The Intelligence from The Economist Losing the threads: Bangladesh
Mar 2, 2023
Dominic Ziegler, a columnist on Asian affairs, and Andrew Knox, The Economist's Korea correspondent, dive into Bangladesh's complex transformation over fifty years. They discuss how economic growth is threatened by rampant corruption and challenges in the garment industry. The conversation shifts to North Korea's funding of missile programs through illicit means like crypto scams. They also explore the legacy of BBC Monitoring, revealing its crucial historical role in information gathering and the impact of modern technology on media.
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Bangladesh's Economic Miracle in Danger
- Bangladesh's economic progress is threatened by several factors.
- These include declining foreign currency reserves and widespread corruption.
Economic Challenges for Bangladesh
- The Bangladeshi economy faces challenges due to global events and dependence on garment exports.
- These issues include rising import costs and shrinking margins in the textile sector.
Corruption in Bangladesh
- Corruption is pervasive in Bangladesh, impacting various aspects of life.
- Obtaining jobs, contracts, and even basic services often requires bribes.