How Bangladesh is Secretly Becoming the Richest Country In South Asia

Bangladesh was always supposed to be poor. At the dawn of its existence it was already a failing state. Not only did the war of independence destroy nearly every farm, factory, road and bridge, but it came just 4 months after Bangladesh was hammered with the most destructive tropical cyclone in record history. Yet, even more daunting was the reality that Bangladesh, deprived of considerable natural resources, habitually subjected to catastrophic natural disasters, and haunted by perpetual and often violent political instability, seemed devoid of a clear path toward making things better. It was a widespread perception that Bangladesh was destined to be forever synonymous with poverty and suffering, earning it the unflattering label, as an “international basket case”.

But Astonishingly, against all conceivable odds, the past three decades have seen the country achieve, perhaps the most significant advancement in quality of life indicators of any place in the world, ever. Life expectancy has soared by 180%, while fatalities from tropical cyclones have been reduced by a staggering 100-fold. Poverty rates have dived from 80% to less than 19, while the child mortality rate has been cut by 92%. Its economy has emerged as one of the fastest growing in the world, with its GDP per capita once 50% less than Pakistan’s now almost 50% higher. And In 2019, it overtook even India, all while harboring aspirations of reaching high-income status by 2041. But how can a nation with all the odds stacked against it improve at such a blistering pace, Is this truly another economic miracle or a mirage that will painfully wither away.

– Contents of this video --------------------------------
00:00 - Bangladesh's Economic Miracle
04:17 - A Broken Nation
08:51 - Military Rule & Reforms
13:20 - A Laboratory for Poverty (NGO's)
18:15 - The Boom
25:08 - The Worry

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– Sources used --------------------------------
Bangladesh: Politics, Economy and Civil Society By David Lewis
World Bank used for graph statistics
The Bangladesh Economy Navigating the Turning Point by Kaushik Basu

#Economics #History #Bangladesh #CasualScholar #EconomicHistory #BangladeshHistory

[dungna]

My country, Bhutan 🇧🇹 was first ever country to recognize Bangladesh as an independent country that time

[myazid]

From Malaysia 🇲🇾 to Bangladesh 🇧🇩 congratulations you guys earn it. You guys hardworking and kind, allah will give you nation prosperity

[Arnab]

Im bengali from India. Its great to know that our brothers are building their Nation, we had the same land, same blood and same history. Love you all from the bottom of my heat 🥲❤

[rhuefcj]

Go Bangladesh, much success in shaa ALLAH, regards from 🇲🇦 Morocco 🇲🇦❤️🇧🇩

[JamakiahEckert-uhxw]

I wish for better. Bangladesh 🇧🇩 love from Switzerland 🇨🇭

[MariaBelenSeyssInquart]

BANGLADESH WAS POOR BECAUSE OF BRITAIN. Regards from Argentina to our Bangladesh friends. two Nations, one Heart.

[keneree]

Bangladeshis are very hardworking people and it’s their labor that helped develop my country. All the best from the Maldives 🇲🇻

[ibrahimasorybah]

As a Guinean 🇬🇳 i dont know how a love my Bangladesh brother i have alot of Bangladeshi friend there very friendly and candly🇧🇩❤
Balo bundo

[atrothe]

I remember raising money for Bangladesh as a school kid in the 1970s in Australia. We donated millions from country regions of NSW Australia alone. We were horrified by the images of starving people and did everything we could to help. Whole towns did charity drives and events to raise money for Bangladesh. Good too see you guys have good food supply now. We always try help when you guys get hit by floods. Australia set up a few NGOs With the money we raised in the 70s and 80s.

[Samuel-expt]

As a moroccan I visited Bangladesh in 2007 and it was amazing..such lovely people. I wish them the best for the future.

[Beybleyder]

As a young Pakistani, it breaks my heart when I learn about the atrocities the early Pakistani governments did to the Bangladeshi people and I am really sorry for it. Its so good to see you guys growing and getting stronger. All the best!

[brianb]

I’m an American. Interesting in US and world history . I’m glad to see Bangladesh is finally seeing more blessings.

[Hoang-]

I’m Vietnamese, during my study course in South Korea, i met a few Bangladesh students, we live in the same building near the school and they are even nicer to me than other Vietnamese. They have very distinct food and they always share their food to me. They always has cool story to tell about their culture and i just couldn’t forget how they always smile when greeting me. Such nice people, i’m glad their country is doing well !

[carstengrooten]

As a Dutchie, Bangladeshi geography looks quite similar to that of the Netherlands. Ecxcept that is is even more extreme in what the Netherlands is known for: even bigger rivers, higher population density and more land below sealevel. I hope Dutch engineers can help protect Bangladesh against water related issues and increase agricultural production. There seems to be a lot of potential 🇳🇱🤝🇧🇩

[Nvirr]

Good luck Bangladesh this really shows your resilience that despite every year you being flooded and your coastal areas being significantly damaged love from the uk 🇬🇧❤️🇧🇩

[EdwinaTS]

When I was a student living in a run down bedsit in St. Albans, UK, I met another resident, a Bangladesh student studying an MBA. It turned out that he was a Colonel in the army, and he told me a most moving story of his life with very basic english. He was tortured at one time. This gave me a big jolt of motivation to succeed. Always remember, the poorest nations also have great citizens who will emerge from unthinkable difficulties.

[HariSC]

As a nepali happy to see Bangladesh progress and development🇳🇵 🇧🇩

[swindonianee]

I am utterly shocked and truly happy to see today Bangladesh. I visited the country in 1993 - I could not believe the extend of the poverty I witnessed. The transformation is truly stunning. Regards from Poland.

[gamingwithdr]

As an indian I am happy to see our bangladesh friends becoming richer..! Love from india

[TERMINATOR-]

As a Pakistani I am ashamed of what our corrupt politicians did with our brothers and Happy that they are going in the Right direction ❤