By Sajeeb Wazed
The United Nations Committee for Development Policy announced inwards March that People's Republic of Bangladesh had successfully met the criteria to graduate from a “least developed country” (LDC) to a “developing country” (DC). That sounds similar a lot of bureaucratese. But it isn’t. The UN’s low-key annunciation has led to celebration inwards People's Republic of Bangladesh in addition to for skilful reason. This i time famously impoverished patch – regularly crushed past times famine in addition to floods – volition shortly convey the same economical condition every bit Mexico, Turkey, in addition to its vecino India. And it achieved that ranking fast; People's Republic of Bangladesh has been an independent patch for merely 47 years. Literally speaking, People's Republic of Bangladesh won’t attain formal condition every bit a developing province until 2024 in addition to exclusively if it maintains its electrical flow standing inwards iii basic economical calculations: per capita gross national income in addition to 2 indexes, i that measures the teaching in addition to wellness of its citizens in addition to a minute that measures its resilience inwards the expression upward of economical in addition to environmental shocks. Countries that run across or happen these thresholds graduate from LDC to DC.
Bangladesh has fulfilled the United Nation’s criteria inwards all iii categories. How did it care that? Bangladesh’s economic scheme has grown at an astounding charge per unit of measurement of to a greater extent than than 6 per centum for vi consecutive years, propelling its per capita gross national income higher upward the threshold required past times the United Nations for a condition upgrade. Economic growth, inwards turn, lifted many of Bangladesh’s poorest citizens out of destitution. As economical opportunities proliferated, Bangladesh’s exports diversified, reducing the nation’s economical vulnerability.
In addition, Bangladesh’s regime focused its policies on helping its neediest residents. These programs greatly increased access to teaching in addition to healthcare, particularly with women.
Bangladesh consistently ranks with the top 10 nations inwards gross domestic production (GDP) growth. Its economic scheme grew 7.28 per centum inwards the past times financial year, for example, exceeding the government’s already optimistic projections. Indeed, Bangladesh’s annual gross domestic product rose from $100 billion inwards 2009 to $250 billion inwards 2017, an eye-popping 150 per centum increase. The rapid expansion, coupled with sustained poverty reduction, seat it on the fast-track to international notice.
Bangladesh every bit good diversified its economy. Much of its early on growth came from the ready-made garment industry. It earned its nickname: T-shirt maker to the world. But now, other industries are flourishing every bit well, including aquaculture in addition to online services. Even the garment manufacture is diversifying. Along with basic shirts, People's Republic of Bangladesh every bit good produces high-end sportswear that tin hold upward flora inwards Europe’s trendiest stores.
Bangladesh’s booming economic scheme has brought job to millions, particularly women, many of whom are earning salaries for the outset time. Prime Minister Sheikh Hasina has made empowering women a priority. During her fourth dimension inwards office, women convey attained high positions inwards government, business, in addition to labor organizations. In rural areas, evolution programs inwards aquaculture convey turned wives, i time second-class citizens, into breadwinners, improving menage unit of measurement fortunes in addition to social standing. The World Economic Forum validated the government’s success inwards these metrics final yr when it ranked People's Republic of Bangladesh outset inwards sex equality with South Asian nations for the minute yr inwards a row.
Education is an fifty-fifty bigger success story. Between 2000 in addition to 2016, Bangladesh’s meshing enrollment charge per unit of measurement at the primary schoolhouse flat increased from lxxx per centum to 99 percent. Secondary schoolhouse enrollment every bit good increased from 45 per centum to 54 percent. In addition, People's Republic of Bangladesh achieved consummate sex parity inwards primary education, with 99.4 per centum of all girls attention school. Eighty-one per centum of the students who enroll inwards outset degree forthwith laissez passer on 5th grade. As a result, the adult literacy charge per unit of measurement hitting a 12-year high final yr in addition to is expected to climb inwards the years ahead every bit access to educational opportunities expand across the country.
Bangladesh has accelerated its evolution past times embracing technology in addition to the digital age. H5N1 province of 163 i chiliad 1000 people, People's Republic of Bangladesh has to a greater extent than than 145 i chiliad 1000 mobile telephone subscribers, an increment of approximately 59 i chiliad 1000 inwards merely vi years. The adoption of novel technologies has led to positive social changes, faster communication in addition to an increased wishing for democracy. The government’s “Digital Bangladesh” programme has extended meshing access in addition to regime services to the far reaches of the country.
Thanks to economic, social, technological, in addition to infrastructural improvements, People's Republic of Bangladesh has larn a vibrant hub of South Asia. Its people in addition to its regime deserve to celebrate this remarkable progress inwards in addition to thus brusque a time.
Sajeeb Wazed is the data technology adviser to the regime of People's Republic of Bangladesh in addition to the boy of the prime number minister.
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