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Strategic Industrial Policies for Economic Development in Sri Lanka (Lessons from South Korea)

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dc.contributor.advisor이영섭-
dc.contributor.author산드야-
dc.date.accessioned2017-07-14T07:08:51Z-
dc.date.available2017-07-14T07:08:51Z-
dc.date.issued2015-08-
dc.identifier.other000000067434-
dc.identifier.urihttps://hdl.handle.net/10371/126372-
dc.description학위논문 (석사)-- 서울대학교 국제대학원 : 국제학과, 2015. 8. 이영섭.-
dc.description.abstractDuring 1960s Sri Lanka and Korea were earmarked almost similar positions in terms of economic, social and political conditions. However Korea gained a rapid economic development by introduction and implementation of new policies in their industrialization process while Sri Lanka was right away from its path. Therefore, this study investigates the industrial policies adopted by Sri Lanka since its independence and examines the impact and relevance of those policies and identifies the weaknesses and failures during implementation and also tries to compare with strategic industrial policies that Korea has experimented in its rapid industrial development process. This study considered the development plans setup by Korea during its development process. In here, I have developed a conceptual framework to address the issues I found in my investigations of industrial policy adoptions of Sri Lanka. Finally the study itself express certain suggestions which Sri Lanka needs to be improved to gain a rapid improvement through industrial development by learning lessons from the strategic industrial policies adopted by Korea.-
dc.description.tableofcontentsDEDICATION…………………………………………..………..………....i
ABSTRACT……………………………………………..……..……….…..ii
ACKNOWLEDGEMENT…………….………….……………..…….…...iii
ABBREVIATIONS AND ACRONYMS………………………….………iv
CHAPTER ONE…….....…………………………………………………...1
Introduction....................................................................................................1
1.1Background of the study...........................................................................1
1.2Purpose of the Study…………………………….………………………4
1.3Research Problem……………………………………………………….6
1.4Research Methodology………………………………………………….7
1.5Structure of the Thesis…………………………………………………..8
CHAPTER TWO………………………………………….……………….10
Overview of the Literature………………………………………………...10
2.1 Introduction…...……………………………………………………….10
2.2 Industrial Policy through various aspects.……………………………..10
2.3 What define Industrial Development?....................................................14
2.4 Industrialization for Economic Development…………………………15
2.5 Import Substitution Industrial Policies (ISI)…………………………..18
2.6 Export oriented Industrial Policies for Developing Countries...............20
2.7 Government Interventions……………………………………………..23
2.8 Opposing views of Industrial Development Policy…............................25
CHAPTER THREE......................................................................................30
Industrial Policy in Sri Lanka……………………………………………...30
3.1 Current Socio-Economic Overview….………………………………..30
3.2 Industrial Development History of Sri Lanka.………………………...32
3.2.1 Before Independence..……………………………………………32
3.2.2 Period from 1948 to 1956 ............................................................. 33
3.2.3. Import substitution Industrialization 1956-1965 .......................... 35
3.2.4 Export oriented Industrialization 1966-1977 ................................ 38
vi
3.2.5 Outward looking strategy from 1977 ............................................ 39
3.3 Current environment of Industrial sector in Sri Lanka……………….. 43
3.4 Critical issues in industrial development in Sri Lanka……………….. 47
CHAPTER FOUR……...………………………………………………….51
Industrial Development Experience of Korea…….....…………………….51
4.1 Introduction…………………………………………………………… 51
4.2 Overview of Koreas Economic Performance………………………... 52
4.3 Growth Pattern and its Main Features…………………………………53
4.4 Road to Industrial Growth……………………………………………..57
4.4.1 Import Substitution Strategy ......................................................... 57
4.4.2 Export Based Industrialization Strategy........................................ 58
4.4.3 Heavy and Chemical Industries…………………………………..60
4.5 Market Opening Liberalization Policy…………………………….......62
CHAPTER FIVE.……...…………………………………………………..64
Analytical Review of Industrial Policy of Sri Lanka in the Context of Korean Industrial Policy…………………………………………………...64
5.1 Introduction............................................................................................64
5.2 Journey towards Industrial Development.……..………………………64
5.3 Contemporary Industrialization Experience of two countries…………70
5.4 Conceptual Framework for Development of Industrial sector in Sri Lanka………………………………………………………………………83
5.5 Analytical review of Strategic Industrial Policies……………………..87
CHAPTER SIX……....................................................................................99
Findings and Conclusion……..…................................................................99
6.1 Introduction............................................................................................99
6.2 Major findings and lessons learned…….……………………………...99
REFERENCES.…………………………………………………………..103
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dc.formatapplication/pdf-
dc.format.extent889794 bytes-
dc.format.mediumapplication/pdf-
dc.language.isoen-
dc.publisher서울대학교 국제대학원-
dc.subjectIndustrial Policies-
dc.subjectImport Substitution Industrialization-
dc.subjectExport led Industrialization-
dc.subjectSri Lanka-
dc.subjectKorea-
dc.subjectDevelopment plans-
dc.subjectEconomic development.-
dc.subject.ddc327-
dc.titleStrategic Industrial Policies for Economic Development in Sri Lanka (Lessons from South Korea)-
dc.typeThesis-
dc.description.degreeMaster-
dc.citation.pagesvi, 105-
dc.contributor.affiliation국제대학원 국제학과-
dc.date.awarded2015-08-
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