Page 43 - UDYAMA FINAL final for web

POLICY FORMULATION

IN DEVELOPING COUNTRIES

Prof. (Dr.) Herath Madana Bandara
Professor in Economics
University of Ilorin, Nigeria

Policy formulation should be an Therefore, understanding of poli- the role of the government in
essential part of the development cy, policy objectives and areas of policy formulation and the policy
process in developing countries policy choices are essential in any decision making process while
such as Sri Lanka. In practice, po- planning. With this understand- providing a comprehensive under-
licy is highly interlinked with ing, Prof. Herath M Bandara standing about formulation of
planning. discusses the need for a policy, policies in developing countries.

January 2021 41