Economist Podcasts Growth and stagnation: Bangladesh’s first 50 years
Mar 26, 2021
Susanna Savage, an insightful journalist covering Bangladesh for The Economist, joins Joel Budd, the publication's social affairs editor. They discuss Bangladesh's impressive economic growth and the vital role of women in the workforce amidst political turmoil. The conversation shifts to global happiness trends post-pandemic; surprising findings reveal that older generations feel more content than ever, while younger people express discontent. The duo also delves into the significant trade disruptions caused by the Suez Canal blockage, highlighting its global implications.
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Uneven Progress
- Despite a devastating war, Bangladesh achieved economic success but lacks a healthy democracy.
- Expatriates returned to rebuild, driving economic gains unmatched by political development.
Garment Industry Powerhouse
- Bangladesh's garment industry, the world's second-largest exporter, fuels its economic transformation.
- This industry contributes 11% to GDP and 80% of export revenue, facilitated by women entering the workforce.
Early Garment Worker
- Kalpona Akta began working in a garment factory at age 12, supporting her family after her father's death.
- This highlights the role of women in Bangladesh's economic growth and cultural shift.