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Friday, 3 January 2025

The Economist's Recognition of Bangladesh as 'Country of the Year 2024': A Dangerous Move

 


The recent designation of Bangladesh as the ‘Country of the Year 2024’ by The Economist is a highly questionable decision. Given Bangladesh’s crumbling economy, fractured social fabric, and deeply unstable political landscape, this recognition seems less about celebrating genuine progress and more about endorsing a narrative that aligns with Western geopolitical interests.


Misguided Recognition with Hidden Agendas

The UK-based magazine’s accolade, ostensibly meant to highlight development and inspire optimism, instead perpetuates a dangerously misleading narrative. The Economist justified its choice by citing a regime change and the emergence of a "more liberal government." However, this explanation ignores the troubling realities on the ground. The ousting of Sheikh Hasina’s democratically elected government, replaced by Muhammad Yunus's leadership, has plunged the nation into chaos. This superficial celebration of change overlooks the risks posed by a flawed and destabilizing political transition.


Economic Turmoil and Social Instability

Far from representing liberal development, Bangladesh’s current state paints a grim picture of economic collapse and social unrest. Forex reserves have dwindled, exports have plummeted, and inflation has surged. Alarmingly, over a quarter of the population now faces extreme hunger. These indicators point to a deteriorating economy that contradicts the rosy narrative promoted by The Economist.


Escalating Violence Against Minorities

One of the most disturbing outcomes of the regime change has been the spike in violence against minorities, particularly Hindus. Temples have been attacked, incidents of forced conversions have increased, and the persecution of minorities has reached alarming levels. Despite international condemnation, including from Western blocs, these atrocities are downplayed in The Economist’s assessment, revealing a troubling double standard in the magazine’s narrative.


A Pattern of Misjudged Recognitions

This is not the first time The Economist has made a controversial selection. In 2015, Myanmar was honored for its transition to democracy, only for the world to later witness the Rohingya genocide. Similarly, Ukraine was awarded in 2022 amid its conflict with Russia, raising questions about the magazine’s selective focus. By naming Bangladesh Country of the Year 2024, The Economist appears to prioritize geopolitical narratives over authentic progress, reinforcing concerns about the magazine’s credibility.


Implications for India

As Bangladesh’s closest neighbor, India bears the brunt of its instability. A vulnerable Bangladesh could become a breeding ground for extremism, cross-border terrorism, and illegal immigration, directly threatening India’s security. Additionally, the rising persecution of Bangladeshi Hindus exacerbates communal tensions within India, challenging its internal harmony.

India’s proactive support during Bangladesh’s crises, such as food security initiatives, underscores the interdependence of the two nations. However, these efforts are often undermined by forces that thrive on destabilization. The Economist’s recognition risks emboldening such elements, jeopardizing regional stability.


Western Media's Double Standards

The hypocrisy of Western media outlets is evident in their selective outrage. Issues such as sectarian violence, human rights violations, and economic mismanagement in Bangladesh are downplayed, whereas similar occurrences in Western countries would dominate headlines. For instance, the plight of Bangladeshi Hindus is dismissed as an internal matter, while similar issues elsewhere are treated as international crises. This bias devalues the suffering of those affected and exposes ulterior motives behind such narratives.


Lessons for South Asia

The unfolding events in Bangladesh serve as a cautionary tale for the entire South Asian region. The West’s track record in destabilizing nations—from Afghanistan to Iraq to Myanmar—should be a stark warning. For India, the message is clear: a stable neighborhood is essential for its security and development. India must continue supporting Bangladesh’s people, advocating for inclusive development and the protection of minorities.


A Dangerous Precedent

By celebrating a regime change that has led to instability, The Economist’s recognition diverts attention from Bangladesh’s real challenges and legitimizes external interference. This sets a dangerous precedent for other nations in the region, threatening their sovereignty and stability.


Conclusion: Prioritizing Narratives Over Realities

The timing of this recognition is particularly suspect, given Bangladesh’s dire economic, social, and political conditions. Far from celebrating genuine progress, this accolade appears to endorse a West-suited narrative that undermines Bangladesh’s sovereignty and threatens regional stability.

The Economist’s decision to name Bangladesh the ‘Country of the Year’ is not just misguided; it is a reckless move that risks exacerbating tensions in South Asia. The grim lessons from Bangladesh’s current predicament must serve as a stark warning against prioritizing narratives over realities

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