Bangladesh Could Become Asia's Strongest Economy
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- čas přidán 19. 05. 2024
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Bangladesh has a troubled past, but it has been in a great position to grow dramatically in much the same way that its neighbour China has done in the recent past. Bangladesh is still a highly labour intensive market which makes it a great place to get T-shirts made, but a number of factors have made it painfully slow to develop beyond that. Could Bangladesh change things to become the next China?
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Please make a new video on India
@@priyankatripathi7100scam
As long as india is Bangladesh's next door neighbour there's little hope for Bangladesh or any country to achieve development let alone developed nation. india is like para.site & a bottom les mafiiaa basket which rob,looot, buIIy it's neighbours & steal other peoples wealth. .. how many people knows there are 50 miIIon iIIegaII indians workiing in Bangladesh which makes Bangladesh their(india's) Iargest remiitancee sender. but indians will always cry about how other nationals are coming to their fakiira country india which has no TOlLET. .. Whenever Bengal Subah/Bengal suItanate or MughaI Bengal were fighting to the european invaders the hidu petty kingdom (like shiibazi & like modi right now) would betray the native people & fight/work for those europeans invaders like shibazi did for the britisherrs against the mughals. .. shibazi & Jagat Seth(money lender) is the single reason for the demise of the wealthiest kingdom on earth the Bengal to fall to east india company. .. irony is still those hiduus didn't get the listen. . now [resent day shibazii is modii, amit shah, &YUGI gong & the present day jagath sheth is ADANl. .. Bangladesh will once again retain it's old glory back after current bangladesh iIIegaII government awmi leg & shek hasna fall & when Bangladesh cuts/disintegrate india into pieces. ... Banladesh claims her integarl part West Bengla, Orisha, Bihar, Jharkhand & ANDAMAN & NlCOBAR lLANDS which are currently iIIegaIIY occupied by coIonian lndia.
so according to you at 0:27 UN least developed list bangladesh is there but pakistan is not. quite fascinating data
or you just not happy by the election result in bangladesh
youtube is best narrative building tool these days
Bangladeshi here. In simple words, too much corruption, our country maybe getting rich but most money goes to only a small minority on the top.
A common trend seen amongst all the rapidly developing economies imo
You're still better. Look at Pakistan, sometimes I laugh when I compare my two neighbours
@@ShivanshuTyagi72981 Pajeet spotted
@@ShivanshuTyagi72981 Love eating beef!
@@NadidLinchestein so what? When you don't have wheat what else option is left. Glad that you haven't become cannibals, tho there's not much time left in that.
As a Malaysian who works with many migrant Bangladeshi construction workers. They're the most resourceful, smart, industrious, and hardest-working people I know.
Sadly, Bangladeshi government has prevented many of them from getting the right schooling and opportunities because I know they could easily go very far in life.
Thanks
I know Malaysia is good for Bangladeshis
Thanks bro As Bangladishis we love Malaysia a lot ❤
i know veyr malays prefer bangladeshis more over other south asians
tamils are treated bad there
bangladeshis not only suceeed but marry local ppoipilation
plus many bangladeshis look malays
Thanks bro I love Malaysia .
no one goes to Malaysia to marry local population. They are working hard to earn for their family.Some incident are highlighted by indonesia people. Though indonesia itself means indian island and many indians live in indonesia too.And in Malaysia taamils are treated very well. They are citizens of Malaysia. It's true there are a lot of tamil and other ethnic group in Malaysia and indonesia.
"lots of people died" is a very hand wavey way of describing a genocide
Israel entered the chat.
@@yungunit8299 Arab invasions left the chat💀
CZcams doesn't like the G word.
@@somethinglikethat2176 ah makes sense
@@ShivanshuTyagi72981Of course a radicalised pajeeet
I know talking about genocide would get the video demonitized, but that is genuinely one of the reasons. 1971 marked a brutal killing of the intellectual class of the country along with the educated and the minorities. It's a miracle Bangladesh isn't a failed state (like Pakistan)
it is an economics channel, don't get political Indian.
