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Bangladesh, once a ‘hopeless’ economy, is leaving Pakistan behind

Bangladesh, once a ‘hopeless’ economy, is leaving Pakistan behind, says Kaushik Basu

https://www.financialexpress.com/ec...ng-pakistan-behind-says-kaushik-basu/1154910/

Bangladesh, once viewed as ‘hopeless’ economy, will soon leave its larger rival Pakistan behind in prosperity, as social changes and grass root initiatives help the 47-year-old nation move out of poverty, Kaushik Basu wrote in a recent post.
By: Pragya Srivastava | Published: May 3, 2018 7:35 PM
Bangladesh-reuters.jpeg
Bangladesh, once viewed as ‘hopeless’ economy, will soon leave its larger rival Pakistan behind in prosperity. (Image: Reuters)

Bangladesh, once viewed as ‘hopeless’ economy, will soon leave its larger rival Pakistan behind in prosperity, as social changes and grass root initiatives help the 47-year-old nation move out of poverty, India’s former Chief Economic Advisor Kaushik Basu wrote in a recent post.

Bangladesh is poised to overtake Pakistan in terms of per capita GDP in 2020 as it has shown transformation on the back of social changes and grass root initiatives, economist Kaushik Basu said in a recent post published by The Brookings Institution. Kaushik Basu, a former chief economist with the World Bank, dubbed Bangladesh as “most remarkable and unexpected success stories” in Asia in recent years.

Once crippled by poverty and famine, 47-year-old Bangladesh once viewed “hopeless” has exceeded Pakistan’s GDP growth by roughly 2.5 percentage points per year, the former chief economist of the World Bank wrote.

“…by 2006, conditions seemed so hopeless that when Bangladesh registered faster growth than Pakistan, it was dismissed as a fluke,” Kaushik Basu said, adding that even as there is no certain answer to the country’s success, it can be attributed to social changes starting with women empowerment, grassroots initiatives, and the success of its garment manufacturing industry. In 2016, Bangladesh’s GDP was $221 billion, while that of Pakistan was $283 billion.

“Thanks to efforts by the nongovernmental organizations Grameen Bank and BRAC, along with more recent work by the government, Bangladesh has made significant strides toward educating girls and giving women a greater voice, both in the household and the public sphere,” Kaushik Basu wrote.

In fact, World Bank shared the same views as Kaushik Basu. It also praised Bangladesh’s growth story, saying that the country has “an impressive track record” for growth and development, aspiring to be a middle-income country by its 50th birthday. Bangladesh has made substantial progress in reducing poverty, supported by sustained economic growth. “Bangladesh reduced poverty from 44.2 percent in 1991 to 18.5 percent in 2010,” the World Bank said.

However, Bangladesh faces daunting challenges with about 22 million people still living below the poverty line. The World Bank said that it needs to create more and better jobs for the 2 million youths entering the job market every year. Bangladesh GDP growth is projected to be in the 6.5%-7% range during FY18-20, while Pakistan’s GDP growth is projected to be 5.8% in FY19.
We should not fall for the flattering words from the Indian journalists and media.Why they are so obsessed of comparing Bangladesh with Pakistan? Why they are not comparing Bangladesh with India? In many economic and developmental indicators, Bangladesh is ahead of India.These Indian media and journalists are also the one who project Bangladesh as a Jihadi country hell bent on infiltrating India and creating chaos there.We should not pay any attention to these two headed snake.:devil:
 
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Why the **** is Bangladesh comparing to Pakistan. I go there a lot and there is no comparisons. Data can easily be distorted and manipulated.
Now compare Bangladesh debt to American debt as Bangladesh has a lower debt than America it means it's richer than America.
Stupid people always talk about crap. Look at the average Bangladeshi. What does he do and how much does he earn. What's his spending power. This is just Indian bullshit. Most Pakistanis don't even give Bangladesh a 2nd loom yettheir government and uneducated people have an infatuation with Pakistan.

I have a sober suggestion.

Maybe we Bangladeshis have the wrong impression.

