Bangladesh has been honored as The Economist’s "Country of the Year" for 2024, surpassing nations like Syria, Argentina, South Africa, and Poland in recognition of its extraordinary progress over the past year.
Each December, The Economist awards this title to a nation that has made significant strides, not necessarily in wealth or virtue, but in transformative achievements. This year, after a heated debate among the publication’s correspondents, Bangladesh emerged as the top contender, with Syria as the runner-up.
The accolade highlights Bangladesh’s political evolution, particularly the historic resignation of Sheikh Hasina in August after 15 years in power. This milestone was catalyzed by large-scale, student-led protests, marking a turning point for the nation of 175 million people. While Hasina’s leadership saw significant economic growth, it was also tarnished by allegations of electoral malpractice, repression, and corruption.
Despite a history of violent transitions and challenges from Islamic extremism, Bangladesh demonstrated resilience and progress. A temporary technocratic government, headed by Nobel Peace Prize laureate Muhammad Yunus, played a pivotal role in stabilizing the nation. Backed by students, the military, businesses, and civil society, this interim administration successfully managed the political shift and restored economic stability.
Looking ahead, the country faces critical challenges, including rebuilding diplomatic ties with India and ensuring credible elections in 2025. The Economist emphasized the importance of impartial courts and adequate preparation time for opposition parties to participate fairly.
While these hurdles remain, Bangladesh’s efforts to dismantle autocratic rule and progress toward a more democratic government were deemed worthy of the prestigious title.
Other contenders for the award included Syria, recognized for removing Bashar al-Assad from power; Argentina, for its economic reforms; and South Africa and Poland, for rejecting ineffective governance and forming new administrations.
Bangladesh’s inspiring journey underscores its commitment to change, earning its place as The Economist’s Country of the Year for 2024.
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