Is Sri Lanka becoming a failed state?

The economic crisis is a result of mismanagement by the Rajapaksa administration (and its predecessors) as well as Sri Lanka’s vulnerability to external shocks. The pandemic and Russia’s invasion of Ukraine have had a devastating impact. The Rajapaksas pursued populist economic policies — including unaffordable fuel and food subsidies and printing money to finance them […]

The post Is Sri Lanka becoming a failed state? appeared first on Marginal REVOLUTION.

        CommentsSri Lanka needs better talent scouts. by ClearlyRelated StoriesSaudi fact of the dayHow big a deal would a nuclear explosion be?China’s Bizarre Authoritarian-Libertarian COVID Strategy