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=== Independent Bangladesh === Bangladesh adopted its '''Constitution on 4 November 1972''', laying the foundation for a parliamentary democracy with secularism, nationalism, socialism, and democracy as its core principles. Mujibur Rahman Era (1972–1975) After independence, the government of '''Sheikh Mujibur Rahman''' faced major challenges such as war-torn infrastructure, food shortages, and a weak economy. Mismanagement, widespread corruption, and political unrest destabilized the country. Mujib attempted to introduce a '''one-party socialist system''', but his popularity declined sharply. A '''devastating famine in 1974''' worsened the situation. On '''15 August 1975''', Sheikh Mujibur Rahman was assassinated in a military coup. Return to Parliamentary Democracy (1991–2008) Democracy was restored in 1991. Power alternated between '''Khaleda Zia''' BNP and '''Sheikh Hasina''' Awami League for decades. This period is often called the '''Battle of the Begums.''' While the country made progress in development and governance reforms, political instability and corruption remained persistent problems. Sheikh Hasina’s Long Rule 2009–2024The Awami League returned to power with a '''landslide victory in the 2008 elections'''. Under '''Sheikh Hasina''', Bangladesh experienced rapid '''economic growth''' and '''infrastructure expansion''', but also '''democratic backsliding''', '''increasing authoritarianism''', and '''widespread corruption'''. Sheikh Hasina won three more consecutive elections in '''2014, 2018, and 2024''', all widely criticized as neither free nor fair. Massive '''student-led protests''' in 2024 forced her to '''resign and flee to India''' on '''5 August 2024'''. An '''interim government''' was formed on '''8 August 2024''', led by '''Nobel laureate Muhammad Yunus''' as Chief Adviser. Economic Growth and Development Since the 1980s, economic liberalization and free-market policies have turned Bangladesh into one of the fastest-growing economies in the '''world'''. The '''textile and garment sector''', the second-largest globally, has been a major growth driver. * Bangladesh is now the '''second-largest economy in South Asia'''. * Poverty rates fell from '''80% in 1971''' to '''18.7% in 2022'''. * Its '''Human Development Index''' grew rapidly, second only to China in the 21st century. * It became a global leader in green manufacturing, hosting the world’s largest number of certified green factories.
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