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Bangladesh goes from basket case to rising star

Recent success was far from preordained

| Bangladesh
Laborers work in a sewing section of a garment factory in Gazipur on May 2: Bangladesh's economic rise has been powered by the ready-made garment industry,   © Sipa/AP

Rupa Subramanya is a researcher and commentator.

May 25 was a historic day for the small South Asian country of Bangladesh, when its central bank approved a $200 million currency swap facility for the nearby island economy of Sri Lanka.

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