International Journal of Social Science & Economic Research
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Title:
TOWARDS BETTER COMPETITION: AN EVALUATION OF THE LAW RELATING TO COMPETITION IN SRI LANKA

Authors:
Pramoda Shanika Prasanshanie GonapinuwalaVithanage

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Pramoda Shanika Prasanshanie GonapinuwalaVithanage
Temporary Lecturer, Department of Commercial Law, Faculty of Law, University of Colombo

MLA 8
Vithanage, Pramoda Shanika Prasanshanie Gonapinuwala. "TOWARDS BETTER COMPETITION: AN EVALUATION OF THE LAW RELATING TO COMPETITION IN SRI LANKA." Int. j. of Social Science and Economic Research, vol. 3, no. 3, Mar. 2018, pp. 937-949, ijsser.org/more2018.php?id=66. Accessed 2018.
APA
Vithanage, P. (2018, March). TOWARDS BETTER COMPETITION: AN EVALUATION OF THE LAW RELATING TO COMPETITION IN SRI LANKA. Int. j. of Social Science and Economic Research, 3(3), 937-949. Retrieved from ijsser.org/more2018.php?id=66
Chicago
Vithanage, Pramoda Shanika Prasanshanie Gonapinuwala. "TOWARDS BETTER COMPETITION: AN EVALUATION OF THE LAW RELATING TO COMPETITION IN SRI LANKA." Int. j. of Social Science and Economic Research 3, no. 3 (March 2018), 937-949. Accessed , 2018. ijsser.org/more2018.php?id=66.

References
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Abstract:
Sri Lanka, being a country which is more concerned about its economic policy, has initiated several plocies and plans to create a better platform for trade and investment while successfully facing the global competitiveness. According to the past experiences in this journey towards a better competition, conflict of privatization policy which is dependent on the political leadership and party ideologies with national competition policy have remained as major problems. Instead of a steady longterm vision towards more competition, Sri Lanka has been adopting an ad hoc system of governance for the competition policy. The climax of the negative impact due to the absence of an effective competition policy was evident in recent fuel production shortages and the price fluctuations in certain goods at the national level while it must have been causing multiple disadvantages at the global level. In order to offer a stable and conducive commercial platform for traders as well as for foreign investors, a comprehensive national policy on competition has become an essential factor undoubtedly. Hence, this paper utilizes a critical approach to the existing law relates to competition in Sri Lanka and intend to recommend a suitable unique system where the competitiveness of the nation could be accerlerated.