Bangladesh, officially the People's Republic of Bangladesh is a country in South Asia. It is bordered by India on all sides except for a small border with Burma (Myanmar) to the far southeast and by theBay of Bengal to the south. Together with the Indian state of West Bengal, it makes up the ethno-linguistic region of Bengal. The name Bangladesh means "Country of Bengal" in the official Bengali language.
The borders of present-day Bangladesh were established with the partition of Bengal and India in 1947, when the region became East Pakistan, part of the newly formed nation of Pakistan. However, it was separated from thewestern wing by 1,600 km (994 mi) of Indian territory. Due to political exclusion, ethnic and linguistic discrimination, and economic neglect by the politically-dominant West Pakistan, popular agitation grew againstWest Pakistan and led to the Bangladesh Liberation War in 1971, which the Bengali people won with the support of India. After independence, the new state endured famines, natural disasters and widespread poverty, as well as political turmoil and military coups. The restoration of democracy in 1991 has been followed by relative calm and economic progress. Today, Bangladesh is a secular, democratic republic.
Bangladesh is the eighth most populous country and is among the most densely populated countries in the world. The country also has a high poverty rate. However, per-capita (inflation-adjusted) GDP has more than doubled since 1975, and the poverty rate has fallen by 20% since the early 1990s. The country is listed among the "Next Eleven" economies. Dhaka, the capital, and other urban centers have been the driving force behind this growth. Geographically, the country straddles the fertile Ganges-Brahmaputra Delta and is subject to annual monsoonfloods and cyclones. Bangladesh is a parliamentary democracy with an elected parliament called the Jatiyo Sangshad. The country is a member of the Commonwealth of Nations, the OIC, SAARC, BIMSTEC, and the D-8. As the World Bank notes in its July 2005 Country Brief, the country has made significant progress in human development in the areas of literacy, gender parity in schooling and reduction of population growth. However, Bangladesh continues to face a number of major challenges, including widespread political and bureaucratic corruption, economic competition relative to the world, serious overpopulation, widespread poverty, and an increasing danger of hydrologic shocks brought on by ecological vulnerability to climate change.
The Next Eleven (or N-11) are eleven countries Bangladesh, Egypt, Indonesia, Iran,Mexico, Nigeria, Pakistan, Philippines, South Korea, Turkey and Vietnam identified by Goldman Sachs investment bank as having a high potential of becoming, along with the BRICs, the world's largest economies in the 21st century. The bank chose these states, all with promising outlooks for investment and future growth, on December 12, 2005.
The criteria that Goldman Sachs used were macroeconomic stability, political maturity, openness of trade and investment policies and the quality of education. The N-11 paper is a follow-up to the bank's 2003 paper on the four emerging "BRIC" economies, Brazil, Russia, India and China.