Sri Lanka’s history of economic instability, marked by multiple currency collapses and inflation crises, has been exacerbated by excessive monetary stimulus and fiscal mismanagement.
The regime’s kleptocratic system of ruling by plunder and favour to its cronies has contributed to accelerated wealth and income gaps as well as relative deprivation.
In 2023, Sri Lanka faced significant economic and political challenges including a contraction in GDP and a rise in taxes, yet improvements were noted...
Compared to native-born citizens, immigrants are more frequently involved in founding companies at all scales.
Peter Dizikes | MIT News Office
Immigrants to the US are...
The direct impact on SouthAsia will mainly occur through trade linkages, particularly through rising commodity prices as the region is a net importer of...
One should, nevertheless, keep in mind that war is horrific. It is most often not the answer. When it is, it is always the very last resort after all other means to resolve adverse situations have been well and truly exhausted.
Tourism, one of Sri Lanka’s key economic drivers, is set to receive $200 million. These funds will be used to protect and enhance natural and cultural heritage sites, create employment opportunities, and ensure local communities benefit directly from tourism revenues.
One should, nevertheless, keep in mind that war is horrific. It is most often not the answer. When it is, it is always the very last resort after all other means to resolve adverse situations have been well and truly exhausted.
Tourism, one of Sri Lanka’s key economic drivers, is set to receive $200 million. These funds will be used to protect and enhance natural and cultural heritage sites, create employment opportunities, and ensure local communities benefit directly from tourism revenues.