Conventional wisdom says great power rivalry makes smaller neighbors vulnerable. As recently echoed by Singaporean Prime Minister Lee Hsien Loong, “When elephants fight, the grass suffers, but when they make love, the grass suffers also.”
However, this conventional wisdom seems flawed in the case of the China-India rivalry for regional influence in Bangladesh. Instead of losing, the small South Asian country is reaping benefits. In addition to Bangladesh’s pivotal geographical location on the contested Indian Ocean, it is one of the world’s fastest-growing economies and, with 160 million people, the eighth most populous country in the world.
The size of the population, which signifies the size of the market, helps overshadow the small territorial size of this country. Bangladesh recently became eligible to graduate to developing country status by 2024. Read More