Bangladesh has experienced significant economic transformation, which can be attributed to its leadership
Over the years, Bangladesh has experienced significant economic transformation, which can be attributed to its leadership. Recently, Prime Minister Sheikh Hasina inaugurated the Padma Bridge and declared it a ‘symbol of pride and capacity’. As early as 1992, Sheikh Hasina was involved in the economic issues and plans for Bangladesh. She undertook the task of balancing economic policies with political implications. Sheikh Hasina shifted focus from her father’s socialist agenda toward market-based capitalist growth. She learnt from other Asian countries whose economic success was based upon four pillars: political stability, social development, trade liberalisation with export-led growth and fiscal restraint.
During a conference, when an economist began informing her about the benefits of trade liberalisation, Sheikh Hasina quipped, “you don’t have to convince me about trade liberalisation. When I was living with my physicist husband in the Italian city of Trieste on the Yugoslavian border, I watched the border being opened three times a week and people travelling across from both sides, purchasing goods and return.” This demonstrates that Sheikh Hasina was assiduously focused on economics rather than other considerations that politicians are attracted to.
Even though between 1971 to 2009, Bangladesh had hiccups in accountability campaigns and military rule, since 2009, the army has