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Sri Lanka - Reshaping Economic Geography : Connecting People to Prosperity

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  • World Bank

Abstract

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. 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. These principles are important for Sri Lanka, which has laid the foundations for long term progress. Sri Lankas rise into middle income has been accompanied by a rapid transformation in how global markets view the country. This reshaped the countrys economic geography - firms not farms now lead Sri Lankas connectivity with the rest of the world. And these firms benefit from concentrating production close to Colombo, whose port moved 3.7 million containers in 2008. As a consequence Colombo and its neighboring areas have prospered.

Suggested Citation

  • World Bank, 2004. "Sri Lanka - Reshaping Economic Geography : Connecting People to Prosperity," World Bank Publications - Books, The World Bank Group, number 21549.
    • Handle: RePEc:wbk:wbpubs:21549
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    References listed on IDEAS

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