Introduction:
Four years ago
Bangladesh was listed among LDCs. But the situation has been changed. Now the
country in considered as a developing country so, it is sure that some changes
happened during the near past. The thing that happened is nothing but socioeconomic development. It happened due to changes in manufacturing and
service sectors. And it is definite that people of this sector have done this revolution.
Mostly, the men behind our small and medium enterprises should get the credit. Because,
there are no large industry in our country. In real context, the problem arises
from this point .In international business; the limit is outside the boundary
of the country. It is possible to do business over the globe for a large
Company. But, till now we have not a single company
which can do cross border business. It is a matter of great discussion. We must
discuss the problems of Bangladeshi entrepreneurs in international business as
well as their prospects. But before the discussion, we want to present some
facts and figures in this regard.
Facts
and Figures:
Bangladesh, a country
of 160 million people, is the 8th largest country among 191
countries of the world. It is ranked as 33 among 191 countries as per its GDP.
GDP has been doubled during the last two decades. It is now enjoying the degree
of openness in international trade is (% of GDP) at 43.3% which was only 16.8%
in 1991 and 13.5% in 1981. The degree of global integration as measured through
the external sector is double. FDI and debt accounts in relation to GDP were
55.6% in 2007 compared to 21.2% in 1981.
Considering as one of
the most popular countries, Bangladesh has a large domestic market. There are a
huge number of consumers. We can affect our national and international business.
But having such types of advantages, we have failed to create a good numbers of
entrepreneurs who can dominate international business. The issue needs further
discussion. We will now discuss the problems and prospects of Bangladeshi
Entrepreneurs in international business
Problems:
Problems include many
factors. Most of them are i) poor
transportation Facilities ii) lack of entrepreneurship education and
training iii) financial assistance iv) hartal and strikes v) law and order
situation vi) bureaucracy vii) lack of control of corruption viii) lack of
adequate investment ix) lack of government support and assistance x) lack of resource
and development xi) inadequate information xii) inability to forecast demand
xiii) frequent power failure xiv) inadequate telecommunication service xv) fear
of failure xvi) lack of technology xvi) poor legal and regulatory framework xvii) lack of skilled workers xix) poor
quality and standard xx) lack of courage
for starting a business xxi) failure of our testing institutions xxii) inefficient
market practices xxiii) lack of Bangladeshi origin multinationals.
The list of problems
may be larger but these are not all. If we analyze our past and consider our tradition,
when any Bangladeshi company starts to get its shape and dimension, it is a matter
of great regret that corruption inside the company and outside the company
increases beyond at par. It destroys all good efforts.
Actually, to be an
entrepreneur, a person should be well educated, well trained, a man of
principle, a man of good courage and obviously a man who has the dream to be a
merchant. But we are always lagging behind such type of qualities.
The country, as well as,
every person of the country has some responsibilities for building the nation. Development
and excellence in manufacturing and service sector can help a lot to build a
nation. So we all should provide support to entrepreneurs. But the environment
is negative for entrepreneurs. He always fights a lot in everywhere.
Prospects:
Only success in
domestic level can help a company to be an international one. But it is very
hard, now a day, to be a successful company in our country. Besides all
negatives, we have some light of hope in front of us.
The problems we
discussed earlier are our main obstacles. But if we become able to eradicate
these problems all of our disadvantages can be our advantages. So, steps should
be taken first from our home. If we are able to make some Bangladeshi companies
successful in the domestic level then we can hope that if proper nourishment is
possible then they will be able to be such entrepreneurs who will be successful
in international business.
Government should take
the first step. It should fix its policy in such a way which can help any
company to be an international one. Relationship among all levels should be
established. The company should join different regional and international
groups, pacts ad organizations. It should pave the way in such a way that can
be very helpful for the entrepreneurs.
We still have some
prospects in our hand. We may summarize them in such a type that can clear our
motif. First of all our large population creates one of the largest markets of
the world. It is our great advantage. We can set condition for any foreign
company that if you want to business in our market you should allow our
companies in your market.
We have a huge number
of manpower. We can make them skilled so that they can support our companies
from top to bottom. Our skilled manpower who are working all over the world in
different multinationals can help us by sharing their experiences and ability.
Bangladesh has done a
lot of development during the last three decades. It is now enjoying a semi-stable
economy with a mentionable growth. Its GDP is remarkable. It is developing its
infrastructure at a good pace. The country is now enjoying such a good road and
transportation network. All of them are good signs for entrepreneurs. The world
is a global village. The digital network is dominating the whole world.
Bangladesh is not lagging behind of it. Almost all the country is under the digital
network. All the departments of our government is now under digital network.
The country is enjoying digital information system. It can help a lot to our
entrepreneurs to be international businessmen.
The socio-economic
condition of the country is as good as it should be. It is better than any time
is the past. So it is right time for Bangladeshi entrepreneurs to be international.
Bangladesh is
considered as one of the rising economy of the world. It is called the next lion
of Asia. It is enjoying good bi-lateral and multi -lateral relationship throughout
the world. This position can be utilized as our good advantages.
Our government has
taken many steps both in domestic and in international level. A good number of world’s
leading countries are implementing projects in Bangladesh. It is a good sign
for our being international.
Most of the entire
world has a focus on Bangladesh. Its recent success ensures its position. Al
least it can be a dominating one in regional level.
Conclusion:
Every issue has its
problems and prospects. Our issue has also its own advantages and dis
advantages. We tied our level lest to find out them. But this is not all. We
will be success we can change our disadvantages to our advantages. If our
problems have become our prospects our tangle will be fulfilled. Efforts from all levels
are very necessary. We should not depend only our government. We have some responsibilities
also. Our entrepreneurs have some duties and responsibilities also. Actually,
they should shoulder the main responsibilities. We should help them. Then the
mission will be successful. We hope in near future Bangladesh will get at best
a minimum number of companies which will dominate international business. May
be it is PRAN group, Grameen-Danone, Ekhanei.com or any.
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