Debt crisis in the Global South: How China-US competition is hurting Africa – Economy

For more than a decade, Bangladesh was considered a model country among the poorest countries in the world and a prime example of how integration into western production chains can bring prosperity. Before the pandemic, the economy of the South Asian country grew by an average of seven percent per year per capita. The economic performance of the state, once notorious as an Asian poorhouse, is now higher than that of India.