Challenges to Internationalize Bangladeshi SMEs

Arts and Social Sciences Journal, Vol. 7(6), 2016

5 Pages Posted: 13 Jan 2017

Date Written: November 16, 2016

Abstract

The Small and Medium Enterprises (SMEs) are considered as the engine of growth of Bangladesh economy. SMEs are generally labor intensive industries, generates employment with minimum capital investment. Therefore they are getting priority for employment generation and poverty alleviation in the least developed world. Governments are enacting SME friendly laws and policies to foster local SMEs. They are also establishing specialized institution for the promotion and development of SMEs in respective countries. Various international agencies as well as development partners are inspiring entrepreneurship development and small business promotion for employment generation, economic growth and poverty alleviation. SMEs used to grow faster local market but their entrance to international market is happing rarely. Analyzing causes of SME’s poor performance in international market is the main focus of this paper. We would like to know the challenges for the internationalization of Bangladeshi SMEs and recommend few initiatives to undertake by different stakeholders including the government for facilitating internationalization of SMEs.

Keywords: Small and Medium Enterprise; Internationalization of SMEs; Exporting SME Products; Methods for Internationalization of SMEs

JEL Classification: F23; M16; Q37; P42

Suggested Citation

Abdin, Md. Joynal, Challenges to Internationalize Bangladeshi SMEs (November 16, 2016). Arts and Social Sciences Journal, Vol. 7(6), 2016 . Available at SSRN: https://ssrn.com/abstract=2897965

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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