@@FahadKhan-cz6cdlearn to be respectful Kanglu, we decide if whether or not the water that you drink is contaminated with radiation and chemicals that would make the Germans baulk in their 1917 war-rooms.
@@FahadKhan-cz6cdblud thinks politics and economics are independent of each other💀💀
@@mizurily yes, in this case there is no relation with economics
@@FahadKhan-cz6cd if you think war and politics don’t impact your country’s economic outlook,then I can’t say anything further without sounding rude. Peace ☮️
I'm not sure someone thought Bangladesh would be a new China
unfortunately these silly headlines feed the algorithm
Nobody thought that, never.
The new Atlantis maybe.
It was in terms of textile production or even manufacturing
@@FrickFrack No Lemuria. Full of lemurs.
As a Bangladeshi, I agree somewhat with this video. We have done way more than what was expected of us. We are a model nation of how to get out of abject poverty. But there is a long way to go if we want to compete with the big boys. What I disagree is that this video paints a very grim picture. Its not that bad. Also, we did not seperate from Pakistan because of a cyclone, we separated because of genocide by the Pakistani Punjabis.
"It's not that bad."
It's getting that bad.
*army* the punjabi people didn't support it.
Bangladesh is a very small country with less land and resources and still it has brought up millions out of poverty is a matter of applause but I don't Bangladesh can compete with whatever big boys you're saying
@@YourFuhrer1933 if Korea can compete with big boys. So can Bangladesh, 1st we Bangladeshi believe in ourselves. The size of a country doesn't matter anymore, Singapore is a great example of that. anyway if we can take the right policy only Bangladesh can shine on the global stage.
@@arafatislam2611 Wish good for you, but south korea and Bangladesh are poles apart🤷
Too small. There you go, saved you 13 minutes.
still gonna watch it anyway cause i got nothing else to do lol
Well, Vietnam, Cambodia are too small too, how're they strong economic forces anyhow? And by the way, Bangladesh's population is more than half of USA's population. More than any European nation.
That didn't stop Vietnam and Singapore
Wrong answer
Lol
as a Bangladeshi who has been following this channel since its
the thing is as n Indian I think bangladesh is way underrated. people hardly make videos about Bangladesh.
@@anandsuralkar2947You love bangladesh right?
Could you please tell the few key issues that weren't covered?
@@zwagig1761 I second this, tell us what were the few key issues left out, OP.
As a Bangladeshi, literally no one here expects Bangladesh to be the "next China." We do, however, like to compare ourselves with Thailand, Malaysia, Vietnam, Indonesia, Singapore etc
Yes, learning from SE Asia is BD's best shot.
As a regular viewer of EE and as a 21 year old Bangladeshi I confirm that, a lot of young people have given up the hope that we're going to see a real change in our lifetime, seeing the shear amount of corruption, pollution and chaos around us, most of the university students just want to leave this country anyhow by getting a scholarship abroad after undergraduate. And there's no doubt that we've been lied to about the growth vs inflation, the average Bangladeshi has to do very difficult maths when shopping for something as necessary as daily groceries now, and It's not an exaggeration, practically any Bangladeshi can relate.
Well, I would just like to point out that abroad countries are also not having a fun time with inflation as the global pandemic is still affecting our world economy. Bd ain’t the only victim the whole world is. So it’s the mindset of the people of our country that we are the only ones who are bad, but trust me the outside world isn’t any better
Well changes will come violently or Peacefully
True
Inflation is happening worldwide
the country is improving and on the right track. corruption wont be solved overnight, its a cultural issue. as the economy grows and a new culture is ingrained corruption will end. all countries have corruption, but the west likes to act like its morally superior to countries like Bangladesh.
As an Indian, I really want my neighbour to develop. A developed South Asia will look very beautiful.
How bout pakistan? 😂
Everyone deserves a developed nation@@ronaldom2239
@@ashikulislamprottay9429 The current govt is the reason India is the fastest growing economy in the world and this time people will make sure it gets re-elected with an even greater majority vote.
BJP is lil authoritarian, but that's exactly what you need for development.
