Economy of Bangladesh

Bangladesh is a developing country that is classified as a Next Eleven emerging market and one of the Frontier Five. According to a recent opinion poll, Bangladesh has the second most pro-capitalist population in the developing world.

Between 2004 and 2014, Bangladesh averaged a GDP growth rate of 6%. The economy is increasingly led by export-oriented industrialisation. The Bangladesh textile industry is the second-largest in the world. Other key sectors include pharmaceuticals, shipbuilding, ceramics, leather goods and electronics. Being situated in one of the most fertile regions on Earth, agriculture plays a crucial role, with the principal cash crops including rice, jute, tea, wheat, cotton and sugarcane. Bangladesh ranks fifth in the global production of fish and seafood. Remittances from the Bangladeshi diaspora provide vital foreign exchange.

The Bangladesh telecoms industry has witnessed rapid growth over the years and is dominated by foreign investors. The government has emphasised the development of software services and hi-tech industries under the Digital Bangladesh scheme. Bangladesh has substantial reserves of natural gas and coal; and many international oil companies are involved in production and exploration activities in the Bay of Bengal. Regional neighbours are keen to use Bangladeshi ports and railways for transhipment. Located at the crossroads of SAARC, the ASEAN+3, BIMSTEC, and the Indian Ocean, Bangladesh has the potential to emerge as a regional economic and logistics hub.

Bangladesh

Coordinates: 23°48′N 90°18′E / 23.8°N 90.3°E / 23.8; 90.3

Bangladesh (/bɑːŋlɑːdɛʃ/; ⁱ/ˌbæŋɡləˈdæʃ/; বাংলাদেশ, pronounced: [ˈbaŋlad̪eʃ], lit. "The land of Bengal"), officially the People's Republic of Bangladesh (গণপ্রজাতন্ত্রী বাংলাদেশ Gônôprôjatôntri Bangladesh), is a country in South Asia. It is bordered by India to its west, north and east; Myanmar (Burma) to its southeast; and is separated from Nepal and Bhutan by the Chicken's Neck corridor. To its south, it faces the Bay of Bengal. Bangladesh is the world's eighth-most populous country, with over 168 million people. It is one of the most densely populated countries, and among countries with a population exceeding 10 million, it is the most densely populated. It forms part of the ethno-linguistic region of Bengal, along with the neighbouring Indian states of West Bengal and Tripura.

The present-day borders of Bangladesh took shape during the Partition of Bengal and the British India in 1947, when the region came to be known as East Pakistan, as a part of the newly formed state of Pakistan. It was separated from West Pakistan by 1,400 kilometres (870 mi) of Indian territory. Because of political exclusion, ethnic and linguistic discrimination and economic neglect by the politically dominant western wing, nationalism, popular agitation and civil disobedience led to the Bangladesh Liberation War and independence in 1971. After independence, the new state endured poverty, famine, political turmoil and military coups. The restoration of democracy in 1991 has been followed by relative calm and economic progress. In 2014, the Bangladeshi general election was boycotted by major opposition parties, resulting in a parliament and government dominated by the Awami League and its smaller coalition partners.

Bangladesh (disambiguation)

Bangladesh is a country in South Asia.

Bangladesh or Bangla Desh may also refer to:

See also

Bangla Desh (song)

"Bangla Desh" is a song by English musician George Harrison. It was released as a non-album single in July 1971, to raise awareness for the millions of refugees from the country formerly known as East Pakistan, following the 1970 Bhola cyclone and the outbreak of the Bangladesh Liberation War. Harrison's inspiration for the song came from his friend Ravi Shankar, a Bengali musician, who approached Harrison for help in trying to alleviate the suffering. "Bangla Desh" has been described as "one of the most cogent social statements in music history" and helped gain international support for Bangladeshi independence by establishing the name of the fledgling nation around the world. In 2005, United Nations Secretary-General Kofi Annan identified the song's success in personalising the Bangladesh crisis, through its emotive description of Shankar's request for help.

"Bangla Desh" appeared at the height of Harrison's popularity as a solo artist, following the break-up of the Beatles and the acclaim afforded his 1970 triple album All Things Must Pass. It was pop music's first charity single, and its release took place three days before the Harrison-sponsored Concert for Bangladesh shows at New York's Madison Square Garden. The single became a top ten hit in the United Kingdom and elsewhere in Europe, and peaked at number 23 on America's Billboard Hot 100. The recording was co-produced by Phil Spector and features contributions from Leon Russell, Jim Horn, Ringo Starr and Jim Keltner. The Los Angeles session for the song marked the start of two enduring musical associations in Harrison's solo career, with Keltner and Horn.