Lessons from the economic success of Bangladesh
Live MintIt feels strange to have known a country since its birth. With US President Richard Nixon standing firmly behind Pakistan as President Yahya Khan’s army tried to crush the independence movement by resorting to rape and genocide, millions of Bangladeshi refugees poured into India. At independence, Bangladesh was one of South Asia’s poorest countries—poorer than India, and much poorer than Pakistan. Nevertheless, Bangladesh’s remarkable economic transformation—the World Bank now classifies it as a lower-middle-income economy—deserves praise and can offer important lessons for today’s low-income countries. Although Bangladesh’s constitution guarantees religious freedom, it has been challenged by fundamentalist groups that renounce what the prominent Bangladeshi commentator Abul Barkat has described as the “liberal and humanistic origin of Islam in East Bengal."