Be it Korea, China, Vietnam, etc@@ashikulislamprottay9429
@@ashikulislamprottay9429Nah, we Indians have it good with the best government since independence. Worry about your own country that the fundamentalist opposition doesn’t get power and turn Bangladesh into the new Pakistan.
Last time I was this early, China was projected to economically overtake The US
Nominal maybe
It will
it had ready
@@arafatrahmanshihab5268😂🤣
Is still is
Love,respect and best wishes to Bangladeshi brothers from Indian brothers. 🇮🇳❤️🇧🇩
What?
Thanks brother 🇮🇳🇧🇩
Thats wierd
Isn’t the national leaderboard getting too crowded with US states? I mean, they aren’t nations.
As an American, it can be explained simply. 🇺🇸🦅💥
For my those less cultured they act similar to nations than other dependencies in other countries. Compare the sizes of economies, area, and population and top individual states compete with nations. They all have laws, flags, and their own governments as well.
he had already mentioned in those videos that starting a separate state/province/municipality leadership board would just muddle the water even more.
The national leaderboard thinks Bangladesh's economy is almost as good as Australia's. While Australia is far from perfect this does illustrate that the score system is a bit ridiculous anyway. Why not add to that ridiculousness but throwing in all sorts of other entities?
@@malachiworrells4404Every federation does that 💀 that's not unique to the USA
@@malachiworrells4404wait until he starts adding Chinese provinces the US states will fall down. I can see Beijing, Shanghai, Shenzhen, Hongkong on top
Something that I would say was overlooked here was about geography (I am from Canada so I don't know that much about other aspects of the country). Bangladesh looks like it has loads of natural harbours and really good water access. It is central to the population of the planet with China, India, SE Asia, Indonesia all nearby. So rather than taking resources up a river like the Mississippi, St Lawrence, Yellow or Yangtze, it would always be much easier to go and deliver raw materials to the Bangladesh coast, manufacture it there and then ship it out to the world. If it works for t-shirts, it can work for cars, ships, and every manufactured good. Lowering shipping costs is key to so many industries and Bangladesh is in a prime position to capitalize on that. They also have the man power to boot. It looks like a country full of great potential to me
India diverted most rivers
Most rivers are dried up
And not navigable by boat
@@Sirajmahir Half of BD gets into water in mansoon
@@riderchallenge4250
Yeah when india open the dams
They divert water in summer & winter
And then relese the dam in Monsoon
@@Sirajmahir lol you guys cry when we build dams to stop floods
@@riderchallenge4250
U are not building dams to stop flooding You are diverting water aka stealing inshort
Which is a violation of UN charter
Tho I dont think indians are smart enough to understand this
An economically prosperous and politically stable Bangladesh will be a blessing for India as we would have a sizeable market to export our goods and services while having a stable country in our neighborhood which is quite rare for us .
And a stable integration economies of both would be beneficial for both.
Another reason why it’s good for India is that a prosperous and stable Bangladesh means less Bangladeshi immigrants coming to India.
@@bonchitogovindodas3333yes ! If Pakistan would have understand this ! Then while south Asia would have been prosperous ! Oil and gas pipeline would have come to India Pakistan Bangladesh via Iran and Turkmenistan 😢 and cheaper energy would have make south Asia competitive market ! And so on ! Cheap energy automatically would have elevated poor
what would India export? if anything India would be importing from Bangadesh..
@@PresidentEvil we import textile's from Bangladesh ! Fast fashion is trend now a days India itself not able to complete its own market demand ! We mostly give priority to Bangladesh textile's its win win !! And also some agriculture products !from there ! When India grows all south Asia grows forget to add vehicles which includes cars bikes and e-rickshaw (tuktuk) or normal one !
0:32 I dont think south east asia considers Bangladesh as part of it. Since it is a country found by breaking off from pakistan/india, it is generally considered a south asian country
It is a South Asian country culturally as well
@@ShivanshuTyagi72981 Yeah, I didn't dare to claim that since south east asia doesnt have a distinct unifying culture. Being from SEA, I didnt want to overreach and make the cultural claim too since I dont have the best insight into that
@@jorsinz5570 I mean like the Bengali clothing, language, rituals match South Asia. Also these is a state named Bengal in India.
east south asia then
@@ShivanshuTyagi72981SEA is culturally Indian as well. It is just a stupid grouping with no standing🥱
The main problem in Bangladesh is corruption and political pressure. If we can clean our act we will definitely be a developed country. Love from Bangladesh.
