Lessons from Sri Lanka's Debt and Economic Crisis

Mon Aug 29 2022 at 10:00 am

Asia-Europe Institute, Universiti Malaya | Kuala Lumpur

University of Malaya
Publisher/HostUniversity of Malaya
Lessons from Sri Lanka's Debt and Economic Crisis
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For a country that was predicted by Walt Rostow in the 1960s in a handful of countries to achieve rapid growth and structural change among the developing economies, Sri Lanka has had a tumultuous post-independence experience, especially since the ethnic crisis exploded in the1980s. While many had expected the country to re-emerge as a rapid developer following the end of the ethnic civil war that cost hundreds of thousands of lives, that expectation has now become a phantasm as the country’s economy has now collapsed with massive debt, spiraling inflation, and the masses thrust with an uncertain future. This talk seeks to unlock the causes and consequences of the crisis with a focus on its political economy origins.
by Dr. Ganeshan Wignaraja, Senior Research Associate, Overseas Development Institute, London
Moderator: Distinguished Professor Dato' Dr. Rajah Rasiah, Executive Director, AEI
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Asia-Europe Institute, Universiti Malaya, Asia-Europe Institute, Lingkaran Wawasan, Universiti Malaya,Kuala Lumpur, Malaysia

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