Sri Lanka


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In 1966 the government established the Ceylon Tourist Board, vesting in it the responsibility for invigorating the tourist industry. The board, operating as an autonomous corporation, was charged with promotional as well as organizational responsibilities. Most provisions for tourists were in the private sector, but the board had facilities in areas where private ones were considered inadequate.

Tourism expanded rapidly after 1966. The main attractions are the beach resorts of the southwestern coastal region, but many tourists also visit the ancient cities of the dry zone, the historic city of ...

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the plight of the industry, the government provided various concessions to hotels, such as the rescheduling of loans and the reduction of the turnover tax from 10 percent to 5 percent. The Ceylon Tourist Board also undertook a crash promotion program in an attempt to restore the island's image in world tourist markets. Tourist arrivals in the first six months of 1987, however, showed a decline of 23 percent compared with the same period the previous year. In early 1988, the outlook was for further contraction.

In 1988 it remained unclear whether the policies of economic liberalization Sri Lanka has pursued since 1977 would succeed in their principal goals of employment, wealth creation, and economic diversification. Although increased rice production, the growth of textile manufacturing, and an improved infrastructure were successes that could be attributed to the post-1977 policies, these gains came at the cost of a mounting foreign and domestic debt and declining living ...

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of the post-1977 economic policies is Ronald Herring's "Economic Liberalization Policies in Sri Lanka: International Pressures, Constraints and Supports." A more favorable evaluation of these policies is by Surjit S. Bhalla and Paul Glewwe, "Growth and Equity in Developing Countries: A Reinterpretation of the Sri Lankan Experience." This reference should be read in conjunction with the rebuttals by Paul Isenman and Graham Pyatt in World Bank Economic Review. (For further information and complete citations, see Bibliography).

Data as of October 1988

* Sri Lanka-Populist Economic Policies [HYPERLINK: ...

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Sri Lanka. (2013, March 14). Retrieved October 21, 2020, from
"Sri Lanka.", 14 Mar. 2013. Web. 21 Oct. 2020. <>
"Sri Lanka." March 14, 2013. Accessed October 21, 2020.
"Sri Lanka." March 14, 2013. Accessed October 21, 2020.
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Added: 3/14/2013 05:50:44 AM
Submitted By: thimothiyan
Category: Geography
Type: Premium Paper
Words: 6101
Pages: 23

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