Show us Bangladeshis some nishana about how better/advanced Pakistan really is. I'd honestly like to know.

Like maybe a 'day in the life of a upper middle class Lahori'. We can also do a 'day in the life of an upper middle class Dhaka dweller'. Maybe students. Where they live, how they travel, where they get something to eat, where they hang out etc.

Maybe Pakistan is really advanced and we shouldn't listen to Hasina after all. :-)

Later we can expand this idea to other countries.

The job of this forum (in my opinion) is to further peace, harmony and understanding between countries.

Not draw them farther asunder.
 
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Soon it will also leave India behind. Happy for Bangladeshis.

Pakistan unfortunately had bad leaders who cared for their pockets. Pakistanis should wake up, thrash these leaders and terrorist movements such as bla, lej, ttp, ptm, rizvi, etc. Also kick out all afghans and close the border with few entry points. Once this is not acheived, forget Bangladesh even Afghanistan will leave Pakistan behind.
 
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We should not fall for the flattering words from the Indian journalists and media.Why they are so obsessed of comparing Bangladesh with Pakistan? Why they are not comparing Bangladesh with India? In many economic and developmental indicators, Bangladesh is ahead of India.These Indian media and journalists are also the one who project Bangladesh as a Jihadi country hell bent on infiltrating India and creating chaos there.We should not pay any attention to these two headed snake.:devil:

Most of the times people, compare that are of equal in size and/or rivals.

Indians do compare India with China all the time as the populations of India and China are comparable.

India always comes out as crap in those comparisons.
 
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We should not fall for the flattering words from the Indian journalists and media.Why they are so obsessed of comparing Bangladesh with Pakistan? Why they are not comparing Bangladesh with India? In many economic and developmental indicators, Bangladesh is ahead of India.These Indian media and journalists are also the one who project Bangladesh as a Jihadi country hell bent on infiltrating India and creating chaos there.We should not pay any attention to these two headed snake.:devil:

If you want to see a real Modi lap-dog economist and Indian Nationalist, then you want to talk about a intellectual dwarf named Bhagwati who tried to duel with Amartya Babu. This idiot thought just by picking fights with a giant Amartya Sen, makes him look just as grand. :disagree:

See here,

https://www.outlookindia.com/blog/story/bhagwati-vs-sen-updated/3009

I think Kaushik Babu is not that bad and far from an Indian nationalist, though he was employed by the Govt. of India as an economist at one point. He is actually a follower/supporter of Amartya Sen's welfare economics theories which have extolled how Bangladesh has long led South Asia in Human Development areas (poverty, gender inequality and political liberalism).

Here they are in Shanti-Niketan in 2016.

argumentative_indian_1.jpg


Amartya Babu with his firebrand film-maker daughter Nandana. Can you say beauty _and_ brains? :-)
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Most of the times people, compare that are of equal in size and/or rivals.

Indians do compare India with China all the time as the populations of India and China are comparable.

India always comes out as crap in those comparisons.
No need to compare BD with Pakistan or India or any other single country. Our developmental path is different with different demands and priorities.There is one basic false assumption in the beginning of this article, that Bangladesh and Pakistan are rivals. Which is not.These two countries are very far apart and people give no damn of what happen in other country.For us, Pakistan is just a muslim country like so many others, only difference with other muslim nations is that, we have bitter experience with it in the past.But we don't consider Pakistan as a rival or a country example in anyway to follow or overtake.This current hype of 'Bangladesh vs Pakistan' is entirely foreign media generated. Bangladeshi media is still not interested to explore this ''Vs'' game.They regularly bash Pakistan for it's atrocity in 1971 or preceding 24 years.But they do not consider current Pakistan worth of giving any serious attention.You would not find reference of contemporary Pakistan in Bangladeshi media unless some big terrorist attack happen there or it's PMs removed from power in a dramatic fashion.
 
