Sri Lanka’s rising food prices belies deeper economic issues (Dushni Weerakoon, East Asia Forum)

Sri Lanka recently passed emergency regulations to deal with food shortages and price increases. Such powers are typically invoked to address public security concerns. But in this instance, they are being used to give the government extra powers to seize stocks of essential food items hoarded by traders. This justification sidesteps a fundamental question about the economic policy choices that have created the need for such drastic measures. An artificially maintained ‘official’ exchange rate in an economy hobbled by high debt levels has disincentivised food importers from releasing stocks at controlled domestic prices.

Sri Lanka’s rising food prices belies deeper economic issues | East Asia Forum

Marco Emanuele
Marco Emanuele è appassionato di cultura della complessità, cultura della tecnologia e relazioni internazionali. Approfondisce il pensiero di Hannah Arendt, Edgar Morin, Raimon Panikkar. Marco ha insegnato Evoluzione della Democrazia e Totalitarismi, è l’editor di The Global Eye e scrive per The Science of Where Magazine. Marco Emanuele is passionate about complexity culture, technology culture and international relations. He delves into the thought of Hannah Arendt, Edgar Morin, Raimon Panikkar. He has taught Evolution of Democracy and Totalitarianisms. Marco is editor of The Global Eye and writes for The Science of Where Magazine.

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