Sri Lanka - Reshaping economic geography : connecting people to prosperity, Vol. 1 of 1

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Sri Lanka - Reshaping economic geography : connecting people to prosperity

Author:	Lall, Somik V.; Astrup, Claus;	Country:	Sri Lanka;
Date Stored:	2011/09/07	Document Date:	2009/01/01
Document Type:	Publication	ISBN:	978-955-8908-36-5
Language:	English	Major Sector:	Public Administration, Law, and Justice; Agriculture, fishing, and forestry; Finance; Industry and trade
Rel. Proj ID:	LK-Lagging Regions Phase 2 -- -- P113746;	Region:	South Asia
Report Number:	63706	Sub Sectors:	General agriculture, fishing and forestry sector; General finance sector; General industry and trade sector; General public administration sector
SubTopics:	Transport Economics Policy & Planning; Access to Finance; Economic Theory & Research; Labor Policies; Population Policies	Volume No:	1 of 1

Summary: Economic progress is accompanied by a fundamental spatial transformation where the economic landscapes of countries become increasingly uneven. The journey from low incomes to high incomes involves rising concentration of prosperity in a few places. Unbalanced growth is the norm, and has characterized the development experience of countries such as the United States and Japan, among the most prosperous in the world. And unbalanced growth is being repeated in China, India and other parts of the world that are prospering. At the same time, development can still be inclusive, as people who start their lives far from economic opportunity can benefit from the growing concentration of wealth in a few places. Connecting people to prosperity -is the principle behind economic integration policies that can help countries reap the benefits of both uneven growth and inclusive development. By concentrating production, Western province has productivity and wages twice those in other provinces.


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