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연구정보

[정치] Impact of political instability and government policies affect economic growth in Sri Lanka

스리랑카 국외연구자료 연구보고서 - University of Kelaniya Sri Lanka 발간일 : 2024-03-01 등록일 : 2024-05-09 원문링크

Sri Lanka's turbulent political landscape has long hindered its economic development, with frequent changes in leadership, civil unrest, and policy shifts disrupting progress. From the aftermath of independence in 1948 to the civil war that ravaged the nation until 2009, and recent events like the 2019 terrorist attacks, political instability has been a constant challenge. This instability, coupled with erratic economic policies and a decline in foreign tourist arrivals, has created a critical shortage of foreign currency, exacerbating the economic crisis. Recent developments, including debt defaults, the impact of the COVID-19 pandemic on tourism, and controversial fertilizer policies, have further intensified the situation. Calls for accountability and change have led to mass protests, with demands for the President's resignation echoing across the nation. To address these challenges effectively, a comprehensive understanding of the intricate relationship between political stability, government decisions, and sustainable economic growth is essential. This study aims to unravel this connection and provide a comprehensive analysis of Sri Lanka's economic trajectory, offering insights into potential solutions for navigating these complex challenges.

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