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The paradoxes of the Bangladesh miracle
published : 28 Jun 2021 at 04:30
Ravaged periodically by natural calamities, long dependent on foreign aid and remittances, and a perennial source of refugees and emigrants, Bangladesh was once a basket case of misery , as Zia Haider Rahman put it in his great debut novel, In the Light of What We Know.
But on the 50th anniversary of its independence, Bangladesh is fast becoming a development paragon a Miracle on the Meghna.
Among the country s achievements is a dramatic improvement in its citizens average standard of living. According to the most recent data from the International Monetary Fund, Bangladesh s per capita GDP (measured in purchasing power parity terms) was about half of Pakistan s in 1987 and two-thirds of India s as recently as 2007.
The Paradoxes of the Bangladesh miracle
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