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Economist Podcasts

Growth and stagnation: Bangladesh’s first 50 years

Economist Podcasts

The Economist

News & Politics, News

4.35K Ratings

🗓️ 26 March 2021

⏱️ 21 minutes

🧾️ Download transcript

Summary

The country has empowered its women, established itself as a garment-industry powerhouse and vastly improved public health—but its politics remains troubled. The pandemic has not reduced average global happiness, but rather reshaped it: the old are more content and the young less so. And a look at the staggering costs of the Suez Canal blockage. For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer

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Transcript

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0:00.0

Hello and welcome to the Intelligence on Economist Radio. I'm your host, Jason Palmer. Every weekday, we provide a fresh perspective on the events shaping your world.

0:17.1

We talk a lot on the show about unhappy situations, wars, famines, oppression and protests.

0:23.6

You might think that the pandemic would have been an enormous hit to the global average of happiness.

0:28.6

We examine data showing that it hasn't.

0:31.6

And just as soon as a container ship got stuck in the Suez Canal, supply chains the world over started

0:38.3

to creek.

0:39.3

Now it seems weeks may be required to get it on the move again.

0:42.3

We look at a blockage in a narrow artery of the global shipping system. But first...

0:56.0

Today marks 50 years of Bangladeshi independence.

1:03.1

What was East Pakistan declared itself a new country in 1971, as what was left of Pakistan

1:09.4

fought a brutal war to retain it. The fighting has obviously

1:12.7

been fierce. The shell holes which spatter the fields in the area are evidence of that.

1:18.3

It was a conflict that may have cost as many as three million lives. Millions more fled to India

1:24.4

or were internally displaced, drawing the world's attention to what would later

1:28.4

be called a genocide. Every day, upwards of 100,000 refugees are making the long journey

1:34.9

back from India to Bangladesh. For many, it's a journey to heartbreak. Devastating as the war

1:41.6

of independence was, in some ways it set Bangladesh on the path to success

1:46.1

as expatriates flooded back to repair their broken homeland. By many measures, they succeeded,

1:52.8

but the economic gains Bangladesh has made have not been matched by the development of a healthy

1:57.6

open democracy. Bangladesh is not quite leapt from rags to riches in one generation,

2:03.6

but it has come a long way in the last half a century.

2:06.6

Susanna Savage writes about Bangladesh for the economist.

...

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