Overcoming Traditional Constraints: Strategies for Fostering an Inclusive Entrepreneurial Ecosystem in Bangladesh

Emon Chowdhury

MPRA Paper from University Library of Munich, Germany

Abstract: This paper analyzes the impact of economic, socio-cultural, and institutional factors on entrepreneurial success in Bangladesh. Using primary data from a structured survey with judgmental sampling, factor analysis and regression models are used to examine these relationships. The findings show that a strong economic climate fosters entrepreneurship, but challenges such as limited access to financing and inadequate infrastructure hinder success. Socio-cultural factors, like traditional family structures and gender roles, significantly restrict women's participation. Institutional support, including policies and organizations, is crucial for success. The study highlights the need for targeted interventions to promote inclusive entrepreneurship. Policymakers should improve access to financing, reduce interest rates, and invest in infrastructure. Promoting gender equality and supportive policies is essential to enhance women's participation and guide entrepreneurs. Creating a conducive entrepreneurial ecosystem in Bangladesh can drive economic growth, reduce poverty, and empower marginalized groups, especially women.

Keywords: Entrepreneurship; Bangladesh; economic factors; socio-cultural factors; institutional factors; mindset (search for similar items in EconPapers)
JEL-codes: G2 L1 L6 M1 (search for similar items in EconPapers)
Date: 2024-10-12, Revised 2025-04-27
New Economics Papers: this item is included in nep-ent and nep-sbm
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Forthcoming in Dharna 12.1(2025): pp. 1-28

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