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