Not long ago, Bangladesh was hailed as an economic miracle.
Its singular focus on exporting textiles and apparel delivered rapid growth, lifting millions out of poverty and winning the country’s prime minister, Sheikh Hasina, fame and admiration.
But Ms. Hasina’s abrupt exit from power this week has exposed the limitations of that strategy, as Bangladesh struggles to combat steep inflation and joblessness that economists say are largely the result of poor policy decisions.
Her increasingly authoritarian rule and Bangladesh’s widespread corruption only added to the frustration that boiled over and forced her ouster.
Student protesters who had called for Ms. Hasina’s resignation have brought in Muhammad Yunus, a Nobel laureate and microfinance pioneer, to oversee an interim government.
Persons:
Sheikh Hasina, Hasina’s, Muhammad Yunus, Yunus
Organizations:
Student
Locations:
Bangladesh