3. Political Alternation as Signal
Even when sidelined or placed under house arrest, Khaleda Zia symbolized electoral alternation—a signal to investors that Bangladesh was larger than any single ruler.
Markets price continuity of rules, not continuity of rulers.
The Student Uprising: Economics Meets Ethics
The student-led protests that ultimately forced Hasina’s exit were triggered by a discriminatory quota system, but they endured because of economic suffocation—shrinking opportunity, rigged access, and politicized merit.
The killing of activist Osman Hadi, allegations of state-linked violence, and internet shutdowns shattered investor confidence. Capital reacts faster than propaganda.
The streets spoke what balance sheets already knew.
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