Economic Crisis in Sri Lanka: Causes and Lessons
- Author Dr Sandeep E
- DOI 10.17605/O
- Country : India
- Subject :
Keywords : Sri Lanka, Economic Crisis, Foreign Aid, Debt Trap
Abstract
Sri Lanka is trembling in a chronic economic crisis in its national economy. The paper discusses the root causes of that on-going economic crisis in Colombo. It moves forward from a preliminary understanding that the current crisis in island nation is the result of the influence of multiple factors lying at different layers including structural, national as well as personal levels. In this context, the present article attempts to discuss the root causes of the crisis. The study is descriptive in nature which depends solely on secondary data. The paper is organised into three sections. The first part provides a brief background of the problem. The major causes of the present crisis are discussed in the second part and the last part is the concluding section of the paper.
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