Bangladesh, With the fast growing economy of South Asia

Bangladesh, With the fast growing economy of South Asia

Bangladesh Economy is one of the fast growing economy in the world. The nation become the world's fastest growing economy under its present govt. brave decision. Mega project like Padma Bridge, Metro Rail, Karnafuli Tunnel, Rooppur Nuclear Power Plant etc. But it has some challenge to continue as the fast growing economy. Like Corruption, Rohingya refugee crisis, Political turmoil, Religious Violence etc. can block its fast growing economy. Now a days the religious violence and Rohingya refugee crisis make some problem over the infrastructures. Bangladesh may overcome these problems and continue to walk in the track of fast growing economy.

Bangladesh, With the fast growing economy of South Asia

With regards to the consistent pattern of media reporting out of South Asia, Bangladesh is regularly dominated by its bigger, atomic furnished neighbors, India and Pakistan. Be that as it may, as the nation manages an extraordinary inundation of around 1,000,000 Rohingya refugee from Myanmar, Bangladesh’s presence on the world stage has taken on a new urgency—as it is shouldering these important diplomatic and humanitarian tests. Under this and other circumstances how powerful is Bangladesh? 

Bangabandhu & Bangladesh

One of the fast growing economy Bangladesh is around 57,000 square miles in size, making it just the 95th largest country by area, or just slightly larger than the American states of New Jersey and Pennsylvania combined. The country is home to a population of about 159 million people—making the densely populated country the eighth most populous country on Earth. Bangladesh get independent in 1971 from Pakistan after a brutal war against Pakistan with the wise leading by Bangabandhu Sheikh Mujibur Rahman, The father of the nation of Bangladesh. Its sacrificed Three Million lives for the Independent. 200 Thousand Mother, Daughter, Sister (WOMEN) were raped by the Pakistani Military. Bengali the only nation who sacrificed their lives for their mother language in 1952. For thus the world observe the International Mother Language Day at 21^st February.

Bangladesh had a GDP per capita of only $1,358 in 2016, according to the World Bank. But the nation has seen a few years of economic growth -- in 2017, it grew by 7.2%, according to the Asian Development Bank. Additionally, a recent report by the World Bank says that the country has experienced an impressive decline in poverty, especially in rural areas.

However, in spite of its improving financial exhibition throughout the most recent couple of years, Bangladesh has encountered a lot of political burdens. It’s perceived to be one of the most corrupt countries according to transparency international, a global organization that ranks corruption perception. Bangladesh is a parliamentary republic, with a non-leader president. The Jatiya Sangsad, (National Per mourn) has 300 straightforwardly chosen individuals who serve five-year terms, and 30 seats are saved explicitly for ladies. While the country's laws cherish secularism, its courts have kept up that Islam is Bangladesh's state religion. Around 89% of Bangladeshis practice the Islamic confidence.

One of Bangladesh's most major problems has to do with the new problem of Rohingya refugees. Right around 700,000 Rohingya refugees have escaped Myanmar since August 2017 to get away from what the UN is calling ethnic cleansing. It is assessed that Bangladesh is facilitating almost 1 million Rohingya displaced people because of past rushes of brutality. The nation currently has more Rohingya than Myanmar. This inundation of individuals has had political, financial, and social effects on Bangladesh.But Bangeldeshi Prime Minister Sheikh Hasina says about the Rohingya refugees. She said “Well, yes, Bangladesh is not a rich country, it is true. We have a 160 million people in a small geographical land. But if we can feed 160 million people, another 500,000 or 700,000 people we can do it. We can share our food, we are ready to do it, and our people are already doing it.” Despite international relief aid flowing into the country, it hasn’t been enough to cover the full costs of the refugee crisis -- leaving it up to Bangladesh to pay for the rest.

Involves its largest neighbor that surrounds most of the state, India, relations seem to be improving. Some say that this might be an impact of the Indian Government’s recent policy to specialize in China’s growing influence within the region. This competition between China and India, has benefited Bangladesh in some ways – including its stock market. But relations with Pakistan the former ruler of the country aren’t as friendly. Bangladesh, which was formerly mentioned as Bangladesh, gained independence from Pakistan in 1971 after a brutal war. While a rocky agreement has held the peace between the two countries, relations are tense to say the littlest amount. With two massive, nuclear-armed powerful military countries in its immediate vicinity, Bangladesh has also recently begun a drive to modernize and bulk-up its military capabilities. Under the plan “Forces Goal 2030,” Bangladesh has already purchased variety of helicopters, unmanned aircrafts, and anti-missile aircrafts. It’s ultimate goal, to possess a military, Navy, and Airforce capable of conducting warfare by 2030. consistent with global military ranking site Global Firepower, Bangladesh’s military capability currently ranks 57th out of 133 countries round the world.

As a fast growing economy the country Bangladesh features a sort of political and social challenges to beat, whose solutions may alright help determine what proportion more powerful the country could become over subsequent few years. As they still grow economically, pull its people out of poverty, and bolster its military and international standing, it just might position itself as a 3rd player in South Asia’s largely two-country show. But we’ll just need to wait and see. Only time will tell whether Bangladesh's economy will still grow, also as its political influence within the region.

This is the summarized story; we have to wait to see how Bangladesh faced the challenge of the 21^st century and continue to walk as the fast growing economy country?