LankaWeb – Our policy has to be Import Substitution with the motto "Buy Sri Lankan" to achieve the Vista of Splendour, our President's aim.
Posted on January 12th, 2021 Garvin Karunaratne, PhD in Non-Formal Education & Agricultural Economics, Michigan State University Formerly of the SLAS- Government Agent, Matara in 1971-1973. A Country that is saddled with a massive unsustainable foreign debt- as much as $ 56 billion, the servicing of which requires some $ 4 billion annually, where the outlay required for imports far outweighs the value that can be realized from exports, where the normal inflow of dollars from Middle East workers has ceased, has the only option of import substitution to enable its ...
Source: lankaweb.com