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Economic Liberalization and the Aftermath of War in Sri Lanka ...

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Open <strong>Economic</strong> policy<br />

• In 1977, Neo-Liberal Open<br />

<strong>Economic</strong> Policy was<br />

implemented ruthlessly.<br />

• Free Trade Zones (FTZs)<br />

were established.<br />

• Reduced <strong>the</strong> Public Services.<br />

• Privatized public properties<br />

• Cut down welfare spend<strong>in</strong>g <strong>and</strong><br />

liberalized <strong>the</strong> f<strong>in</strong>ancial market

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