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A comment on Sri Lanka’s overnight flip to organic farming has led to an economic disaster. Parent comment

Re:Sri Lanka’s overnight flip to organic farming has led to ... by blueblisters on Tuesday September 07, 2021 @09:09AM (#28444312)
Sri Lankans can probably answer this but Sri Lanka is in a vicious cycle - Covid-19 devastated tourism, which reduced the foreign currency reserves, which weakened the Sri Lankan Rupee, which made imports costly for an island that depends on imports for many basic necessities. This combined with harebrained policies of the President have put Sri Lanka, one of the richest countries (by per capita GDP) in the Indian subcontinent onto a path of economic devastation.
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Re:Sri Lanka’s overnight flip to organic farming has led to ... by Ayesh on Tuesday September 07, 2021 @09:16AM (#28444391)
The vicious cycle is true (source: Sri Lankan, but not actively living there).

The current president isn't the only one to blame, though. For the past 15 or so years, the government relied more and more on China to basically keep its wheels moving at the comfort of endless projects funded by China. Sri Lanka used to manufacture a lot of things such as tyre, sugar, paper, etc. The over reliance on imported goods didn't play out well, and things such as tyre, sugar, and paper are now at a shortage because the government simply didn't bother to improve the local manufacturing of said goods.

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Re:Sri Lanka’s overnight flip to organic farming has led to ... by tomrod on Tuesday September 07, 2021 @09:52AM (#28444855)
Without intending to start a debate: we see something similar occurring in Venezuela due to a choice to focus on oil production a few years (decade?) back instead balancing food and oil production.

There may well be something to institutional economics and the notion of a holon.

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Re:Sri Lanka’s overnight flip to organic farming has led to ... by imtringued on Wednesday September 08, 2021 @03:57AM (#28454383)
That's the resource curse at play. I do want to believe that Sri Lanka was just a tiny bit more diversified than Venezuela.
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Re:Sri Lanka’s overnight flip to organic farming has led to ... by iovrthoughtthis on Tuesday September 07, 2021 @09:11AM (#28444336)
I would assume they import fuel so this makes sense too.
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