Part 8/10:
Sri Lanka's plight is not an isolated case; its experiences can serve as valuable lessons for other nations grappling with economic crises. The United States' response after the 2008 mortgage crisis diverged sharply from austerity. Instead, it focused on expansive investments aimed at stabilizing families and industries, which ultimately yielded positive results. Similarly, Portugal, once in a situation mirroring Sri Lanka’s, adopted a mix of austerity and proactive incentives, which led to job creation and stimulated economic recovery.