In 1971, Bangladesh won independence from Pakistan after years of treatment as a poor relative and their culmination in a bloody war whose after-effects were felt for many years. Eight years later, the new country’s per capita income was a miserable $90; the World Bank ranked it as the world’s fourth poorest country, out of 124. Kissinger’s dismissal of the place as a basket case seemed apt. At the time, Pakistan’s per capita income was almost three times as high, at $260. What is more, Bangladesh had seen no growth in its per capita income since 1960, while ...
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