It’s understandable that many people would doubt the country’s progress on the 52nd anniversary of Bangladesh’s Independence. Still, we must also be willing to accept the reality of the situation without passing judgement.
Hence, let’s examine some of the theories analysed by world-renowned economists. Since the country’s Independence, its development growth, GDP levels, economic indicators, technological advances, alleviation of poverty, and progressive change are all exemplary.
Bangladesh’s rapid progress seemed unimaginable 52 years ago. Bangladesh overcame floods, cyclones, a dense population, a dearth of natural resources, education, and skills, severe poverty, and many more challenges that would have crippled other nations. Bangladesh overcame all obstacles and is now an example for other countries in similar situations. Bangladesh is also known for rescuing hundreds of thousands of Rohingyas from dire situations. Bangladesh’s 52-year economic achievements are below.
Unfortunately, nothing is free. Growth hasn’t convinced our citizens or development partners. Democracy, the rule of law, governance, accountability, inclusive growth, and equitable distribution are not understood in the same way as in other developing and industrialised nations. Still, women in the US are not guaranteed protection or full access to all societal benefits; regulatory agencies are vulnerable to political influence; bureaucracy is masters rather than friends; the private sector benefits from political favouritism; and politics remains a zero-sum game in which the highest bidder takes all. Hence, we must fail and start over often.
While we have much to be proud of, we still have a long way to go to guarantee that everyone enjoys the fruits of our nation’s prosperity.