This article explores the consequences major power rivalries over connectivity investments have for small states in Asia and thereby contributes to a better understanding of small states' strength and capabilities in an increasingly multipolar world. With reference to the literature on small states, field work, and interviews, the article explores Bangladesh's remarkable success in reaping the benefits from relations with rivalling major powers over the past decade. Three explanatory factors stand out: first, Bangladesh's 'intrinsic' value to major powers increased; second, its political leadership has been particularly adept in dealing with such major powers; and third, systemic factors - the number and kind of major powers with stakes in ...