framework - PART 2: EXPLAINING OVERALL EXPORT PERFORMANCE IN SRI LANKA - Growth and Export Performance of Manufacturing - Macroeconomic Determinants of Export Performance - The Incentive Structure for Manufacturing - Supply-Side Determinants of Competitiveness - Interventions in Manufacturing: Main Findings - PART 3: EXPLAINING FIRM-LEVEL EXPORT PERFORMANCE IN SRI LANKA - The Sample Background - The Determinants of Firm-Level Export Performance - The Acquisition of Industrial Technological Capabilities - PART 4: CONCLUSION - Conclusions and Policy Implications - Bibliography - Index

ISBN: 9780333649565
ISBN-10: 0333649567
Series: Exports, Technology and Industrial Policy
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 282
Published: 16th February 1998
Publisher: Palgrave Macmillan
Country of Publication: GB
Dimensions (cm): 21.59 x 13.79  x 2.2
Weight (kg): 0.55
Edition Number: 1