Description

This paper elucidates Bangladesh’s stance and level of readiness in relation to the prevailing global balance of power. Utilizing the Power Transition Theory and A.F.K. Organski’s power hierarchy and distribution of satisfaction model, it explores how Bangladesh, despite being a small power, has adeptly maintained balanced relationships with major powers. Adhering to its foreign policy adage, “Friendship to all, malice towards none,” Bangladesh has leveraged its strategic location and economic potential to foster positive relations with China, India, and the United States. This balanced diplomacy has attracted foreign investment and support, contributing to its transformation from a ‘basket case’ to a rising economic star.  However, as regional geopolitical tensions escalate, Bangladesh faces challenges in maintaining neutrality and safeguarding its national interests. The paper analyzes Bangladesh’s position in the contemporary balance of power, its hedging strategy, and the challenges it confronts, including demographic issues, lack of natural resources, natural calamities, and the Rohingya crisis. It goes onto argue that despite these hurdles, Bangladesh’s robust economic development signals its potential to become a significant player in the Asian region. The paper also underscores the need for Bangladesh to strategically plan and work towards improving its socio-economic status, while crafting its own narrative of survival and success. 

Keywords: Bangladesh, Balance of Power, Hedging, Asia, Power Transition.