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Bangladesh’s New Generation in a Time of Progress
You may have never thought about visiting Bangladesh, but it is likely that you will find products in your wardrobe that are made in the country, which is the world’s second-largest garment exporter.
In the past ten years, thanks to a demographic dividend, strong ready-made garment exports and stable macroeconomic conditions, Bangladesh has been one of the world’s fastest growing economies. When Bangladesh became independent in 1971, it was one of the world’s poorest nations, and only reached lower-middle-income status in 2015. Its efforts to alleviate poverty have also been remarkable, with the poverty rate dropping from 44% in 1991 to 14% in 2016, based on the international poverty line of US$1.9 a day (about HK$15).
In these last two years, like most countries, Bangladesh has been dealing with the challenges posed by the COVID-19 pandemic, which have not only hampered economic development, but also reversed some of the successes of the past decade. In 2020, the pandemic has decelerated economic growth and the pace of poverty reduction, with the poverty rate in 2020 rising to 18% from 14%.
Also, Bangladesh’s geographical location makes it vulnerable to the impact of climate change and natural disasters, such as cyclones and floods. In fact, it is ranked as the seventh most affected country in the
Global Climate Risk Index 2021 report. From 2000 to 2019, Bangladesh experienced 185 climate events, which affected both economic activities and the livelihoods of vulnerable families. Meanwhile, over 800,000 Rohingyas, more than half of them children, are still seeking refuge in Cox’s Bazar, the world’s largest refugee camp. While their needs are immense, a long-term solution is yet to be found.
These factors have surely cast doubts over the future development of Bangladesh. However, what affects the growth of children most has always been gender inequality, with generations of Bangladeshi girls exposed to the threat of child marriage. Even though the law states that girls under 18 may not marry, Bangladesh still holds the world’s fourth-highest child marriage rate. According to figures by the United Nations Development Programme, about 59% of girls in Bangladesh are married before reaching 18.