The Intelligence from The Economist

Growth and stagnation: Bangladesh’s first 50 years

Mar 26, 2021
In this engaging discussion, Susanna Savage, a writer for The Economist focusing on Bangladesh, joins Joel Budd, the social affairs editor, to explore Bangladesh's remarkable journey over its first 50 years. They highlight the country's empowerment of women and dominance in the garment industry. However, they also delve into the challenges of political corruption and the fight for workers' rights. Additionally, the conversation touches on surprising shifts in global happiness during the pandemic and the shocks caused by the Suez Canal blockage.
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INSIGHT

Bangladesh's Economic Rise

  • Bangladesh's GDP per capita now exceeds Pakistan's and rivals India's.
  • The nation achieved remarkable economic growth and improved public health.
INSIGHT

Garment Industry and Women's Role

  • Bangladesh's garment industry, the world's second-largest exporter, fuels its economic growth.
  • Increased female workforce participation significantly contributed to this success.
ANECDOTE

Kalpona Akter's Story

  • Kalpona Akter, starting work at 12, supported her family with factory wages.
  • She now leads an NGO advocating for workers' rights, highlighting women's impact.
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