The Economist, a British weekly, has honoured Bangladesh as its ‘Country of the Year’ for 2024, recognising the country’s extraordinary political and social transformation. In a report published on December 19, the magazine stated, “The winner has overthrown a tyrant and seems to be moving towards a brighter future.”
The accolade highlights the success of widespread, student-led protests that resulted in the ousting of Sheikh Hasina, whose 15-year rule was marked by authoritarianism, electoral malpractice, and corruption. The Economist referred to this political shift as the “Delta Force,” acknowledging Sheikh Hasina’s early economic achievements before her government devolved into oppressive practices, including election rigging, imprisonment of political opponents, and violent crackdowns on dissent. “Substantial sums of money were misappropriated during her administration,” the publication noted.
Despite Bangladesh’s history of tumultuous and often violent political transitions, The Economist expressed optimism about the nation’s progress. “The main opposition party, the BNP, is venal, and Islamic extremism remains a threat. Yet, the transition has so far been encouraging,” it observed.
The country’s current stability is credited to a temporary technocratic government led by Nobel Peace Prize laureate Muhammad Yunus. Supported by students, the military, businesses, and civil society, the interim administration has restored order and stabilised the economy.
The magazine emphasised that Bangladesh faces significant challenges ahead, including repairing ties with India and preparing for elections in 2025. It stressed the importance of ensuring judicial neutrality and granting opposition parties sufficient time to organise.
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