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# 121755
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Inflation, Competitiveness and Growth

Author :  A. D. V. De S. Indraratna (ed al.)

Product Details

  • Country Sri Lanka
  • Publisher Sri Lanka Economic Association (SLEA), Colombo
  • ISBN9789556200232
  • FormatPaperBack
  • LanguageEnglish
  • Year of Publication2009
  • Bib. Infoxii. 286p. ; 22cm.
  • Shipping Charges(USD)

Product Description

Both developed and developing countries face the problem of achieving one of the fundamental objectives of internal balance that is to sustain high economic growth together with price stability or low inflation. At one time, a moderately rising price level was not viewed by some economists with great concern. In fact, they believed that it improved the climate for investment and consequently promoted aggregate demand at a fairly level. Furthermore, it tended to reduce the burden of national debt. The problem, however, is that once the prices begin to rise it is rather difficult to control the rate of increase. At first, it becomes a social problem and then, a more serious one of producing undesirable results both in the internal as well as the external economy. Eventually, the rate of inflation becomes unbearable and difficult to reserve, and adversely affects competitiveness and economic growth.

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