During the past two decades, Sri Lanka has experienced economic growth through liberal economic policies, together with structural adjustment and other agricultural policy reforms. In Sri Lanka, new technologies and regulatory devices were used to mitigate environmental problems such as soil...

Our economic perspective of the pollution problem characterizes that problem as involving a conflict between the consumption of two broad classes of goods--physical (or produced) commodities and the direct consumption of 'clean environment'. After considering the relative merits of market and...