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

'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