Understanding this fundamental distinction will not only help us put issues arising out of the toppling of Sheikh Hasina in perspective but also learn important lessons from these dramatic developments.
Hasina’s 16 years in power were marked by rapid economic growth that belied Henry Kissinger’s description of the country at birth as a “basket case”. Per capita GDP rose to equal that of India’s. The garments sector saw Bangladesh, as a Least Developed Country (LDC), taking full advantage of duty-free access to become a major global player in the sector. It also ensured massive women’s participation in the work force. Remittances from overseas workers spiralled to dizzy levels. At the same time, the strong emphasis on education, health and women’s empowerment, raised Bangladesh on the Human Development Index to a point that overtook India.
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