Identification of Sri Lankan Foreign Policy Behavior through Economic Development

Abstract

The state determination to accomplish economic interest is essential proceeded ideology in contemporary world. Every state is being reaching various strategies for approaching to their real target is crucially analyzed. Approaching to the measures of economic developed state, Sri Lanka is being achieving middle income state which is gradually accomplished of years of year’s dedication. This paper research is sharply highlighted and evaluated the interconnection between the Sri Lankan Foreign Policy behavior and economic growth. Researching the flow of Sri Lanka Foreign Policy behavior after independent is strongly pave the way for economically develop nation using it as a strategy. Democratic and Socialistic principals, non-alignment and western oriented democratic foreign policies are some of instances for economic upwards. Economic related Agreements, negotiations, donations, grants, presents and official foreign visits have developed the multi faced capacity of reaching economic growth, technology, education (strategies and tactics) through governance foreign policy. Foreign direct investment (FDI), low interest debt and other economic assistant mainly like GSP+, quota system, and free trade areas are significantly played a major role in the process of economic development. Contemporary world is all connected either any state could never persist their own without any relationship with the world. Therefore, it is essential to identify the importance of foreign policy behavior through economic growth. The data of the study is derived from the literature review, statistical reports, document analysis and observation. Practical implication of the study is pointing out of reshaping economic policy decisions to reach the best economic interest for stabilized state development.