The Economic Model of Bangladesh, Indonesia, India

Bangladesh, an economy historically associated more with floods than being a future economic powerhouse, yet, that's exactly what it's tipped to be. Bangladesh was the fastest growing economy in the Asia pacific in 2018, reaching an all-time high of 8.2 percent. Such, high growth is nothing new to the country though, with the UN projecting it will lose its least developed country status by 2024, though Bangladesh isn't just satisfied with leaving poverty and nor should it be. It's set to achieve prosperity aiming to become a developed country in the next 20 years, with Goldman-Sachs labelling Bangladesh and next eleven economy one of the eleven economies said to be the largest in the 21st century alongside the BRICS. However, this bright future is still some way off we're talking about an economy with a poverty rate over 20 percent, where the GDP per capita is $1880, and where the second largest export is financial remittances. Which, all really raises the question of: how is it fighting its way out of extreme poverty and why now? What's Bangladesh's development model?The capital of Indonesia, the fourth most populous country in the world, is moving. Which is an odd move considering that by 2030 Jakarta is set to overtake Tokyo to become the largest city on earth, according to Euromonitor. Though there are some very good reasons for this: Jakarta is sinking, the city is built on a swamp at just eight meters above sea level and sinking fast, but it's the location of the new capital which is just as startling Jakarta's replacement will move away from the world's most populated island of java to Borneo. This move was about sending a statement that Indonesia and its economy are diverse, spread over more than 17 000 islands and this is a great example of its geographical challenges, which is just as essential to understanding Indonesia's economy as any economic model or statistic. India is tipped to be a future world superpower, the fifth largest economy in the world is expected to be the third largest by 2030 according to the IMF. As the world's largest democracy India's future is bright, yet, its economic story has had its fair share of challenges. In 1980, its GDP per capita was higher than China's, but today China's is five times higher. Likewise, neighboring Bangladesh reportedly overtook India on a GDP per capita basis in 2020. So, what has happened and how can India achieve economic success? How India's history informs its economy today?