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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Background reading: 

• Yesterday, mass demonstrations and tear gas filled the streets of Colombo, the Sri Lankan capital, and late into the night, protesters clashed with the police outside Parliament.

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.