There's no political coalition in parliament either. The raja pakas acted with a lot of hubris, they wanted trilanka to be the next singapore. They loaded the government with debt and spent it foolishly on vanity projects that have never generated any revenue. Emily: Does this mean we will see political or economic instability in other countries like shilanka? Well i can tell you that in napal, another country in south asia that has a similar economy to srilancas. It depends a lot on tourism. People come to nepal to climb mount everis and other famous peaks. And there's been a similar effect where the country had taken on loans
In recent days, the political crisis in Sri Lanka has reached a critical point, with its president fleeing the country and protesters occupying his residence and office. Today, “The Daily” explores how the island nation, whose economy was once held up as a success story in South Asia, came apart — and why it’s a cautionary tale.
Guest: Emily Schmall, a South Asia correspondent for The New York Times.
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For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.