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Pattern of Economic Growth

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Topic updated on 02/14/2019 09:43am
  • Total resource in Sri Lanka comprises with stock of the country is constituted by Gross Domestic Product and with imports of goods and services.
  • After independence, the total resources of Sri Lanka have changed during different t time following the changes in Gross Domestic Product and import structure.
  • Economic policies and new strategies were used to increase the Gross Domestic Product and then to increase the total amount of resources.
  • Sri Lanka’s total resource utilization comprises consumption, investment and exports of goods and services.
  • Sri Lanka’s national savings constitute domestic and foreign savings.
  • Where domestic savings constitute public and private savings.
  • Foreign savings constitute net foreign factor income and net foreign private transfers.
  • To improve a country’s national savings the net foreign private transfers should improve.
  • Improving domestic savings and foreign savings leads to increase investments which contributes greatly to economic growth.

Most important periods related to economic growth  After independence 

  • The period of 1948 to 1977
  • The period after 1977
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