Challenges to Internationalize Bangladeshi SMEsJoynal Abdin M*
Department of Economics, National Agency for Small and Medium Enterprise Foundation, Bangladesh
- *Corresponding Author:
- Joynal Abdin M
Department of Economics
National Agency for Small and Medium Enterprise Foundation
E-mail: [email protected]
Received date: September 07, 2016; Accepted date: November 10, 2016; Published date: November 16, 2016
Citation: Joynal Abdin M (2016) Challenges to Internationalize Bangladeshi SMEs. Arts Social Sci J 7:230. doi: 10.4172/2151-6200.1000230
Copyright: © 2016 Joynal Abdin M. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
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.