The article analyses a recently released World Bank report on Sri Lanka, titled, ”Sri Lanka: Connecting People to Prosperity”. It points out that the main weakness of the report stems from its neo-liberal premise that places market and market forces at a pre-eminent position. Further, it argues, that economic development anywhere in the world, with the exception of a handful of countries, has resulted from correct industrial policy rather than from unconditional faith in market forces.
Combining_Bad_Economics (Download the full text in PDF format)
(This article has appeared in The Island, 22 August 2010)