The Sri Lanka Economic Journal, published by the Sri Lanka Economic Association caters to the academic and research community that accommodates theoretical and empirical studies with an emphasis on theoretical and empirical studies mainly in development economics and political economy of development. Volume 10 covers the under mentioned articles: The relationship between defences expenditures and economic growth in Sri Lanka. A casual analysis (J. Suresh and N. Ravinthirakumaran). The role of transitional corporations in international production and their impact on host developing countries (M.J. Pathirage). Political backing, success of big push and take off in capital accumulation in Asia (S. Santhirasegaram). Accessibility and affordability of rural microfinance services in Sri Lanka (S.P. Premaratne). This issue includes the following articles- The relationship between defence expenditures and economic growth in Sri Lanka: A casual analysis, the role of transnational corporations in international production and their impact on host developing countries, political backing , success of big push and take off in capital accumulation in Asia, Accessibility and affordability of rural microfinance services in Sri Lanka, time-varying exchange rate exposure coefficients; evidence from national level stock returns, Trade liberalization and wage inequality: the case of Sri Lanka.