Rethinking the development of post-conflict Sri Lanka based on the Singapore model

Abstract

This study explores three major points: namely, Singapore’s development process, Singapore’s model of economic development, and the economic challenges of postconflict Sri Lanka. This study explores pages of Singapore’s past and elaborates the focal points that resulted in its current development status. Sri Lanka’s development is discussed and compared with that of Singapore. Insights into Sri Lanka and other developing countries are also provided. This study reveals clear influences of Singapore’s nation-building process on its economic development. In contrast, Sri Lanka’s civil conflict spanning three decades and its politically unstable post-colonial history are seen to have adversely affected the country’s development. The industrial sectors of Sri Lanka are concentrated on low-skilled labour and manufacturing, mainly textile and clothing. The civil conflict in Sri Lanka ended in 2009, but many challenges remain. Therefore, this study examines the lessons that can be learnt in developing policies for rebuilding the nation and re-setting economic goals for post-conflict Sri Lanka.