I think Bangladeshis need to understand the idea of democracy inside out before it can get a foothold here. Most people think that democracy is all about election, whereas electing a leader is a mere part of democracy, and there is more to it
That's the problem all over the world but here in Bangladesh it is in Astronomical level
@@_aidid real development of bangladesh will begin when they stop taking lessons from the west that 'democracy' is the best virtue. none of the developed western countries, and even eastern countries, developed using democracy.
every single one of them were either imperial powers or authoritarian military governments and used those paradigms (and colonial resource extraction) to develop their own countries. it's only _after_ achieving high development, they slowly transitioned to democracy (some didn't even do it properly, only on the surface).
but now they force democracy and 'freedom' to underdeveloped countries because they know it's the most manipulatable and exploitable system for their own corporate and political class. the losers are the ordinary bangladeshis, and increasingly in recent times, also the ordinary people of western countries!
@@the80386 People who do not understand democracy obviously can not practice it either
@@the80386 Right. Most of them who shout out for democracy online lack the knowledge of democracy as a political philosophy
My teacher once said, "if Bangladeshi people stop being so involved in politics and stop corruption then no one can stop Bangladesh not even USA"
Maybe the "Not even USA" part is an exaggeration, but.... If we do stop corruption we will be flying
Where are you from?
@@rasel4992 Bangladesh ofc 🙂 :)
Even US empire is corrupt but you don't know it.😂
Funny how Economics Explained forgot to mention operation searchlight.
Because it's got absolutely nothing to do with economics.
@@turinturambar9202Killing off the entire educated population of a country absolutely has to do with economics. You think the USA would be as successful if all their teachers and college kids died 70 years ago?
@@TheRatOnFire_ Guessing - yes. I mean in Eastern Europe there was a joint effort of both totalitarian regimes to exterminate local intelligentsia, while those countries are right now operational.
@@TheRatOnFire_ As the US always attracts highly intelligent immigrants, yes they would.
@@KeyserSoze23highly intelligent people wouldn’t have the desire to move to a place where highly intelligent people are killed.
I never understand why people claim the westminster legal system is somehow better then other systems. There is a reason why very few countries outside of the former colonies have adopted such a system as it tends towards deadlock, antagonism and seperatism.
The one reason for Bangladesh to be a big in garment manufacturing is also linked to rich history of textile weaver since 17th century
thanks for explaining the real scenario.
Love from Bangladesh 🇧🇩❤️
Loved the analysis. Thanks for reviewing Bangladesh
From a Bangladeshi- Corruption, orligarchy and business syndicate not letting this to happen. Ever present international conspiracies and the recent geopolitical tension adds up to that.
Can you discuss/explore the pros and cons of remittances in developing economies? The benefits are generally speaking obvious but the down sides can be a big burden on an economy on the long term
Edit: Especially in developing economies where remittances are a considerable percentage of GDP
Holy cow you made a video about my country!! As a fan for half a decade thank you!
Absolutely nobody ever thought Bangladesh would be the next china……
But they can
@@hasinabegum1038 inshallah we will
This dumb channel thought every country would be the next China😅😅😅😅
@@AbdulMalek-mrmm Not gonna happen, just by the fact that China has more people and land.
Huge potential country with lots of hardworking people. Swear if there was no deep rooted corruption already would have gone another level.
Oh! Oh! Those beautiful boats! 7:52. Surely there is an export market for those.
those are more of a novelty thing. Most beaches around the world use jet skis, yachts for crushing in the sea. So no there is no market for them outside the SA region.
Bangladesh exports different kinds of ship in some country. some EU country buy ship from Bangladesh
Actually you can make garments with modern machines quite efficiently, Bangladesh has subsidised labour but old-fashioned equipment, stuffed into unsafe buildings.
