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Bangladesh’s development in the eyes of the Adviser to the Prime Minister of Pakistan

Bangladesh is celebrating the golden jubilee of victory. The country that Henry Kissinger called the ‘bottomless basket’ is now a role model for development in the world. Bangladesh’s national income has increased fifty times, per capita income has increased 25 times. Which is more than the neighboring India-Pakistan. Food production has also quadrupled.

The remarks were made by Ishrat Hussain, Institutional Reforms and Austerity Adviser to the Prime Minister of Pakistan. In an article in Pakistan’s English-language daily Dawn on Thursday (December 16th), the economist added that Bangladesh’s population had grown two-and-a-half times, and per capita food availability had increased.

He said exports had increased hundreds of times since 1990, and poverty had dropped from 60 per cent to 20 per cent. The average life expectancy has increased to 72 years. Most of the social indicators of Bangladesh are better than other countries except Sri Lanka. The value of the country’s human development index has increased by 70 percent.

Most of Bangladesh’s progress has been in the last three decades, although the first two decades have been marked by weak growth and political instability. In 1990, Pakistan’s per capita income was twice that of Bangladesh. But now it has come down to seven tenths.

Between 2011 and 2019, before the Corona infection, Bangladesh’s average GDP growth was seven or eight percent. Which is double that of Pakistan.

Israt Hussain was stationed in Patuakhali, Chittagong and Dhaka in Bangladesh. He can also speak in Bengali. He said in the article, the story of Bangladesh is interesting. How can a country at risk of natural disasters do better in most socio-economic indicators than its larger and more developed — India and Pakistan — neighbors? In fact, Bangladesh has gone through a difficult situation.

“The country has had to deal with the formation of a new government, the resettlement of displaced persons, the assassination of its founders and top political leaders, and a series of canceled and successful military coups.”

Israt Hussein said the military was in power in the country until 1991 (actually 1985-1990). Then General Ershad decided to restore the parliamentary democracy of the country. From then on, the two main political parties of the country – Awami League led by Sheikh Hasina and BNP led by Khaleda Zia started coming to power.

The Pakistani banker further said that the Awami League has come to power after winning the elections three times in a row since 2009. At this time Khaleda Zia boycotted the election. Leaders and activists of his party were arrested. He also has to go to jail. The way in which progress has been made economically and socially in the face of political rivalry and instability is truly fascinating.

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