... that economic liberalization, motivated by the desire to benefit from the growth of the world trade and investment flows, will generate high transitional unemployment and cause an increase in inequality." (Globalization and Employment: Is Anxiety Justified?" Article by Eddy Lee on November 26, 1996) "When the current account is liberalized, foreign firms can sell their products in the local market. This situation confronts local firms with foreign competition. Consequently, domestic competition may drive a firm to reduce employment in order to be more competitive in the market." However Sri Lankan economy is in a recession because of the main problems of this economy left unsolved. In this case we can resolve any economic problems but not the ethnic conflict. For this ethnic conflict there is one solution which both parties of this conflict clearly understand. That would be the diplomatic solution. It is going to be so vital for the ...

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