Bangladesh has been named The Economist’s Country of the Year for “overthrowing a dictator” and “making progress toward a more liberal government.” However, this recognition seems out of touch with reality. The removal of Sheikh Hasina’s regime has plunged Bangladesh into chaos, leaving the nation far from achieving economic stability. Additionally, The Economist’s past selections for Country of the Year have often led to complete failures.
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Why The Economist Selected Bangladesh as Country of the Year
“The Economist explained that the award doesn’t go to the richest, happiest, or most virtuous country, but to the one that has made the most progress over the past year.” As usual, five countries were shortlisted. Syria was a late addition following the fall of the Bashar al-Assad regime, the London-based publication noted, ultimately naming it the runner-up. The other contenders included Argentina, South Africa, and Poland. The Economist’s preference for regime changes and what it considers “liberal” reforms is clearly evident.
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GDP figures and future projections are steadily declining
The economic situation, about which even the International Monetary Fund (IMF) and experts have expressed concern, is another big reason. This country is staring at a catastrophic economic crisis following the violent regime change in August. And risks plunging into an economic crisis in the coming days if the government fails to swiftly accelerate public and private investments, analysts told United News.
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