Sri Lankan’s Institutional Crisis: An Analysis Using the Framework of Why Nations Fail
By Kasuni Ranasinghe, Associate Fellow SAFN “In the case of Sri Lanka, it is clear that its own extractive institutions, whichare deeply centralized power, corruption, and economic mismanagement have contributed to its current crisis.” The recent economic crisis in Sri Lanka has led to broader discussion about how politicalinstitutions have influenced the economic instabilities. Daron…