Bangladesh isn’t the 35th largest economy but the 33rd largest economy in the world 2024 by 460.2 Billion USD Nominal GDP. And at the end of 2024 Bangladesh’s Nominal GDP will be 485.51 Billion USD and it will be the 30th largest economy in the world. Source from IMF and World Bank.
History potion needs more polish.
Overall as an economist, good video.
A correction to the history section. India was not fighting Pakistan at the same time as Bangladeshi liberation war. India joined the war in support of Bangladesh. They are the same war. India was supporting it and helped Bangladesh from the start, later joined it when Pakistan also declared on them too.
As a Bangladeshi I'm very excited to watch this video 🫠🫠🫠
Forever in our shadows... banga bangus are nothing in front of us.
@@-doctor_jiwhat?
@@-doctor_ji😂
@@-doctor_ji lol he will shout alla hu Akbar then 💥 if you tease him :)
@@-doctor_jirandian 🅱️indu 🤡
As Bangladeshi, I'm impressed with your analysis, good and critical points are hinted at! I'm optimistic about our economy but incredulity still lurks! I hope our government will work on the pointed issues! ❤
Corruption is the worst factor limiting the progress of Bangladesh. The country needs to set up an advanced education system with a focus on critical thinking, the political arena must be lifted out of this rut to promote democracy and the people should be more patient alongside hard-working
When you have a neighbour country like india then it’s actually really harder to develop as much as it seems
Cry kanglu cope hard😂
I can summarise the whole video with few words: corruption, autocracy, oligarchy
You forgot Radicals.
@@ViikRumYou Don't know anything about Bangladesh
@@hasinabegum1038these Indians understand nothing but religion.
@@hasinabegum1038 there are 100s of papers and articles of Bangladesh’s radicalisation. If it wasn’t for Ms. Haseena Sheikh, BD would be at same level of Pakistan’s terr*rist safe haven.
@@hasinabegum1038 facts lol
I am glad to see so many foreigners documenting my country
Either negative or positive it defines my country. 🇧🇩❤️
As a Bangladeshi, I'd love to see more videos related to Bangladesh in the future. Maybe more in-depth analysis of the different specific parts of its economy. And as always, love watching all your videos ❤.
there is nothing more to say until we develop more tech heavy industries - get it?
@@CosmopolitanCaliph there things other than tech. Like ship building, pharmaceutical, regional connectivity (between Nepal, Bhutan, India), energy, and tech (obvious). All of them are high value industries, which BD has, but not at an international scale. Maybe there could be discussions on how to fix them, or make them better. Not to mention BD is still a huge market, with the 8th largest population in the world.
This is the only country where bank robbers live under government protection. 😂
Not the only one
Hey, you must have missed the "pandemic".
I wonder if you know a book of Artur Grandi about a unique formula, that he created and it's really transformative instrument for whole world views on how to earn finances!
This book has zero reviews....
Really love your videos explaining economies in different countries, please make a video about Malaysia's economy, would be curious to know your thoughts and where it lies on the Economics Explained Leaderboard 🙏
The key for Bangladesh is education. If they can produce well educated, english speaking workers, they can go overseas to upskill, later bringing these skills home and paving the way for higher value added industry..
No idiot will come back with skills. Much better to stay in the foreign country
I'm sure every country wants to transition to a capital intensive economy, but is that even possible? What would happen to labour intensive industries if that was to actually happen?
Watching this video from Manila and thinking that, like Bangladesh, the Philippines really has a long way to go before it is living up to its potential. An English-speaking country with access to much of Asia, yet still relies heavily on OFWs (overseas foreign workers) to keep its economy afloat.
Someday, the Philippines will live up to its potential, but not today.
Instead of leaving Philippines should give chance to its country ! And should heavily advertise for tourism
@@svanimation8969 No plans to leave. I'm here for the long haul. We have already purchased our apartment in Manila and we aren't going anywhere.
Regarding 3:40
When talking about "life expectancy" it might be an idea to talk about the inefficiencies of the metric towards singular events, like natural desaster and short wars.
