Streets of Sri Lanka by Asiatravel.com

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Uploaded by on Oct 14, 2009

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Sri Lanka (from the Sanskrit Venerable Island), officially the Democratic Socialist Republic of Sri Lanka (pronounced /ˌʃriːˈlɑːŋkɑː/, Sinhala: , Tamil: இலங்கை; known as Ceylon (/sɪˈlɒn/) before 1972 and as Taprobane (/təˈprɒbəniː/) in ancient times), is an island country in South Asia, located about 31 kilometres (19.3 mi) off the southern coast of India. It is home to around twenty million people.

Because of its location in the path of major sea routes, Sri Lanka is a strategic naval link between West Asia and South East Asia.[citation needed] It has been a center of Buddhist religion and culture from ancient times.[citation needed] The Sinhalese community forms the majority of the population; Tamils, who are concentrated in the north and east of the island, form the largest ethnic minority. Other communities include Moors, Burghers, Kaffirs and the Malays.

The country is famous for the production and export of tea, coffee, coconuts and rubber.[citation needed] The natural beauty of Sri Lanka's tropical forests, beaches and landscape, as well as its rich cultural heritage, make it a world famous tourist destination.[citation needed]

After over two thousand years of rule by local kingdoms, parts of Sri Lanka were colonized by Portugal and the Netherlands beginning in the 16th century, before control of the entire country was ceded to the British Empire in 1815.[citation needed] During World War II, Sri Lanka served as an important base for Allied forces in the fight against the Japanese Empire.[8] A nationalist political movement arose in the country in the early 20th century with the aim of obtaining political independence, which was eventually granted by the British after peaceful negotiations in 1948.

In the 19th and 20th Centuries, Sri Lanka became a plantation economy, famous for its production and export of cinnamon, rubber and Ceylon tea, which remains a trademark national export. The development of modern ports under British rule raised the strategic importance of the island as a centre of trade. During World War II, the island hosted important military installations and Allied forces. However, the plantation economy aggravated poverty and economic inequality. From 1948 to 1977 socialism strongly influenced the government's economic policies. Colonial plantations were dismantled, industries were nationalised and a welfare state established. While the standard of living and literacy improved significantly, the nation's economy suffered from inefficiency, slow growth and lack of foreign investment. From 1977 the UNP government began incorporating privatisation, deregulation and promotion of private enterprise. While the production and export of tea, rubber, coffee, sugar and other agricultural commodities remains important, the nation has moved steadily towards an industrialised economy with the development of food processing, textiles, telecommunications and finance. By 1996 plantation crops made up only 20% of export, and further declined to 16.8% in 2005 (compared with 93% in 1970), while textiles and garments have reached 63%. The GDP grew at an average annual rate of 5.5% during the early 1990s, until a drought and a deteriorating security situation lowered growth to 3.8% in 1996. The economy rebounded in 19972000, with average growth of 5.3%. The year of 2001 saw the first recession in the country's history, as a result of power shortages, budgetary problems, the global slowdown, and continuing civil strife. Signs of recovery appeared after the 2002 ceasefire which died away following the beginning of war. Since the separatist war ended in May 2009 the Sri Lankan stock market has shown marked gains to be among the 3 best performing markets in the worldThe Sri Lankan stock market has come into the first three best stock markets in the world. The Colombo Stock Exchange reported the highest growth in the world for 2003, and today Sri Lanka has the highest per capita income in South Asia.

Info Taken from Wikipedia.com
Credits to Wikipedia.com
http://en.wikipedia.org/wiki/Sri_lanka

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  • yeyeye

  • ya ya...ya hahahahahahahahaha

  • Ayubowan welcome to sri lanka

  • this white bitch is quite a catch...

  • next time get a better guide ;). wayyyy more to see

  • excellent ha

  • i hope tourisim develops and i can put up a resort or some thing yupieee

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