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This is more due to Bangladesh being a very low income country generally than anything else. It's not like Bangladesh was once the United States and devolved to
by argumentum 11y ago
This is more due to Bangladesh being a very low income country generally than anything else. It's not like Bangladesh was once the United States and devolved to its current state due to worker exploitation.
For most of the last century, Bangladesh was a basket case, unable to even feed its own people, and faced multiple terribly violent conflicts. It seems to have finally gotten moving over the last decade, and hopefully will keep on track.
We should definitely not "fear" such an impossible outcome.
- rayiner 11y agoBangladesh's GDP per capita today is about the same as America's was in 1790. The difference is that capital in 1790's America was very broadly distributed (land was cheap and plentiful) while capital in Bangladesh today is very concentrated.
- argumentum 11y agoSingapore's GDP per capita in 1960 was much lower than Bangladesh is today, and with similar if not worse land distribution.