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What lies behind Sri Lanka’s collapse?

De Silva, Thamashi, Commander, Simon and Estrin, Saul ORCID: 0000-0002-3447-8593 (2022) What lies behind Sri Lanka’s collapse? LSE Business Review (19 Jul 2022). Blog Entry.

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Abstract

Corruption, the preferential treatment of connections, dependence on debt finance, and explosive borrowing from China have combined to push Sri Lanka into economic collapse. Political instability has only prolonged the crisis, provoking violence and unrest. Thamashi De Silva, Simon Commander, and Saul Estrin write that even if an acceptable caretaker government gets formed, the depths to which the economy has sunk, the degradation of institutions, and a sense of impunity among the elite will make recovery a protracted and painful process.

Item Type: Online resource (Blog Entry)
Official URL: https://blogs.lse.ac.uk/businessreview/
Additional Information: © 2022 The Authors
Divisions: Management
Subjects: H Social Sciences > HJ Public Finance
J Political Science > JQ Political institutions Asia
Date Deposited: 19 Aug 2022 08:12
Last Modified: 19 Aug 2022 08:12
URI: http://eprints.lse.ac.uk/id/eprint/115801

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