The Economy of Sri Lanka Essay

The Economy of Sri Lanka Essay

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INTRODUCTION
Sri Lanka is the home to many languages, cultures, ethnicities. It is an island country on the northern Indian Ocean off the southern coast in India’s subcontinent located in southern Asia. There are many things that contribute to their economic growth and I shall discuss some of them below.
ECONOMIC HISTORY OF SRI LANKA
According to Sri Lanka wonder of Asia, (2014), when explaining Sri Lanka economic growth, it is advisable for the purpose of this essay to look into Sri Lanka’s history from pre-historic time, colonial era and independence. (the world bank, 2013)
PRE-HISTORIC
• A group of people from South India, called Cholas ruled Sri Lanka for 70 years.
• Queen Anula was the first female ruler of Sri Lanka, being an Asian nation. She ruled from (47-42 BC). (2013)
COLONIAL ERA
Many groups Arab and Malay merchants settled on an island and the island was known to the first European explorers of South Asia.
INDEPENDENCE
Pressure for independence in Sri Lanka intensified subsequently at the end of the World War 1 & 2. On February 1948, the country won its independence as the Commonwealth of Ceylon. But it was a story of squandered opportunity and one of the element of the failure was the attempt of the dominant Sinhalese political parties after the death of D.S. Senanayake to deny the Tamil element of the population any cultural autonomy (Watkins). Sinhala was considered the only official language for the Sinhalese. In 1983, 13 Sinhalese soldiers were killed in ambush by Tamil separatists in in north Sri Lanka, this made the Sinhalese in the south go on a rampage against Tamil citizens and business which resulted in 400 deaths
CURRENT
Regarding the current situation in Sri Lanka, the three factors which ...


... middle of paper ...


...ecember 18). Retrieved february 23, 2013, from the world bank: http://data.worldbank.org/data-catalog/Population-ranking-table
(2013, december 18). Retrieved february 23, 2014, from data.worldbank.org: http://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG/countries/LK?page=1&display=default
(2013, december 18). Retrieved february 23, 2014, from countryeconomy: http://countryeconomy.com/demography/population/sri-lanka
(2013, december 18). Retrieved february 23, 2014, from http://worldpopulationreview.com/countries/sri-lanka-population/
(2013, december 18). Retrieved february 23, 2014, from http://www.srilanka.travel/history_of_sri_lanka
(2013, december 18). Retrieved february 23, 2014, from https://www.cia.gov/library/publications/the-world-factbook/geos/ce.html
Watkins, T. (n.d.). Retrieved 02 20, 2014, from http://www.sjsu.edu/faculty/watkins/srilanka.htm


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