Limits of Statist Development or State Capitalism

Countries have achieved sustained growth and development by adopting a range of approaches. Successful outcomes have come from policies varying from state capitalism to those based on market-driven private sector-oriented models. A high premium needs to be attached to the pursuit of pragmatic policies that are appropriate for country-specific conditions at a given point in history. It is in such a context that one needs to consider carefully the options available to Sri Lanka at this point in time.