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1.What classical theory of economic development can best describe the economic development of Sri Lanka? Why? Classical theory: 1. Linear-stages-of-growth model; 2. Theories and patterns

1.What classical theory of economic development can best describe the economic development of Sri Lanka? Why?

Classical theory:

1. Linear-stages-of-growth model; 2. Theories and patterns of structural change; 3. International-dependence revolution; and 4. Neoclassical, free-market counterrevolution.

2.What went wrong in Sri Lanka's approach that caused its economy to collapse?

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