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Sheikh Hasina is running for a third five-year term as prime minister of Bangladesh. (Original photos by Akira Kodaka)
The Big Story

The rise and rise of Bangladesh

The economy is booming. Does Sheikh Hasina deserve the credit?

GWEN ROBINSON, Editor-at-large, Nikkei Asian Review | Pakistan, Bangladesh, Sri Lanka, Nepal, Bhutan

DHAKA -- Bangladesh defies economic and political gravity. Since its 1971 war of independence with Pakistan, the country has been known for its tragedies: wrenching poverty, natural disasters and now one of the world's biggest refugee crises, after the influx of 750,000 Rohingya Muslims fleeing persecution in neighboring Myanmar.

Yet, with remarkably little international attention, Bangladesh has also become one of the world's economic success stories. Aided by a fast-growing manufacturing sector -- its garment industry is second only to China's -- Bangladesh's economy has averaged above 6% annual growth for nearly a decade, reaching 7.86% in the year through June.

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