Why did the Chinese model fail in Sri Lanka?
24 Jan 2025
Sri Lanka, which until a few years ago was called the pearl of South Asia, and although the geographical shape of the country looks like a teardrop, its citizens were considered to be the most prosperous and happy in South Asia, has been, sadly, regarded as an example of a failed system and a failed economy.
The country’s gross domestic product had reached 234 billion dollars. This is an indicator of the strong economy of South Asia.
With an average annual economic growth rate of 7.45 percent, the per capita income of Sri Lankan citizens was 11,069 dollars until 2019. Remittances receive...
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