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The economy of Bangladesh is a major developing mixed economy. [41] As the second-largest economy in South Asia, [42] [43] Bangladesh's economy is the 35th largest in the world in nominal terms, and 25th largest by purchasing power parity. Bangladesh is seen by various financial institutions as one of the Next Eleven.
Among Bangladesh's many economic and social achievements, dramatic reduction in poverty in often considered a phenomenon among international organizations such as IMF and The World Bank. Between 1972 and 2018, Bangladesh's population living on less than $1.90/day is estimated to have fallen from 90% to 9%.
Germany: A foreign ministry spokesperson emphasises that it is important that Bangladesh remain democratic amid the unrest in the country. [418] European Union: Ambassador to Bangladesh Charles Whiteley stated that he "wants to see a quick resolution of present situation" and urges the government for "avoidance of further violence and bloodshed".
Hunger in Bangladesh middle and lower class population is growing at a fast rate compared to other south Asian countries and hunger is still an issue. [12] Bangladesh has improved economically but still faces national huge hunger problem with approximately 40 million close to starvation. [ 13 ]
Students in Bangladesh began a quota reform movement in early June 2024 after the Bangladesh Supreme Court invalidated the government's 2018 circular regarding job quotas in the public sector. The movement escalated into a full-fledged mass uprising after the government carried out mass killings of protesters, known as July massacre , by the ...
The constitution's proclamation of a People's republic and socialism in its preamble [26] and Article 10 [27] are at odds with Bangladesh's current free market economy system, entrepreneurial class, diverse corporate sector and owners of private property. Six general elections were won by pro-market political parties, while four elections were ...
Although Bangladesh has an increasingly stable and growing economy, half of these children continue to live below the international poverty line. Protection, health, education, nutrition, safe water and hygiene are considered basic rights for all children, yet children in Bangladesh face issues on all these fronts. 26 million children live ...
Upon the independence in 1971, country's founding leaders shaped the economy of Bangladesh as a socialist economy as described in the constitution, however, liberal democracy wasn't scrapped. But due to economic mismanagement and political turmoil, the economic system resulted in a stagnation, with the deadly famine of 1974 further created a ...