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Non-Institutional Factors Affecting Microentrepreneurship Development in Bangladesh

Author

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  • Alam, Md. Mahmudul

    (Universiti Utara Malaysia)

  • Hossain, Mohammad Muntasir

Abstract

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.

Suggested Citation

  • Alam, Md. Mahmudul & Hossain, Mohammad Muntasir, 2019. "Non-Institutional Factors Affecting Microentrepreneurship Development in Bangladesh," OSF Preprints yvh7x, Center for Open Science.
    • Handle: RePEc:osf:osfxxx:yvh7x
    DOI: 10.31219/osf.io/yvh7x
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    References listed on IDEAS

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    1. Gerard Mcelwee, 2006. "Farmers As Entrepreneurs: Developing Competitive Skills," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 11(03), pages 187-206.
    2. Md. Mahmudul Alam & Rafiqul Islam Molla & Mohammad Muntasir Hossain, 2010. "Microentrepreneurship Development in Bangladesh: Achievements and Shortcomings," Post-Print hal-01588658, HAL.
    3. McPherson, Michael A., 1996. "Growth of micro and small enterprises in southern Africa," Journal of Development Economics, Elsevier, vol. 48(2), pages 253-277, March.
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