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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

A World Apart, Lebanon and Sri Lanka Share Economic Collapse

An anti-government demonstrator holds a national flag and runs across tires that were set on fire to block a main highway during a protest against a ruling elite they say has failed to address the economy's downward spiral, in the town of Jal el-Dib, north of Beirut, Lebanon, Tuesday, Jan. 14, 2020. (AP)

Lebanon and Sri Lanka may be a world apart, but they share a history of political turmoil and violence that led to the collapse of once-prosperous economies bedeviled by corruption, patronage, nepotism and incompetence.

The toxic combinations led to disaster for both: Currency collapse, shortages, triple-digit inflation and growing hunger. Snaking queues for gas. A decimated middle class. An exodus of professionals who might have helped rebuild.

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