In my humble opinion "life expectancy" is trying to measure the long-term quality of life. Singular type of events like the aformentioned don't seemt to fit this category very well, unless it's long term and recurring.
You see this by the "life expectancy" goint smoothly back to the trend it was on before 1970, so the dip doesn't tell you much about the quality of life (which seems to have been unchanged afterwards), but the age and amount of people dying from that specific event.
Might be an unnecessary overcomplicationg for the viewership though, as the metric is a statistically interesting approximation, due to the difficulties in measuring it.
I think most transparent and exact explanation of Bangladesh's economic situation
Bangladesh really should focus to Improve their infrastucture first.
Uhhh... how could anyone possibly think Bangladesh could become the next China? The population is just over 150 million all squeezed in on a tiny piece of land the size of Scotland. Most Bangladeshis want to leave Bangladesh to reduce the overcrowding and demand for resources
their religion will not allow them to keep population in control
ikr politics bs
Even the Chinese used to leave China to migrate to other countries, now look at how far they've come, similar thing will happen with Bangladesh, every country has a starting point and a struggle, from which they develop and advance into the future. Also, Bangladesh is twice the size of Scotland
ABOUT TIME
THANKS
Finally, Bangladesh video. Took ya long enough! @economics explained
ঠিক বলছেন
@@val-schaeffer1117 My forefathers were alivardi khan, isaa khan, musa khan, nawab shamsuddin ilyas shah, ibrahin khan, shaista khan and many more. Now shut up and get outa here
How can Bangladesh integrate into the West Bengal, Assam and Indian economy more? And use Bombay (Mumbai) to generate a lot of CAPEX for Bangaldesh?
How can Bangladesh sharply improve her K-12 education system?
How can Bangladesh greatly expand BPO services, tech services, tech manufacturing beyond pharma (where Bangladesh is making good progress)?
Never
@@_heyo_harshita Why never?
@@AnAn___ The only Barrier between Sharia and constitution is haseena , hasina gone bangladesh ⏬⏬
@@_heyo_harshita I am a huge fan of Sheikh Hasina. Joy Bangla!
Can Sheikh Hasina save Bangladesh?
@@AnAn___bangladeshi extremists won't let her
Thank you for using correct Indian map u earned a sub!!
Hi EE team,
with all your expertise, can you make a video about the new currency in Zimbabwe (ZIG) and what to expect from it?
Even after reading up on it, it seems to get more interesting with each article, but I can't make much sense of it - especially the "gold backed" part...
That would be great! ❤
I'd really like to watch some videos on regions, like South Asia, East Africa, Eastern Europe, where you explain the region's economy as a whole, rather than a single country. It might be fun to watch, and see how countries within a region differ from one another.
The history lesson was very charitable to Pakistan. West Pakistan effectively sponsored a genocide during its occupation of East Pakistan and its war for independence.
In attempting to break the Bengali desire for independence, Pakistan murdered hundreds of thousands and displaced tens of millions, targeting the most educated and productive citizens of Bangladesh. Effectively, Bangladesh started not with a "Brain Drain", but a "Brain Murder" that made it very difficult for it to develop after independence.
Bro what does your chart even mean? How do we use it or interpret it? Help us see its value
7:50-7:59
Those boats are lovely.
So according to this list Bangladesh is equal to Mexico and a couple of clicks above UAE and Liechtenstein. Seems sus to me.
Its economy has tripled in 10 years, so the growth rate is what gives it a lot of points. It doesn't mean it has a higher GDP, that's just one aspect 😉
Yes it actually is, don't cry.
@@user-jt3dw6vv4x I am so emotionally troubled by this. My therapist tells me to calm down but it's sooo hard.😟
The Thumbnail of the Video Itself is shows how far Bangladesh has come.
Henry Kissinger called Bangladesh a Basket case and UK diplomats told to Negotiate with Pakistan after independence.
Fast Forward To 50 years We already far more ahead of Pakistan and Also giving India a stiff competition.
None the less Bangladesh still a long way to go.
