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Well, if I want to compare two successive governments in Bangladesh, stats on FDI inflow will be the last indicator I would choose. FDI inflow has always been abysmally low, and whatever FDI we got in the last 15 years, it was mostly reinvestment by existing MNCs with next to zero greenfield investments, resulting in a lack of diversification of exports. This could have been improved, the way our peers like Vietnam did, but there has been no reforms at all in the last 15 years despite political stability. Instead, all the state institutions were destroyed serially.
There was high GDP growth during Hasina true but it was mostly due to exorbitant government spending on misplanned projects and that too with borrowed money and rising foreign debt.
greenwatchbd.com
en.prothomalo.com
^Just a few from thousands of such examples. Explains the jobless growth in Bangladesh where youth unemployment was peaking every year.
Anyone understanding ECON 101 would know that this economic growth is not just unsustainable but also pushing the country towards an inevitable default. One external shock and it's game over!
And the shock finally came with COVID and the Ukraine war. That's when all the banks started getting looted and money getting syphoned out of the country because those in power knew what was coming!
Trust on the financial system was at its lowest - people were recommending each other to withdraw their money from banks while expatriates were increasingly avoiding banking channels to send money. Foreign reserves, as expected, began depleting.
Now I don't expect Hasina to know and predict all this stuff, which is fine. What I expected, however, was that she would at least know who should be delegated what - this is a basic leadership quality which she lacked entirely. People with crooked background were installed everywhere, some say many of them were apppointed under India's direction. Bangladesh was effectively a kleptocracy with no future under Hasina.
Whatever benifits of doubts you could give to Hasina, in 2024 it was all clear that she was willing to stoop to the lowest to stay in power, be that by selling the country's sovereignty to India or by killing thousands of her own citizens.
Bangladesh under Yunus is surely not perfect but the way he has held the country together is almost like a miracle. I was honestly expecting a Libya-like situation given the massive disinformation campaign coming from India and Awami League's desperate efforts to destabilize the country. The thing I have found the most remarkable is that unlike before, people are now hopeful and confident about the country's future.
There was high GDP growth during Hasina true but it was mostly due to exorbitant government spending on misplanned projects and that too with borrowed money and rising foreign debt.
Tk335cr Unused Rail Line for Rooppur Plant Sparks Concern | GreenWatchBD
A Tk335 crore rail line, built for the transportation of cargo to Bangladesh's first nuclear power plant in Rooppur, Pabna, has remained idle since its completion ...
greenwatchbd.com
Railway station constructed at exorbitant cost
The railway has built a station in Kaliakair of Gazipur at a cost of nearly Tk 580 million with an expectation that more than 10,000 passengers would travel daily between the Gazipur industrial area, Dhaka, and northern Bengal. But an average of only 47 passengers has used the station daily in...
en.prothomalo.com
^Just a few from thousands of such examples. Explains the jobless growth in Bangladesh where youth unemployment was peaking every year.
Anyone understanding ECON 101 would know that this economic growth is not just unsustainable but also pushing the country towards an inevitable default. One external shock and it's game over!
And the shock finally came with COVID and the Ukraine war. That's when all the banks started getting looted and money getting syphoned out of the country because those in power knew what was coming!
Trust on the financial system was at its lowest - people were recommending each other to withdraw their money from banks while expatriates were increasingly avoiding banking channels to send money. Foreign reserves, as expected, began depleting.
Now I don't expect Hasina to know and predict all this stuff, which is fine. What I expected, however, was that she would at least know who should be delegated what - this is a basic leadership quality which she lacked entirely. People with crooked background were installed everywhere, some say many of them were apppointed under India's direction. Bangladesh was effectively a kleptocracy with no future under Hasina.
Whatever benifits of doubts you could give to Hasina, in 2024 it was all clear that she was willing to stoop to the lowest to stay in power, be that by selling the country's sovereignty to India or by killing thousands of her own citizens.
Bangladesh under Yunus is surely not perfect but the way he has held the country together is almost like a miracle. I was honestly expecting a Libya-like situation given the massive disinformation campaign coming from India and Awami League's desperate efforts to destabilize the country. The thing I have found the most remarkable is that unlike before, people are now hopeful and confident about the country's future.
