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The issue is being debated in India after the International Monetary Fund (IMF) forecast Bangladesh’s GDP per capita in its ‘World Economic Outlook’.
According to the forecast, Bangladesh’s GDP per capita will soon surpass that of India.
Legendary commentator and former BBC journalist Mark Tallio has also spoken in favor of the forecast. He praised the way the Bangladesh economy has changed over the past two decades after overcoming thousands of adversities, likening it to “the rise of the phoenix from the ashes.”
He made the remarks in a comment in India’s Hindustan Times on October 24.
Mark Tully writes that in the way the Pakistani army burned village after village in the 1971 war, it is no less important to rise from the ashes half a century later.
He said that Bangladesh was suffering from a terrible famine just two and a half years after independence. Later, the murder of Bangabandhu Sheikh Mujibur Rahman gave rise to political instability in the country. It was then that then-US Secretary of State Henry Kissinger compared Bangladesh to a “bottomless basket.”
As Mark Tully writes, the Bangladeshi economy has been growing at a steady rate for the past 20 years. Many international organizations are accepting the “Bangladesh Model” as an established development trend.
Mark Tully thinks that there are two main factors behind the way Bangladesh has arrived at the place today.
First, privatization is believed to be “anti-popular”, but all governments have put politics aside and accepted the advice of international donors. But in neighboring India, privatization has always been a dilemma.
Second, NGOs or non-governmental organizations have always been encouraged to play a bigger role in the development of Bangladesh, which has never happened in India.
Mark Tully has made it clear that India must learn from the way Bangladesh has risen from the ashes of destruction.
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