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Morningsun Online Desk //
In the current issue of the widely circulated weekly Economist magazine, the cover article entitled ‘Bangladesh is on the road again’ said, despite many difficult problems, there are many advantages of Bangladesh and Bangladesh is now called moral. Got a leader like Yunus.
The internationally renowned and widely read weekly magazine ‘Bangladesh Matters; This country cannot be allowed to fail’ – he said, noting that the good news is that the country’s economy is able to overcome difficult situations quickly and the country’s civil society is strong.
The article says that the capital of Bangladesh-
An army-backed caretaker government led by Nobel Peace Prize laureate Muhammad Yunus took over after Sheikh Hasina was ousted in a popular uprising in the streets of Dhaka. Many Bangladeshis like him call it ‘Second Independence’ after half a century of independence.
Bangladesh needs to do more after ousting the old dictator to fulfill its current commitments: to clean up the corrupt political system, the magazine wrote. Among the problems are entrenched political factionalism and weak institutions, which have left the country unable to stand up, with impasse at the top of the leadership poisoning politics.
Dr. Yunus should aim to hold elections properly within a reasonable timeframe, but first he needs to clean up Sheikh Hasina’s captured institutions, such as the electoral authorities and the courts.
To bring the country to the democratic path. Yunus’ time is running short, the article says, adding that his success or failure will determine the livelihoods of 173 million Bangladeshis and influence the rivalry between China, India, Russia and the West.
It is said that Dr. Yunus faces a very difficult task. His priority should be to restore order and prevent the wave of retaliatory violence that has ravaged Bangladeshi politics in the past. This means that a caretaker government run by technocrats including representatives of the agitating students and representatives of all political parties including the Awami League must be ensured.
Advising Yunus to act quickly, the article said, there is no chance of an unelected caretaker government remaining in power for long, as it could lose legitimacy or worse, or its military backers would be tempted to hold on to power indefinitely.
The magazine warned that the country could fall prey to Islamists like Pakistan. If financial tensions worsen, Bangladesh may become dependent on China for cheap loans and arms. This could destabilize relations with neighboring India and further destroy democracy.
The article added, “When it comes to the economy, the government should raise more funds from outside to ease concerns about balance-of-payments risks and push for an important new trade deal with the European Union. Most importantly, Yunus Sahib must urge the political system and leaders to open themselves up to new ideas, reflecting the aspirations of the country’s young society, evolving and growing urban population.
The magazine, however, blames India for supporting the authoritarian regime in Bangladesh, saying that if the country wants a stable neighborhood, some work needs to be done: the country should call for a democratic system and provide financial support.
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