• Policy Perspectives
• Macroeconomic Performance
◊ Introduction
◊ Output Growth
◊ Employment and Unemployment
◊ Investment and Savings
◊ Fiscal Policy and Public Debt
♦ Revenue and Expenditure
♦ Public Debt
◊ Inflation and Monetary Developments
◊ Share Market Developments
◊ The External Sector
♦ External Debt
♦ Exchange Rate Movements
◊ Conclusion
• International Environment
◊ Introduction
◊ Trends in the Global Economy
♦ Output Growth
♦ Commodity Markets and Inflation
♦ Financial Markets and Capital Flows
♦ International Trade
◊ Post Cancun Stalemate
◊ Implications for Sri Lanka
♦ Sri Lanka and FTAs
◊ Conclusion
• Land Policy in Sri Lanka
◊ Introduction
◊ Land Availability
◊ Changes in Land Utilization
♦ Forest Land Use
♦ Agricultural Land Use
♦ Increase in Homesteads
♦ Change in Urban Land Use
◊ Policy Framework
◊ Land Markets
♦ Allocation and Transfer of Land Among Users and Uses
♦ Property Rights, Tenure Security and Land Rental Markets
♦ Sales Markets
◊ Co-existence of Traditional Markets and Intervention Policies
♦ Efficiency
♦ Equity
♦ Inter-temporal Efficiency and Conservation
♦ Illegal Utilization of Land
♦ Illegal Utilization of Land
♦ Externalities
♦ Fragmentation/Consolidation
♦ Transaction Cost
♦ Disputes and Social Conflicts
♦ Property Rights
◊ Summary and Policy Implications
• National Education Policy: A Review
◊ Introduction
◊ Content of Education
◊ Instruments of Delivery
◊ Management of Delivery
◊ Equity of Access
◊ Approaches to Financing
♦ Adequacy of Funds
♦ Distribution of Funds
♦ Policy Implications
◊ Formulation and Implementation of Reform Agenda
• Social Security Benefit Schemes in Sri Lanka
◊ Introduction
◊ Social Security: The Sri Lankan Context
♦ Origin and Development of Policies
◊ Income Profile of the Elderly in Sri Lanka
◊ Evaluation of Current Schemes
♦ Coverage of Existing Schemes
♦ Adequacy of Retirement Income
♦ Fiscal Implications
♦ Investment Performance
◊ Social Security Provision for Migrant Workers
◊ Conclusion and Policy Implications
• Achieving MDGs in Sri Lanka: Current Status, Trends and Challenges
◊ Introduction
◊ MDGs: Goals, Targets and Indicators
◊ Goal 1: Eradicating Extreme Poverty and Hunger
♦ Poverty
♦ Hunger and Child Malnutrition
◊ Goal 2: Achieving Universal Primary Education
◊ Goal 3: Promoting Gender Equality
◊ Goal 4: Reducing Child Mortality
◊ Goal 5: Improving Maternal Health
◊ Goal 6: Combat HIV/AIDS, Malaria and Other Diseases
♦ HIV/AIDS
♦ Malaria
♦ Tuberculosis
◊ Goal 7: Ensuring Environmental Sustainability
◊ MDGs in Sri Lanka: A Comparison with South Asian Countries
◊ Issues and Challenges
• Regulatory Impact Assessment: Opportunities and Challenges in Sri Lanka
◊ Introduction
◊ RIA: An Overview
♦ What is Regulation?
◊ Why RIA?
◊ Adopting RIA in Sri Lanka
◊ Regulation in Sri Lanka
♦ PUCSL
♦ TRC
◊ Challenges and Options
• Natural Resources in Sri Lanka: Growth, Poverty Reduction and Environmental Protection
◊ Introduction
◊ Natural Resources: Growth, Poverty and Politics
◊ Water
◊ Forestry
◊ Protected Areas
◊ Sand Mining
◊ Fisheries
◊ Conclusion and Recommendations
• Open Skies Policy for Sri Lanka?
◊ Introduction
◊ Regulation of International Air Services
◊ Sri Lanka’s Aviation Policy
◊ Sri Lanka’s Aviation Industry
◊ Policy Options for Liberalization
♦ Unilateral Liberalization
♦ Reciprocal Bilateral Liberalization
♦ Plurilateral
♦ Multilateral
◊ Conclusion
• Monopolies and Mergers and Acquisitions Legislation: Policy Options for Sri Lanka
◊ Introduction
◊ Competition Policy: Why, for Whom and How?
◊ M&M Policy Issues
◊ Sri Lanka’s Experience with Monopoly and M&As Policy
◊ M&M Policy for Sri Lanka: Does it Need One?
• Small and Medium Scale Authority and International Practices
◊ Introduction
◊ Present Institutional Support System for SMEs in Sri Lanka
◊ Small and Medium Enterprise Authority
◊ International Practices
♦ Israel
♦ Japan
♦ Pakistan
◊ Conclusion
• US-Sri Lanka Free Trade Agreement: Can It Help the Apparel Sector?
◊ Introduction
◊ US Textile and Apparel Industry
◊ Sri Lanka T&A Industry
◊ Benefits of a US-Sri Lanka FTA
◊ FTA Options Available to Sri Lanka
◊ Challenges Ahead and Conclusion
• Threat from China for the Apparel Industry: Mirage and the Reality
◊ Introduction
◊ China’s Dominance
◊ Challenges to China’s Dominance in the Apparel Trade
◊ Threat and the Reality
◊ Conclusion
• Anti-dumping Legislation: To Have or Not?
◊ Anti-dumping Duties: Definition and Design
◊ Arguments in Favour of Anti-dumping
♦ Antidote to Predatory Pricing
♦ ‘Sanctuary Market’ Argument
♦ Stop Disruption of Sporadic Dumping
Protecting Specific Communities
◊ The Case Against
♦ Traditional Benefits of Unilateral Trade Liberalization
♦ Resource Constraints
♦ Devil in the Details
♦ Safeguards Option
◊ The Path Ahead for Sri Lanka
• Prospects
• Diary of Events
• Appendix A: Macroeconomic Indicators
• Appendix B: Capital Market

Sri Lanka: State of the Economy 2004
Table of Contents