- Dec 30, 2008
I'm never sure how to frame these conversations because there's a lot of details to argue about, so I'm using Sri Lanka as a bouncing point for a broader discussion.
Sri Lanka's economic crisis may be the beginning of a global crisis that will impact economically developing countries the worst.
Even prior to the Ukraine war, Madagascar this year has been experiencing famine level droughts. This drought on a global level combined with other stresses has already been announced by the U.N. and similar organizations.
Amid the global energy crisis, countries like Sri Lanka are seeing a halt of transportation and reverting to bikes and other means as more economical.
I get the sense that this is the beginning of a trend as many developing countries will begin to collapse under these intense pressures.
Feel free to share any thoughts or further information on the ongoing economic crisis.