Sri Lanka’s spectacular political downfall over the recent days and ongoing downward economic spiral offers yet another unmistakable reminder: Good governance, both political and economic, matters.
The overthrow by ordinary Sri Lankans of an irresponsible government that bears responsibility for decades of mismanagement wasn’t a revolution. It was instead the result of frustrated Sri Lankans’ desperate outcry against policy failure caused by the feckless government and the country’s long-time political dynasty.
Serious policy hiccups by President Gotabaya Rajapaksa’s government, compounded by shocks caused by the ongoing pandemic and Russia’s unprovoked invasion of Ukraine, have sparked economic and social turmoil in Sri Lanka.
Source:
The Heritage Foundation
