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The Intelligence from The Economist

Growth and stagnation: Bangladesh’s first 50 years

The Intelligence from The Economist

The Economist

Global News, Daily News, News

4.53.7K Ratings

🗓️ 26 March 2021

⏱️ ? 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.

0:09.2

Every weekday we provide a fresh perspective on the events shaping your world.

0:17.6

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

0:24.4

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

0:28.2

of happiness. We examine data showing that it hasn't. And just as soon as a

0:33.8

container ship got stuck in the Suez Canal, supply chains the world over started to creak.

0:39.3

Now it seems weeks may be required to get it on the move again. We look at a blockage in a narrow

0:44.7

artery of the global shipping system. But first, today marks 50 years of Bangladeshi independence.

1:03.2

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

1:09.6

fought a brutal war to retain it. The fighting has obviously been fierce, the shell holes which

1:14.9

spat at the fields in the area are evidence of that. It was a conflict that may have cost as many

1:20.5

as three million lives. Millions more fled to India or were internally displaced,

1:26.4

drawing the world's attention to what would later be called a genocide.

1:30.7

Every day upwards of 100,000 refugees are making the long journey back from India to Bangladesh.

1:36.7

For many, it's a journey to heartbreak. Devastating as the war of independence was,

1:42.8

in some ways it set Bangladesh on the path to success, as expatriates flooded back to repair

1:48.6

their broken homeland. By many measures, they succeeded, but the economic gains Bangladesh has made

1:55.0

have not been matched by the development of a healthy open democracy. Bangladesh is not quite

2:00.9

leapt from rags to riches in one generation, but it has come a long way in the last half a century.

2:07.2

Susanna Savage writes about Bangladesh for the economist.

2:13.3

Walking around Dacca now, it's really, really busy. It's full of people, you hear

2:19.4

rickshaws and cars. Buses are everywhere, there's a lot of traffic, a lot of fancy cars on the road

...

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