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This was bound to happen - 2 reasons -

1. Participation of women in economy.
It is much higher in Bangladesh - that's just a lot more work happening.

2. Priorities - Pak probably spends a significant amount of its resources on its armed forces. Irrespective of whether the reason for this is real or perceived - it probably consumed a lot of resources.
 
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Bullshit. Pakistan is a way better country than Bangladesh is.
even today purchasing power which really matters is almost twice of bangladesh(686 billion $ vs 1.1 trillion$) but with nearly zero growth in last decade and explosive export related growth in Bangladesh things will change

with nominal today Pakistan stands at around 284 vs 221 in 2016 so still 25% larger

This was bound to happen - 2 reasons -

1. Participation of women in economy.
It is much higher in Bangladesh - that's just a lot more work happening.

2. Priorities - Pak probably spends a significant amount of its resources on its armed forces. Irrespective of whether the reason for this is real or perceived - it probably consumed a lot of resources.
as compared to bangladesh yes, as compared to india no, pretty much same
spending as % of GDP has dropped after dependence upon nuclear weapons
once it was at around 6-7% its now at only 3% of GDP
 
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Amartya Babu with his firebrand film-maker daughter Nandana. Can you say beauty _and_ brains? :-)
http%3A%2F%2Fo.aolcdn.com%2Fhss%2Fstorage%2Fmidas%2F12f0c3c4cd61a15fa2bad2ad112e3c10%2F205475736%2F162917.jpg
Of course I can say.:-)

Too bad, Amartya Sen left Bangladesh in his childhood.Otherwise these two gem could have been Bangladeshi.:undecided:
 
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I have a sober suggestion.

Maybe we Bangladeshis have the wrong impression.

Show us Bangladeshis some nishana about how better/advanced Pakistan really is. I'd honestly like to know.

Like maybe a 'day in the life of a upper middle class Lahori'. We can also do a 'day in the life of an upper middle class Dhaka dweller'. Maybe students. Where they live, how they travel, where they get something to eat, where they hang out etc.

Maybe Pakistan is really advanced and we shouldn't listen to Hasina after all. :-)

Later we can expand this idea to other countries.

The job of this forum (in my opinion) is to further peace, harmony and understanding between countries.

Not draw them farther asunder.
bangladesh is growing fast and will probably take over pakistan soon
but data as of now is as follows
pakistan-gdp-per-capita-ppp@2x.png
pakistan-gdp@2x.png
pakistan-gdp-ppp-us-dollar-wb-data@2x.png
bangladesh-gdp@2x.png
bangladesh-gdp-per-capita-ppp@2x.png

bangladesh-gdp-ppp-us-dollar-wb-data@2x.png
 
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I have a sober suggestion.

Maybe we Bangladeshis have the wrong impression.

Show us Bangladeshis some nishana about how better/advanced Pakistan really is. I'd honestly like to know.

Like maybe a 'day in the life of a upper middle class Lahori'. We can also do a 'day in the life of an upper middle class Dhaka dweller'. Maybe students. Where they live, how they travel, where they get something to eat, where they hang out etc.

Maybe Pakistan is really advanced and we shouldn't listen to Hasina after all. :-)

Later we can expand this idea to other countries.

The job of this forum (in my opinion) is to further peace, harmony and understanding between countries.

Not draw them farther asunder.
Why compare...

Do your thing...

Honestly I want to see Bangladesh progress. My best friend in the UK is Bangladesh and I have been there many time.....

Compare to the best.....if paksitan isn't your equal good....move on. Why the infatuation.

Do you ever hear paksitan is saying we are ahead of Bangladesh.

Hasina is no different to Benazir Bhutto....both idiots and both worked/working against their countries...one dead and inshallah the other one will die soon.

You want to see Pakistan....be my guest just fly in and I will take care of the rest and see for yourself.
 
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Bangladesh is a homogeneous society with same culture, language and religion. This is the secret of Bangladesh's growth.

Had Pakistani Punjab was created as a separate country like Bangladesh it would have done better than Bangladesh.

Punjab has to carry the burden of Sindh, Baloch and Pushtuns which slows it down.

Fassadi baniye
 
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