The Global Entrepreneurship Monitor is based on the following premises:
Entrepreneurship has been recognised as an agent of development and transformingbusiness ideas into economic opportunities. The United Nations has stated that achievingits poverty-reducing policy or Millennium development goal depends on the advancement of entrepreneurship and private sector development. So, progress of entrepreneurship in Bangladesh will help to reduce its existing high level of poverty.
The GEM Bangladesh survey was undertaken in some very difficult conditions ranging fromextreme weather and political turmoil in the country which interrupted the fieldwork onmany occasions. The survey was conducted in all seven administrative divisions ofBangladesh among 2,000 randomly selected adults from urban and rural areas using theKish method of sampling. In addition, a National Expert Survey about ‘entrepreneurialframework conditions in Bangladesh’ was undertaken among a range of experts inBangladesh across different sectors.
The GEM Bangladesh team is based at the International Islamic University of Chittagong,which is one of the nine top graded private universities in Bangladesh. Bangladeshbecame the 60th country to participate in the 2011 GEM Global survey.
During 2011, early-stage entrepreneurial activity was 12.8% in Bangladesh, while theaverage for the comparative economies was 13.4%. The entrepreneurial attitude indicatorsused in this study showed that opportunity perception in Bangladesh is the highest amongthe comparative economies and third, globally.
However, the rate of perceived capabilities was the second lowest and the fear of failure was the highest in Bangladesh amongst the global comparison set.
In comparison to similar economies, Bangladesh is in a better position with regards to the entrepreneurship institution profile - especially in financing and cultural support. However, the country exhibits the same conditions in physical infrastructure and internal market dynamics when compared to similar economies.
For further information visit the Global Entrepreneurship Monitor (GEM) webpages or download issue 2 of Aston Advances.