Non-Institutional Factors Affecting Microentrepreneurship Development in Bangladesh
Alam, M.M., Hossain, M.M., and Zaman, F. 2011. Non-institutional Factors Affecting Microentrepreneurship Development in Bangladesh. International Review of Business Research Papers, 7(6): 240-247.
8 Pages Posted: 28 Mar 2017 Last revised: 3 Apr 2017
Date Written: 2011
The magnitude of microentrepreneurial activities plays a decisive role in the economic development of the rural livelihoods, especially in third world countries. Microentrepreneurship has always been considered as a proven instrument to fight poverty in an effective manner. As a consequence, poverty alleviation through rural centric microentrepreneurship development has been focused for more than the last thirty five years in Bangladesh. However, despite such initiatives, the state of microentrepreneurship in Bangladesh has not yet reached to a satisfactory level. There are a number of prevailing factors that thwart the development of microentrepreneurship in Bangladesh. Among all the factors, non-institutions encompassing various political, economic, social, cultural, technological, environmental and personal factors are affecting the scopes of operating these economic activities to a significant extent. This paper attempts to identify the key non-institutional barriers that hinder the development of microentrepreneurship in Bangladesh, and suggests a composite policy measure to overcome such encumbrances.
Keywords: Development Economics; Microcredit; Microenterprise; Microentrepreneur; Microentrepreneurship
JEL Classification: O12; O15; O43
Suggested Citation: Suggested Citation