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What went wrong

by Jayatilleke de Silva

Deregulation, privatization and small government have been the core elements of the standard prescription for development and good governance ever since the enthroning of the market in 1977. Now more than a quarter century later the people, principally the poor and poorest of the poor are yet to receive benefits of the change. Successive governments have promised to deliver but failed dismally in spite of the promises of supplanting a human face to the otherwise ruthless market economy.
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