BRUSSELS- Politics of the Currency Crisis

rubber barter -agreement with China in 1953, the Ceylon Trade Minister glibly claimed that Ceylon with all its welfare services was more socialist than China. In the sixties there were many marked changes. Free school education had created a large population of school leavers, very few of whom could gain entrance into the single university in Ceylon and this, along with nationalist pride, led to the creation of three more universities. This led in the late sixties to a swelling population of unemployed graduates. The welfare services began to break down with the increase in pornilation and in popular demand for them