Question

Identify the country that was first to liberalise its economy in the south asian region

Answer 1

Answer:

Sri Lanka was one of the first developing countries to successfully control the rate of growth of population, the first country in the region to liberalise the economy, and it has had the highest per capita gross domestic product (GDP) for many years right through the civil war.

Explanation:

Answer 2

Answer:

Sri Lanka was the first country in south Asia to liberalize its economy.

Explanation:

Liberalization can be defined as the process of reducing the state control on economy. It means relaxing the restrictions on such as tariffs, permits, licensing  etc in order to promote economic activities.  Trade liberalization refers to removing restrictions on trade. Sri Lanka was the first developing country to control its population growth rate and liberalize its economy. This has helped Sri lanka in boosting its economy and has led to economic growth.