The infamous labeling of Bangladesh as a “basket case” by Henry Kissinger is no longer true. With a steady growth rate of 5.5% for the last five years, its GDP growth rate is a stuff of envy, even for many industrialized western countries.
This is a stunning example of economic turnaround among many developing and emerging countries. And the trend continues with BRIC nations (Brazil, India, Russia, and China) picking up the steam and turning up the heat on establishing bold economic and political leverages against the mighty countries.
Sadanand Dhume wrote a brilliant article on the recovery and emergence of Bangladesh as an economically prosperous country in South Asia. The link of the article follows:
http://online.wsj.com/article/SB10001424052748703882404575519330896471058.html
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