Dhaka, Nov. 23 -- Economist Rehman Sobhan has called on Bangladesh to fundamentally reassess its global economic strategy as the centre of global power rapidly shifts toward Asia. He cautioned that continued reliance on Western markets and legacy assumptions could leave the country exposed to new risks.

Speaking at the 'Bay of Bengal Conversation' organised by the Centre for Governance Studies (CGS) on Saturday in Dhaka, Sobhan said the world of 2025 represents "a profoundly altered global landscape," where economic weight is increasingly concentrated in the Global South-particularly South, Southeast, and East Asia.

He observed that China is already the world's largest economy in purchasing-power-parity terms, India is climbing swiftly,...