Sri Lanka, April 26 -- Sri Lanka must integrate with global production networks that require trade reforms, removal of tariffs and protections across sectors and joining free trade agreements.

I hope to convince the reader that despite some of the commentary, Sri Lanka is not on the road to recovery. Numerous predictably dysfunctional policies with questionable rationalisations were implemented in 2019 and 2020; there was no discernible deliberative process. The underlying fragility of governance that precipitated the collapse is still prevalent. Two years on, the Wickremesinghe Government is exhibiting the same tendencies: a concentration of power in the office of the presidency with the executive holding the critical ministries of fina...