28 SOCIAL SCIENTIST 21 One wonders whether these intermittent credit squeezes were precipitated bv impending IMF-WB Missions and subsequendy relaxed after the relevant negotiations were concluded. A casein point was the credh-squeeze of the late 1983. 22 Some statements contradicting this position, which in fact, correcdy described the actual reality, are referred to later. 23 This "time to stop" does not seem, however, to be in sight as the rupee keeps on gliding down. Standing upto the IMF and theWB is not within the power of the regime, unless the "open economy" strategy itself is abandoned. References Y.RAmarasinghe, 1979, Emergence and Growth of Public Enterprises in Sri Lanka, W.D. Laksh-man (ed.). Public Enterprises m the Economic Development ofSriLanka^ National Institute of Business Management, Colombo, pp. 11-35 W. Bello, D. Kinlev & E. Elison, 1982, Development Debacke: The World Bank m the Philippines, Institute for Food and Development Policy. C.B., 1968, Central Bank of Ceylon, Annual Report for 1968. Gamani Corea, 1971, Aid and the Economy, Marga, Vol.1: I, pp. 19-54. S.B. de Silva, 1982, The Political Economy of Underdevelopment, Roudedge & Kegan Paul. Milton Friedman & Rose Friedman, 1980, Free to Choose! A Personal Statement, Harcourt Brace Jovanovich. Government of Ceylon, 1955, Six Year Programme of Investment, J954/5-1959/60. Planning Secretariat, Colombo. IBRD, 1953, Economic Development of Ceylon, John Hopkins Press. IBRD, 1966, The Foreign Exchange Problem of Ceylon, Ministry of Planning & Economic Affairs, Ceylon. IBRD, 1969. Current Economic Position and Prospects of Ceylon, Vol. I, Main Report, No. SA-2a, February. IBRD, 1975, Recent Economic Developments and Current Prospects far Sri Lanka, No. 622a—CE, February. IBRD, 1976, Sn Lanka.: Country Economic Memorandum No. 1019a—CE, March. IBRD, 1977, Sri Lanka: Country Economic Memorandum, No. 1425—CE, February. IBRD, 1978, Development in Sri Lanka : Issues and Prospects, No. 1937—CE, March. IBRD. 1980, Sri Lanka : Key Development Issues in the 1980's: Vol.1: The Medium Term Development Program, No. 2955—CE. May IBRD, 1981 Sri Lanka : Policies and Prospects for Economic Adjustment, No.3466—CE, South Asia Programmes Department, May. IBRD, 1982, Economic Adjustment in Sri Lanka: Issues and Prospects, No.3901—CE, May. W.D. Lakshman, 1973, terms of Trade, Public Policy and Economic Development of Ceylon, 1948-58, Unpublished D. Phil. thesis (Oxford University). W.D. Lakshman (ed.), 1979, Publu Enterprises in the Economic Development of Sri Lanka, Op. cit. W. D. Lakshman, 1980, Income and Wealth Distribution in Sri Lanka: An Examination of Evidence Pertaining to Post-1960 Experience, Working Paper 16, International Development Centre of Japan, Tokyo. W. D. Lakshman, 1981, Some Thoughts on the Political Economy of the Growth of Public Enterprises in Sri Lanka, The Sri Lanka Journal of Management Studies, No.2, pp. 67-90. M. Michaelv. 1962, Concentration in International Trade, North- Holland Publishing Company, Amsterdam.