This move prompted the Wall Street Journal to christen it South Asia’s “ economic bull case”-a retort to then-U.S. Several weeks ago, the United Nations development policy committee recommended that Bangladesh graduate from “least developed country” status to become a developing country. Raja Mohan notes in Foreign Policy, the country is poised to become a bigger player in regional and global geopolitics-thanks in no small part to this growth. Last October, the International Monetary Fund projected that its domestic GDP per capita in 2020 would exceed India’s.Įxperts attribute Bangladesh’s growth story to a range of factors: one of the world’s most competitive garment industries, the education and empowerment of women, a vibrant network of nongovernmental organizations, and high levels of remittances. Its exports have risen by about 80 percent over the last 10 years, in dollar terms. It has been one of the world’s greatest economic growth stories, with average economic growth increasing steadily every decade since 1980. The exact scale of war casualties remains unknown: Estimates of the number of people killed range from 300,000 to 3 million.įifty years after independence, Bangladesh has much to celebrate. Pakistan surrendered two weeks later, formalizing Bangladesh’s independence. War raged into early December 1971, when India’s military invaded in support of the breakaway region. Rahman, a leading political figure in East Pakistan, then issued a declaration of independence for the new nation of Bangladesh. backing, Pakistan’s military sought to suppress nationalist sentiment and unleashed horrific levels of brutality in March 1971. It bristled at its marginalization by the Pakistani government, and it advocated for more autonomy. When Pakistan became independent in 1947, present-day Bangladesh was one of its provinces, known as East Bengal and later East Pakistan. The revelry contrasts sharply with the bloody events that led to Bangladesh’s independence. Those farther afield, from Chinese President Xi Jinping to Canadian Prime Minister Justin Trudeau, have offered congratulatory video messages. It launched a 10-day “golden jubilee” on March 17 with parades, fireworks, tributes to independence hero Sheikh Mujibur Rahman, and visits from neighboring heads of government. Bangladesh marks the 50th anniversary of its independence on Friday, and the country is celebrating in style.
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