Bangladesh Socio-Political Crisis 2024 and onwards

[Afif]

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[HeratKabul]

There seems to be widespread discontent in Bangladesh. How well is the Bangladeshi economy really doing ? I have never seen sudden protests in a country supposedly doing well. Unless someone in Bangladesh establishment decided to dump Hasina.

How can Bangladesh hedge against India using China ? Especially when USA is countering China with India. Especially when most of Bangladesh's exports are going to USA/Japan/EU. I never understood the logic here. This does not mean Bangladesh cannot execute infra projects with China if it is mutually beneficial.

The CIA is incapable of executing these color revolutions with any kind of determinism.
Political science majors are never that good.
@Nilgiri

- Bangladesh Forex reserves in June 2008 were 7B, they rose to 48B in 2021
- Bangladesh exports for 2022 was $59.28B, a 33.57% increase from 2021.

So the country was actually doing extremely well under 15yrs rule of Mrs Hasina. Now Bangladesh will have political instability, civil war etc. - exporters will run away.

Just like British folks voted for Brexit and then regretted or Libyans outed Gaddafi and now crying or Soviet republics got USSR dissolved and now regret - same might be the case here. Time will tell.

 

[nahtanbob]

Simple. I believe the current account for BD is more or less around 0 i.e what goes in is also what goes out here.

Break it down by exports/imports.

all the surpluses are with USA/EU. all the deficits are with China. No brownie points for guessing what will happen in a zero sum game.

It is not like anything Bangladesh produces that cannot be obtained from another low income country

 

[nahtanbob]

- Bangladesh Forex reserves in June 2008 were 7B, they rose to 48B in 2021
- Bangladesh exports for 2022 was $59.28B, a 33.57% increase from 2021.

@UKBengali
are the statistics for real ?

 

[HeratKabul]

I think the Bangladeshi economy has been extremely crappy with little job growth. Hence the economic discontent

This is not just post-Covid. I think it has been crappy pre-covid.

If you objectively look at the facts and figures (Forex reserves, Exports, inflation, currency exchange rate etc.) Bangladesh as a country was doing very well on the economic front.

But when you have exceptional population growth , no amount of job growth can catch up with that.

 

[p200]

Statistics don't mean anything without context. If all the money went to the rich and the majority poor got nothing it doesn't matter if exports were $1 trillion. Also take into consideration that BD currency has HALVED in value since 2008. That 33.5% increase in exports is mostly inflation.

It is impressive the PM had decency to resign unlike Assad and Sharif.

 

[Alter_Ego]

The proposal to get Dr Yunus as interim govt head is brilliant as he is not in politics and widely respected by all parties except Hasina and BAL, but who cares about them anyway

He is OK.
Otherwise he is a US shill.
Nothing wrong with that. Every great power have its connections.

 

[HeratKabul]

@UKBengali
are the statistics for real ?

Facts and figures don't lie.

Bangladesh Exports 1960-2024

Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial...

www.macrotrends.net

Bangladesh Foreign Exchange Reserves

Foreign Exchange Reserves in Bangladesh increased to 26815.20 USD Million in June from 24197.20 USD Million in May of 2024. This page provides - Bangladesh Foreign Exchange Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.

tradingeconomics.com

 

[Alter_Ego]

There is something fishy about the whole thing. Yunus is classmate of Hillary Clinton, who played a role when Norwegian Nobel Comitee awarded him the peace prize. Yes the same comittee that gave Obama the peace prize.

I have no problem with closer relationship with the US, as it is a big export destination for BD products. But the US has no right to interfere in BD internal politics.

I will take even Tariq Zia over Yunus. Atleast Tareq Zia isnt compromised to the same degree.

With every passing hour this whole damn thing starts smelling like another US funded color revolution. Im gladly wanting to be wrong and still want to believe this student movement was a 100% homegrown revolution.

 

[LeonBlack08]

He is OK.
Otherwise he is a US shill.
Nothing wrong with that. Every great power have its connections.

Yeah, you can't really find a true neutral who is also well known and likely to be accepted by all. So we have to make do with whatever we have.

 

[LeonBlack08]

There is something fishy about the whole thing. Yunus is classmate of Hillary Clinton, who played a role when Norwegian Nobel Comitee awarded him the peace prize. Yes the same comittee that gave Obama the peace prize.

I have no problem with closer relationship with the US, as it is a big export destination for BD products. But the US has no right to interfere in BD internal politics.

I will take even Tariq Zia over Yunus. Atleast Tareq Zia isnt compromised to the same degree.

With every passing hour this whole damn thing starts smelling like another US funded color revolution. Im gladly wanting to be wrong and still want to believe this student movement was a 100% homegrown revolution.

Remember that This is an interim govt. He will come with a mandate to hold election. By default he is disqualified from running in the actual election.

 

[Bengal71]

Does it mean new US airbase will finally be opened up in Bangladesh ?

No.

The revolution wasn't instigated by the US. Its totally local.

 

[LeonBlack08]

@UKBengali
are the statistics for real ?

Those two indicators alone are not sign of a good economy. You have to take into account how much national debt rose during the same period, how much money laundered out of country, how many projects are actually revenue generating and adding value to economy, purchasing power of people etc etc

Anyway - we can dissect the real economic situation of BD under Hasina in a different thread.

 

[PakAl]

Yeah, you can't really find a true neutral who is also well known and likely to be accepted by all. So we have to make do with whatever we have.

I am waiting till Bangladesh Youth, intellectuals, clean politicians will form a new party to challenge BAL, BNP and JI, from the new party over the years new Leadership will emerge. They may struggle at first due to less experience and behind the scene BAL mafia causing issues but with the people support a reformist party with new ideas can be born.

 

[Bengal71]

@Al-Zakir al @Waz waz

Can the mods please take care of the Indian posters please? The entire thread has been derailed by these hundutva vermins. Can't we even have a thread for us to celebrate this auspicious moment in peace?