Sri Lanka : Ending Poverty and Promoting Shared Prosperity

Between 2002 and 2012-13, most of the reduction in poverty was due to increased earnings, as opposed to higher employment or higher transfers. Although it is hard to be certain, increases in earnings are associated with: (i) a slow structural trans...

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Bibliographic Details
Main Author:	World Bank Group
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	TARIFFS SOCIAL COSTS CAPITAL MARKETS CONSUMPTION EXPENDITURES ENVIRONMENTAL QUALITY FISH UNEMPLOYMENT RATES DURABLE GOODS GOVERNMENT EXPENDITURES ECONOMIC GROWTH TECHNOLOGICAL PROGRESS ENVIRONMENTAL DAMAGES ENVIRONMENTAL PROTECTION POLICY ENVIRONMENT ENVIRONMENTAL DEGRADATION AIR QUALITY WASTE MANAGEMENT CARBON EXPECTATIONS PRODUCERS RESOURCE MANAGEMENT PROPERTY RIGHTS BALANCE OF PAYMENTS FINANCIAL RESOURCES TIMBER LABOR FORCE EMISSIONS POLITICAL ECONOMY REVENUES ENVIRONMENTAL ISSUES INCENTIVES EQUILIBRIUM MODELS PRIVATE PROPERTY REAL WAGES AGRICULTURAL OUTPUT EMPIRICAL ANALYSIS ECONOMIC ACTIVITY ECONOMIC SUSTAINABILITY EXPLOITATION ARABLE LAND LABOR COSTS CROWDING OUT OIL TRADEOFFS CROP MIX COMMERCIAL_BANKS NATURAL CAPITAL LABOR PRODUCTIVITY OPTIONS SPATIAL PATTERNS DEBT LAND DEGRADATION POLLUTION FORESTRY TECHNOLOGY TRANSFERS ECONOMIC POLICIES DIVIDENDS NATURAL RESOURCES SUBSIDIES EFFICIENCY FISHING TAXES TAX REFORMS LAND USE EFFECTIVE USE RESOURCES NATURAL MONOPOLIES UNEMPLOYMENT DEMOGRAPHIC TRANSITION EQUITY POTENTIAL INVESTORS PRODUCTIVITY GROWTH CONSUMPTION SOCIAL PARTICIPATION ECONOMIC IMPACT RURAL COMMUNITIES WAGES CLIMATE CHANGE ENVIRONMENTAL MANAGEMENT POLICY MAKERS CREDIT ENVIRONMENTAL IMPACTS PURCHASING POWER DEFORESTATION DEMAND PATENTS SOLID WASTES SUSTAINABLE GROWTH AGGREGATE DEMAND MARGINAL COSTS PUBLIC EXPENDITURES ELECTRICITY GENERATION ALTERNATIVE TAX REFORMS ENVIRONMENTS EXPENDITURES PUBLIC GOVERNANCE PROPERTY TAX RATES OPPORTUNITY COSTS TRANSACTION COSTS ENVIRONMENT SOIL DEGRADATION STREAMS ECONOMICS TAX REVENUE ENERGY EFFICIENCY CAPITAL GOODS FISHERIES ECONOMIC DEVELOPMENT TRADE LAND ECONOMIES OF SCALE TRANSFER PAYMENTS COMPARATIVE ANALYSIS INCENTIVE SYSTEMS DRINKING WATER TRADE TAXES CONSUMPTION PATTERNS COMMERCIAL BANKS COAL FARMS REVENUE PRIVATE CONSUMPTION COAL ENERGY HIGH UNEMPLOYMENT RISK MANAGEMENT TAX REFORM INTERMEDIATE INPUTS PROFITS ENVIRONMENTAL COST SAVINGS LABOR MARKETS DEMOGRAPHICS PRICES CONSUMER PROTECTION PRODUCTION COSTS ECONOMIC CONDITIONS ECONOMIES PRODUCTION PROCESSES PUBLIC GOODS COMPETITION
Online Access:	http://documents.worldbank.org/curated/en/2015/10/25156400/sri-lanka-ending-poverty-promoting-shared-prosperity-systematic-country-diagnostic http://hdl.handle.net/10986/23115

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Summary:	Between 2002 and 2012-13, most of the reduction in poverty was due to increased earnings, as opposed to higher employment or higher transfers. Although it is hard to be certain, increases in earnings are associated with: (i) a slow structural transformation away from agriculture and into industry and services that led to productivity increases; (ii) agglomeration around key urban areas that supported this structural transformation; (iii) domestic-driven growth, including public-sector investment that led to increases in labor demand, particularly in industry and services; and (iv) a commodity boom that led to higher labor earnings for agricultural workers in the context of lower agricultural employment. Sri Lanka’s has had impressive development gains but there are strong indications that drivers of past progress are not sustainable. Solid economic growth, strong poverty reduction, overcoming internal conflict, effecting a remarkable democratic transition in recent months, and overall strong human development outcomes are a track record that would make any country proud. However, the country’s inward looking growth model based on non-tradable sectors and domestic demand amplified by public investment cannot be expected to lead to sustained inclusive growth going forward. A systematic diagnostic points to fiscal, competitiveness, and inclusion challenges as well as cross-cutting governance and sustainability challenges as priority areas of focus for sustaining progress in ending poverty and promoting shared prosperity.

Sri Lanka : Ending Poverty and Promoting Shared Prosperity

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