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Crisis in Sri Lanka

by Rick Majumdar |
5/14/22
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Sri Lanka - Hundreds of thousands of people took to the streets of Sri Lanka, May 9, to protest the deplorable state of affairs in the country. A failing governmental infrastructure has led to food insecurities, acute shortage of medicines and medical equipment in hospitals, prolonged power cuts, fuel crisis and exorbitant prices of necessities.

The island country has had a woeful bout with liberalization in its policies. Liberalization entails reduced governmental economic regulation and a higher influence of private companies and foreign entities on the economy of Sri Lanka. 

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