Bravo. Go ahead. Love from India
Congrats! Hope our region goes way ahead. Love from India
Love from india mate, but i do not think bangladesh is goving stiff competition, no less any competition to india in anyway. India is simply......better in all the ways. Maybe in the future, but not anytime soon.
@@rickgolder6818 he meant in per capita terms
@@rickgolder6818 I think You should Check Some facts. Bangladesh has higher purchase parity than india and also poverty rate and unemployment rate lower than india.
Really interesting!
May I ask if you'd like to make a video on Hungary in a similar fashin too?
I was expecting great things from this video, but was disappointed...
Fact is the country is still plagued with corruption, inefficient government and lack of diversification in the economy.
The queue to leave Bangladesh is about 10 miles long. That says it all.
Yes, lol. Bangaleshis were fighting for Independence cause of a cyclone and not a repressive regime committing a genocide.
This shows how much effort you put in your videos.
This guy should stick to economics 101 concepts and not topics that require geopolitical analysis
The aftermath of cyclone exacerbated the rage among East Pakistani Bengalis against the repressive West Pakistani rulers
This guy is a fool
@@YourFuhrer1933Yeah. His videos are not much deep and it doesn't really give deep insights
4:05
You used quite an interesting image as illustration. This is part of the 2K11 KRUG / SA-4 which never was exported outside the Warsaw Pact countries.
Well, our geopgraphical, agricultural resources are good perks too, going into wastage because of many factors. I think they deserved to be in the video.
9:30 Its crazy how Bangladesh surpassed Vietnam in GDP and Gross Capital formation in 2015 while its goods export were and are 8-9 times smaller than Vietnam. Plus their electricity consumption and oil consumption is less than half of India, car sales in 2023 were only 50k compared to India which is 8.2 times bigger, but recorded a sales of 4.1M cars. But it has a higher nominal GDP per capita than India!
Vietnam's exports are mostly rebranded Chinese products. Look at value-addition. Bangladesh and Vietnam are almost the same.
Even Sri Lanka, being an upper middle income economy, historically had a higher Gdp per capita than India. But look at the bakrupt state it is in now
PCI is worthless if you don't have good ECI.
India's per capita is now more then Bangladesh marginally India slipped during covid Bangladesh has a huge population which can led to more consumption which eventually helped it cross Vietnam.
@@gauravdas6741Watch the data of Q2 where Bangladesh's gdp per capita is higher than India! Btw Bangladesh took the lead in gdp per capita from 2020 & till now higher than India
Right now Bangladesh is lower than Vietnam in both total GDP and GDP per capita.
Bagladesh is focused on giving India gifts then improving itself
Good informative video!
Bangladesh definitely has the potential to be an economic powerhouse, but replicating China's exact path might be tricky. The cheap labor advantage in garments is a strength, but diversification into higher-value industries seems crucial for long-term growth. I'm curious to see how Bangladesh tackles infrastructure and education challenges to truly compete on a global scale.
Great video, but the fact that Bangladesh is even being talked about, is a massive plus point. By no means is the country perfect, but if the country can tackle radicalism head on, the country is sure to grow.
do Nepal pls
Yes
Nepal is a country with no future.
YOU ACTUALLY DID BANGLADESH THANK YOU SO MUCH I LOVE YOOUUU
Bangladesh’s GDP per capita income isn’t 2,668 USD but 3,327 USD in 2024.
No it's 2139 in 2024 by imf and world bani
Bangladesh: southeast asia ?
Bangladesh: south asia
It's both
Bangladeshis are largely close to se Asia
I think Bangladesh could be next south Korea. As india i want stability there. A prosperous Bangladesh is important for indian export and economy too.
We will save their time, by including BD in India. Obviously that would include converting them back to Shudra caste of your forefathers.
#indiaout
#boycottindia
#freebangladesh
@@Bengalinationalist You are Bangladeshi, not Bengali.
@@Bengalinationalist you need the word India even in India out like this you will out India 😂😂😂😂😂
@@Bengalinationalistalready freed from genocidal regime of Pakistan. India is the reason you live in an independent country learn to co operate
Which currency is the best to use and why ? ... are you sure ??
