How Sri Lanka’s Economy Collapsed

<p>In recent days, the political crisis in Sri Lanka has reached a critical point, with its president fleeing the country and protesters occupying his residence and office. Today, “The Daily” explores how the island nation, whose economy was once held up as a success story in South Asia, came apart — and why it’s a cautionary tale.</p><p>Guest: <a href="https://www.nytimes.com/by/emily-schmall">Emily Schmall</a>, a South Asia correspondent for The New York Times.</p><p>Want more from The Daily? For one big idea on the news each week from our team, <a href="https://www.nytimes.com/newsletters/the-daily?module=inline">subscribe to our newsletter</a>. </p><p>Background reading: </p><ul><li>Yesterday,<a href="https://www.nytimes.com/2022/07/13/world/asia/sri-lanka-president-flees.html"> mass demonstrations and tear gas filled the streets</a> of Colombo, the Sri Lankan capital, and late into the night, protesters clashed with the police outside Parliament.</li></ul><p>For more information on today’s episode, visit <a href="http://nytimes.com/thedaily?smid=pc-thedaily">nytimes.com/thedaily</a>. Transcripts of each episode will be made available by the next workday. </p>