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17 February, 2019 00:00 00 AM
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Bangladesh in world perspective

Bangladesh’s economy is growing, politics has gained stability and ignoring some guidance of the World Bank the country with its own resources, manpower and skills has survived many crises and kept its ongoing development
Abdul Gaffar choudhury
Bangladesh in world perspective

The whole world is crisis-ridden now. The big capitalist gurus agree that world capitalism is now at a critical juncture. This has affected all countries worldwide- small or big. What is going on in America, the super power now is nothing but a political hara-kiri. Donald Trump, the most condemned President in America is now trapped in his self-created problem— the Mexican wall. He is engaged in a war against his own government. His trade war against almost all the countries known as American allies has been criticized by prominent American economists also. They predicted that this trade war will ultimately become a boomerang for America as it will create a more dangerous economic depression throughout the world which would surpass the danger of the 30's Great depression. That depression caused the Second World War. Some economists fear that this present depression might cause another war, which might be limited but even more destructive.

The Great Britain is bogged down by its Brexit problem. Prime Minister Theresa May lost majority support of her cabinet also but she is still in power through political manoeuvring. Britain is no more a great power now isolated from Europe and depending on America. The crisis is deepening day by day with Brexit, as economy and political stability are facing threat. British establishment fear that there would be a civil war in Britain centring Brexit which has already divided the nation. This fear was so widespread that there was preparation to declare martial law in Britain and evacuate the Queen elsewhere in case of bloodshed. Of course the crisis did not reach that peak but to prevent it all the preparation is in place. France has not yet recovered from the waves of strikes and German politics has almost lost its political stability.

The entire Middle-east is still in turmoil. The mighty Kingdom of Saudi Arab is now the most vulnerable power for Yemen war and Khasoggi murder. Netanyahu of Israel, got a strong beating from the Iran-backed Hizbullah recently, had to make a peace deal with them and Netanyahu himself had to take a policy of retreat. Now as their last card Israel is provoking Iran to engage in direct war with them as an escape route and get out of future disaster by expanding war against Iran so that they can get direct help from Saudi Arab and America. Though Iran is passing through a difficult time due to the American sanction they are playing the game with patience. If Iran can hold the present political and military status quo they can foil both the Saudi and American conspiracies against them.

In Pakistan the cricketer Premier Imran Khan is a protégé of the military clique which is still running the country from behind the curtain. The democracy in Pakistan is nothing but a showcase. In India democracy is seriously threatened by Hindutva (extreme Hinduism). After his 5 year rule though Modi charisma is diminishing, the appeal of ultra Hinduism is still an overwhelming power. Congress, the absolute power of the recent past of India is trying to come back to power with both appeal for dynasty and Hindutva. The peculiarity of present Indian politics is that the Congress is absolutely dominated by members of a single family.

Rahul Gandhi and Priyanka both from Nehru Gandhi family, are now President and Secretary of the Congress party. Rahul is trying to mobilize some left and right political parties and make them into a united opposition against the ruling BJP. But some observers fear that the united opposition against Modi will not be very successful because of Congress's deviation from the path of secularism. Now the policy of Congress to counter Hinduism is by adopting Hinduism themselves. Rahul started his election campaign by visiting a number Shiva temples and declared himself as an ardent Shiva disciple.

On the other hand, Priyanka the sister of Rahul, who resembles late Indira Gandhi is not following the path of her grandmother. After becoming general secretary of Congress she started the election campaign by visiting Kumbh mela and tried to prove she was more Hindu than a BJP leader. Whether these political tricks will work in the next Indian election remains to be seen. Some observers predicted that though Modi charisma is rapidly diminishing BJP can still come to power with tiny majority or might be forced to make a coalition with like-minded parties.

Once Japan had a tiger economy in the world. That is now history. China is still an economic super power. Its cheap labour and vast consumer market once made the country America's most favoured trade partner. But Donald Trump, after becoming president has developed an anti-China policy to defeat China in economic war. By adopting a capitalist path once a communist country China is now facing all the ills of capitalism. Their economy is going to slow down. India's economy is growing but it cannot compete with Chinese military and economic expansion in Asia and Africa. In Russia, though Putin has become an unchallenged leader and pursued a more successful diplomatic policy, but he still had to digest America's economic biting.

In one sentence, we can say without entering into a debate that the entire global capitalism and the capitalist countries are under the shadow of catastrophe. Our developing Bangladesh is also under this shadow. But one exception is that though it is a small developing country, due to proper leadership it has so far avoided a total fallout from the capitalist crisis. Its economy is growing, politics has gained stability and ignoring some guidance of the World Bank the country with its own resources, manpower and skills has survived many crises and kept its ongoing development. Once the Singapore of Lee Kuan and Malaysia of Mahathir became owners of powerful economy bypassing crisis after crisis of capitalism. Bangladesh is now showing the same capacity under Sheikh Hasina's government. The political stability and economic growth of Bangladesh may show one day that if a small country can avoid the absolute economic or military dominance of World Bank and America, it can also avoid the pitfalls of decaying capitalism.

London, Thursday 14 February, 2019

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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