Often, we wonder what makes a state prosper and grow at a rapid pace. Is it population, education or the time frame? I know countries that are newly born without any initial infrastructures, FDIs or technological advancement yet they are an epitome of growing economies.
Countries such as Malaysia, Singapore, South Korea but the one that never ceases to amaze and inspire me is Bangladesh, previously known as East Pakistan until it got independence in 1971. Bangladesh is now a hub for textile in the world and the credit goes to their policies, which brings them in news every once in a while. On the other hand, Pakistan is still struggling with issues of it own. According to the government’s own statistics, their economy is tanking, social development is at a standstill and unemployment, starvation and poverty are soaring.
Not to my surprise, the very reason why Pakistan is still falling behind to its neighboring countries is because of the military’s long involvement in politics, political instability, money laundering and gender gap. At the same time Bangladesh has mastered all of it’s issues which were hindering their economic growth previously. Although Bangladesh has a long way to go to champion every issue that comes in their way, one can see that they are very committed to its people unlike Pakistan.
Which countries do you know that has achieved so much in a short span of time?
Link: https://www.thedailystar.net/business/bangladesh-2nd-fastest-growing-economy-in-asia-1813156
Thank you.