The Small and Medium Enterprises
THE SMALL AND MEDIUM ENTERPRISES(SME) IN BANGLADESH: AN OVERVIEW OFTHE CURRENT STATUS
Table of Contents:
1.0 The Case for the SMEs.................................................................................................................. 2
2.0 Place of SMEs in the National Economy of Bangladesh................................ 3
3.0 Growth and Structural Transformation of SME................................................... 4
4.0 Constraints to SME Growth...............................................................................................6
5.0 SME Assistance Policies and Institutional Arrangements.............................. 7
6.0 Concluding Remarks and Proposed Agenda for Action........................................................ 8
7.0 References..................................................................................................................................... 9
1.0 The Case for the SMEs
The SMEs worldwide are recognized as engines of economic growth. The commonly perceived merits often emphasized for their promotion especially in the developing countries like Bangladesh include their relatively high labor intensity, dependence on indigenous skills and technology, contributions to entrepreneurship development and innovativeness and growth of industrial linkages. The case for fostering SME growth in Bangladesh is irrefutable as these industries offer bright prospects for creating large-scale employment and income earning opportunities at relatively low cost for the un-and unemployed especially in the rural areas strengthening the efforts towards achieving high and sustained economic growth which are critically important prerequisites for triggering an exit from endemic poverty and socio-economic deprivation.
These promotional arguments for the SMEs, while universally emphasized are often put forward by their ardent advocates in a small versus large
Table of Contents:
1.0 The Case for the SMEs.................................................................................................................. 2
2.0 Place of SMEs in the National Economy of Bangladesh................................ 3
3.0 Growth and Structural Transformation of SME................................................... 4
4.0 Constraints to SME Growth...............................................................................................6
5.0 SME Assistance Policies and Institutional Arrangements.............................. 7
6.0 Concluding Remarks and Proposed Agenda for Action........................................................ 8
7.0 References..................................................................................................................................... 9
1.0 The Case for the SMEs
The SMEs worldwide are recognized as engines of economic growth. The commonly perceived merits often emphasized for their promotion especially in the developing countries like Bangladesh include their relatively high labor intensity, dependence on indigenous skills and technology, contributions to entrepreneurship development and innovativeness and growth of industrial linkages. The case for fostering SME growth in Bangladesh is irrefutable as these industries offer bright prospects for creating large-scale employment and income earning opportunities at relatively low cost for the un-and unemployed especially in the rural areas strengthening the efforts towards achieving high and sustained economic growth which are critically important prerequisites for triggering an exit from endemic poverty and socio-economic deprivation.
These promotional arguments for the SMEs, while universally emphasized are often put forward by their ardent advocates in a small versus large