Economic Freedom in Sri Lanka: Changes and consequences = ශ්‍රී ලංකාවේ ආර්ථික නිදහස, මෑත කාලීන වෙනස්කම් සහ එහි ප්‍රතිවිපාක

Abstract

The US-based Heritage Foundation (HF) has constructed a global index of economic freedom. The HF index uses 10 quantitative indicators that are grouped into four broad categories. (1) Rule of Law (property rights, and freedom from corruption), (2) Limited Government (tax burden and revenue and government role in the economy), (3) Regulatory Efficiency (business freedom, labour freedom, monetary freedom) and (4) Open Markets (trade freedom, investment freedom, financial freedom). Sri Lanka’s score has improved significantly post-war and declined a bit in 2014. This Insight examines which areas specifically Sri Lanka has improved in and which areas it has declined in. It also explains how economic freedom is linked to a country’s human development.