Besides agriculture, Cotton and Textile Industry was the driving force of the economy of ancient Bangladesh. ‘Muslin’ was one of the most prestigious ‘Brands’ of the then world. Bangladesh was one of the most desired tourism destinations at that time. It was a remarkable knowledge-based society of that era.
Colonial Period: The Era of Looting
The British colonial rulers brutally destroyed the cotton and textile industry of Bangladesh. Muslin lost its fame. Agriculture has become the source of boundless wealth of the colonial empire. After two century’s looting by the British colonial power Bangladesh became almost a wasteland.
Pakistan Era: Neo-Colonial Deprivation
After 1947, Bangladesh became the victim of the Pakistani neo-colonial deprivation. Disparity, socio-economic inequality and injustice increased between the East and West Pakistan. Despite of being the “Surplus Region” Bangladesh, the then East Pakistan, remained deprived from all sorts of benefits from its western counterpart.
Independence: The Beginning of a New Dream
1972-1991: In spite of several national and international conspiracies against the existence of the independent Bangladesh, and a number of natural and ‘political’ calamities (e.g. cyclone, famine etc.), Bangladesh survived successfully as an independent, democracy-loving nation.
1992-2011: Private sector, with all its limitations, has become the driving force of the new economy of Bangladesh. Ready Made Garment (RMG) industry has become the pride for the entire nation. Besides this, pharmaceuticals, ship-building, leather goods, and electronics business focus on a brighter future. Now-a-days, local entrepreneurs aim to be the corporate power house at the regional and global perspective. Bangladesh, as one of the ‘Next-11’ nations, acclaimed its position in today’s world with a formidable GDP growth rate of 6-7%.
2012: After a struggle of a couple of centuries, the “Made in Bangladesh” tagline has got the momentum again. In the next two decades, I dream, Bangladesh will be one of the top economies of the world. Now it’s the turn for Bangladesh, our loving homeland!