Setting Up an Entrepreneurship Development Institute

The Financial Express, January 2012

3 Pages Posted: 11 Aug 2013

Date Written: January 27, 2012

Abstract

The economic growth rate of the country has been fluctuating between 4.0-6.0 per cent during the last two decades. If we look into the annual gross domestic product (GDP) growth statistics, we observe that the growth curve varied from year to year, dipping in some years while rising in others. Now the question is why the growth curve is not sustaining?

Although many new enterprises are being established every year, a large number of the established ones go out of business during the same period due to lack of adequate entrepreneurial skills. As a result, it has a negative impact on economic growth. According to the statistics, there were about 6.0 million small and medium enterprises (SME) in Bangladesh in 2003. The number of SMEs still remains the same today. Why is the number of SMEs not increasing?

Keywords: entrepreneurship development, Entrepreneurship Development Institute, Need for an Entrepreneurship Development Institute in Bangladesh

Suggested Citation

Abdin, Md. Joynal, Setting Up an Entrepreneurship Development Institute (January 27, 2012). The Financial Express, January 2012. Available at SSRN: https://ssrn.com/abstract=2308311

Md. Joynal Abdin (Contact Author)

DCCI Business Institute (DBI) ( email )

DCCI Building (11th Floor), 65-66 Motijheel C/A
Dhaka, 1000
Bangladesh

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