The ongoing battle between the US and the Chinese tech giant, Huawei, is escalating due to both parties’ eagerness to dominate 5G technology, the next major global technological revolution. Just recently, the US government blacklisted Huawei, creating chaos around the globe. Despite this, 5G technology is a massive breakthrough in the telecommunication industry and can herald significant changes in Sri Lanka as well. A few network service providers have already taken initiatives to deploy this technology in the country. This blog highlights the factors that prompted the accelerating tension between US and Huawei, and in turn discusses how it might affect Sri Lanka.
The immediate economic consequences of Sri Lanka’s brutal Easter Sunday terror attacks are obvious. The damage to tourism is the most apparent; investments decisions might be delayed. The impact of a serious breach of security depends on whether it is perceived as an isolated incident or an endemic threat. A swift and efficient response to bring the security situation under immediate control and restore ‘normalcy’ helps establish the former; confusion and disarray only reinforce the latter and delays an economic recovery.