Sri Lanka Country

Assessing the FDI Opportunities in Sri LankaLocated at the heart of Indian Ocean , Sri Lanka is a republic that has a potential to be a tourist destination because of its numerous beaches and rich culture . However , the long-standing cultured war and ethnical conflict has marred its chances to obtain several(prenominal)(prenominal) conflicting direct locatements (FDIAs Encyclopzhdia Britannica (2007 ) described , it was in 1948 , after closely cl long time of British rule , that Sri Lanka became an in figureent subject and was in addition admitted to the United Nations seven days after The country is a member of the Commonwealth and the South Asiatic intimacy for Regional Cooperation . Its main urban area is capital of Sri Lanka the outstanding of Sri Lanka . For administrative purposes , the country has been divided into nine provinces and subdivided into 25 districts . As a densely popu youthfuld nation , mass of its mass are poor , live in campestral areas , and depend on agriculture for their livelihood . Gifted with the geophysical environs of wide-ranging diversity makes Sri Lanka one of the world s most scenic countries . However , this diversity has been also reflected in several ethnic groups , each with its own cultural heritage This is wherefore Sri Lanka also has a highly varied cultural beautify and its fatal political conflict emerge from hereIn the late seventies , Sri Lankan government had envisioned the transformation from an inward-looking socialist scheme to a market parsimony based on liberalized sell , outside exchange and investment funds Despite a annihilative 20-year polite war started in 1983 , healthy frugal crop has been maintained , with GDP growing at around v per centum annually for over two decades even during the conflict years During the past y ears , however , excessive emphasis on socia! l welfare measures , deterioration of terms of trade , and jurisprudence of closure of the prudence through import-substituting industrialization contributed significantly to the mental retardation of scotch harvest-home from 1960 to 1977 (Kelagama 1998 .

Despite this performance , most commentators on the Sri Lankan economy , including the World Bank , saw Sri Lanka as a command story in terms of social welfare achievements and maturation performance compared to other low-income countries (World Bank 1980 ,. 90 . A story departure from social welfare-oriented and inward-looking policies occurred in 1977 , when the government initiated economic relaxation behavior behavior and various new policy measures to increase economic growth . Key features of the new policy regime include progress of export-led industrialization by offering incentives to domestic entrepreneurs , and hike of foreign direct investment in the newly naturalised export processing zoneFortunately , the new liberal policy milieu in the 1980s encouraged some large international companies to invest in Sri Lanka . The international media soon dubbed Sri Lanka the new investment sharpen of Asia Tourism picked up and tourist arrivals exceeded 400 ,000 in 1982 . exportation growth accelerated , with the garment sector write up for ofttimes of the momentum . In fact , the only five-year completion since license in which Sri Lanka s average growth rate exceeded 6 percentage was from 1977 to 1982 . All economic indicators during the 1977-82 period showed that , even though Sri Lanka had...If you indispensa bility to get a full essay, order it on our website: ! OrderCustomPaper.com

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