Is it possible to lease a country ? .. and for what time frame ?
Why do you say that ?..
🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉
Corruption will be the death of this country sadly. Love how informative & well researched this video is! Better than our bureau of statistics for sure!
I love how this video skimped over the fact that Pakistan was conducting genocide against Bangladesh's people to suppress the call for independence, and India intervened (at least officially) to stop Pakistan army from doing so as it was creating a migrant crisis. Also, US unequivocally supported Pakistan by sending a carrier with nuclear capability to deter India, only to be countered by Soviet Union. USA blundered by siding with a nation conducting genocide, and it should be known, accepted and apologised for.
2:21 Use the correct map of India 🇮🇳 Whole JAMMU AND KASHMIR is an integral part of Republic of India
Whole world is part of india expect Africa
Bc gandustsan look like Africa 😂😂
Tuu thoda sa hila aur dimag Sai paidal hua lagta hai 😂😂
Certainly, in our current circumstances, we have to consider many factors. We have faced numerous challenges as a suppressed nation for centuries, but we are still striving to do our best. However, we should focus on diversifying our economy and striking a balance between our export and import ratios to emulate China's success. In addition, stabilizing the political situation in our country is also important, as is one of the essential steps towards achieving pure development.
Kid named Ladesh: 😳
Only idiots like you would name you kid ladesh.who names his kids a silly name like ladesh😒
This video talks a lot about the government’s difficulty collecting accurate economic statistics. This sounds like a personal let peeve of Economics Explained. I doubt this is a significant factor in the country’s overall economic problems.
It does factor in as any FDI investor would want to know how the country is performing and how it would perform in future. Without accurate data it is hard for any one to take risks in a developing market. It's not like they can collect the data on their own as the country's economy is mostly informal
Can you make a video about the economical relations between east and west Germany ?
0:32 South East Asia? 32 seconds in and theres alr a basic mistake? Come on EE, u are better than this
Bangladesh‘s problem starts with I and ends with M
Its start with I and ends with A
indias problem is h and u
Islamic radicalism destroyed bangladesh
@@Sirajmahirif India is such a problem then here's something you can do:
Take back all Bangladeshis from India
😊
Says the liberal hindu😂😂
if you could make a serie about the MENA reagion that woul be great
Great idea
oh my God oh my God oh my God oh my God...!
it's finally happen....! You made a video on Bangladesh!
So far the only thing that can drag down the progress of Bangladesh is radicalization which is quietly increasing for no reason. Maybe Bangladeshi youth focus on progress rather than religion
“for no reason” 🤡
Look who talking 😂
"Bangladesh is not religious country"
@@nakano-arikolmao they even separated from India for religion 😂😂
@@ajitt9902 yes we are.. but still Bangladesh is not religious
The state religion is Islamic. Isn't this fact enough?@@nakano-ariko
Not a great episode, simplistic and in some cases highly misleading. There is one key reason, unmentioned, why Bangladesh will not succeed: the interdependence of politics and religion.
As a Bangladeshi American, that immigrated from Bangladesh. That is a very generous score. Thank you.
Well explained. Rich people in our country are getting richer while the middle class and lower class people are struggling to meet their basic needs.
The religion that predominates in Bangladesh makes economic development very difficult.
The risk of large-scale flooding is also negative for Bangladesh
Twist mentality
Nobody ever asked this question…
Great In-Depth Video. But I suppose you haven't researched much on the corruption that runs rampant in Bangladesh.
Correction: The Liberation War of Bangladesh took place from 26 March, 1971 to 16 December, 1971
Bangladesh is an LDC but it has actually reached the threshold to graduate from LDC status in 2018 and then again in 2021. They just keep deferring their graduation, which is now set for 2026.
Your analysis about independence of Bangladesh is way too inaccurate and shallow... If u don’t have enough time to give accurate information It's better to skip that...
You are using a wrong map of india
Where is Aksai Chin in it????
please correct it it will hurt sentiments.....
I remember they had an incredible rise.
But something happened 🤔