Introducing Cluster Development Programme in Bangladesh Bangladesh is one of the most promising emerging economies in South Asia. The averaged GDP growth of the country is 6. 5% which has been largely driven by its exports, remittance and agricultural sectors. Recently, manufacturing industry and service sectors are growing rapidly and the involvement in farming is decreasing. Bangladesh has a lucrative opportunity to become one of the leading economic powers in Asia by properly utilising its cheap labour and geographical position. Bangladesh is the pioneer in introducing microfinance in the world. Eventually, it encouraged the many micro and small enterprises to be established in the fertile land. Many of the small and medium (SME) …show more content…
So this is the high time for the government, different organisations like the Bangladesh Bank, BSCIC, SMEF, NGOs, banks and international organisations like the UNIDO, World Bank, Asian Development Bank to work together for the SME clusters development. The higher educational institutions in Bangladesh also can contribute to the CDP through conducting comprehensive research and by organising continuous development programmes. Recently, I got a call from an employee of Bangladesh Small and Cottage Industry Corporation (BSCIC). He shared a problem with me that he found some lentil producers from the BSCIC industry area who are struggling to survive in the market because their sales are going down and some of them are thinking to wind-up their businesses. So he asked me for sharing some solutions considering their problems. I replied to him that the lentil producers can create marketing consortia by doing which they can increase their sales initially. Before that, they have to maintain a standard quality of their products so that they can sell the produced lentils by a common brand locally and nationally maintaining the same quality. They can also decrease the cost of the production and packaging as the volume will be huge altogether. Later I also added some other recommendations which they can think to work with in the long run like technological
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In both developing and emerging economies, microfinance has vastly and increasingly been seen as one of the most important means for enhancing the lives of the poor and therefore a major tool for economic and social development mostly in rural areas. Lately, contrary to this widespread belief, critics have raised eyebrows against this growing popularity of microfinance as a major tool for enhancing economic development. Contrary to belief, they are of the opinion that microfinance is a ‘make-belief’ that is hindering economic and social development rather than enhancing it.
It is notable here that, Bangladesh is going to middle income earning country and according the many leading economic and finance expert it is to be the 23rd largest economy in the world by 2050 whereas many European nations will have smaller economies and less social security than us. The rise emerging market will boost the country’s employment, entrepreneurial and better living standard for everyone. As there already are many globally recognized accounting, finance and think tank organizations working within the country and I am highly positive to secure a brighter future for myself on my return to
1. What are some of the advantages of mobile devices that help residents of sub-Saharan Africa to better receive information and facilitate communication?
It seeks to improve financing, provide assistance in the form of training to local enterprises and micro, small and medium-sized enterprises (SMEs) and to reduce the cost of doing business. The initiatives undertaken by the BEDB and other government ministries and agencies to promote local business development include various grant, subsidy and loan schemes; investment funds; training programmes, and advice and information
iOS is a mobile operating system designed by Apple Inc. to support Apple devices such as iPhone, iPad, and iPod. iOS provides various features including security and inbuilt iCloud. In this research paper, we are going to study the overview of the mobile operating system and how it is different from desktop operating system. Then, we are going to explore iOS operating system on various bases such as different layers of iOS, iDevices, its features, security and its limitations.
Almost half of the world lives on less than $2.50. At least 80% of humanity lives on less than $10 a day. According to UNICEF, 22,000 children die each day due to poverty. Poverty is an ever-present issue that affects the lives of billions of people each day. There are many government subsidies that come into impoverished areas, but does money solve the issue of poverty? No, money alone cannot solve the world’s issue of poverty. In this paper, I want to discuss the role of microfinance in the developing world. Microfinance can be done poorly, which will continue to stunt the economic growth of an area, but if done properly microfinance can being human flourishment to a developing area. In order to take a closer look into microfinance, I will highlight the efforts that Kiva, an online lending company, has done to improve the economic horizon for many areas of the world.
Microcredit can be defined as small loans, or microloans, for people around the world in extreme poverty to help spur entrepreneurship. The issue of microcredit is extremely important in the world’s economy. Poverty alleviation and economic development are the primary goals of microcredit programs, that is why they began in the developing countries of Asia and Latin America, economist Muhammad Yunus and his Grameen Bank in Bangladesh are credited of pioneering this financial innovation (Smith, Thurman, 2007). After acquiring a loan, impoverished people get involved in self-employment projects that help them to start a business and begin generating income and in many cases leave poverty. Microcredit offers loans to poor people without
What is microlending? In simplest terms microlending is the lending of very small amounts of money at low interest, to low income people in urban and rural areas. It started forty years ago, when a person named Muhammad Yunus was visiting his family and his country Bangladesh which had recently become an independent country. Muhammad Yunus had left his home country then –East Bengal- when he was a child with his parents in search of a better future. He graduated from Vanderbilt University in Nashville, Tennessee, with a PhD in economics. Muhammad Yunus is the founder of Grameen Bank, the first non-profit organization to offer microfinance services in Bangladesh and in the world (New York Times). This bank showed the world on how little
The report is providing “recommendations to the employer of Computer Systems Support Center to implement mobile technology in organization in order to increase the efficiency of operations by providing effective communication network and information system through mobile applications and mobile devices”. It will provide the opportunity to the company to resolve the issues related to communication and sharing of information. In this report it is planned to provide recommendations directed towards Computer Systems Support Center to implement updated technology which help the company to facilitate the sharing and coordination of information to external and internal organizations that are working with company. Recently mobile
This project involves the mobile application development using the swift programming language in IOS which includes advanced functionalities such as speech recognition with voice transcription and search functionality using the built in “Spotlight” search function.
Our identified population consists of family caregivers of people with dementia in Canada. As such, we need to implement our model in a way that it is accessible and usable for this population. The health promotion strategy that we intend to use is the development of a mobile application. The intention behind this app is to provide a free, accessible tool that caregivers of family members with dementia can use to mitigate the extremely high rates of depression, caregiver fatigue, and burnout, that are experienced by the family caregiver population (Snyder et al., 2015).
The highly demand of rapid health information has led to more inventions in telemedicine technologies. In addition, smartphones and accessibility of the Internet connection have contributed significantly to evolve telemedicine applications to provide better health delivery system (Ngabo et al., 2012). (Free et al., 2013) also states that in health sector particularly in developing countries, using mobile phone have many positive impacts, for instance, improving communication in health information system, educating and controlling patients, as well as for sexual and reproductive health care.
As the world economy has developed rapidly these years, small to medium sized companies are playing important roles in the acceleration of the global economy development especially in those developing countries. An optimistic finance environment is especially needed to the small and medium-sized company at each stage of their life cycle, from creation through operation, development, restructuring, recovery and beyond. (Agrebi, Mohamed,2009) In this paper, the mainly source of finance to SMEs and the financing difficulties which it may face will be described.
Thus, in Brunei’s perspective, there is an upmost importance for economic diversification via promoting the growth and development of small medium enterprises (SMEs). SMEs play an indispensable role in the development of a less economically developed country to improve its economic outlook. However, the SMEs within the local business ecosystem are
The importance of small and Micro Enterprises (SMEs) in the economy of any country cannot be overlooked. In fact for nearly 15 years, most researchers dealing with economic planning have highlighted the significance of these enterprises stating that they are a key player in realizing any country’s economic goals. As such, governments as well as other organizations with interest in development are laying plans and strategies to promote the establishment of Small and Micro Enterprises. This is seen as a move to ensure that there is full participation of SMEs in the country’s economy. The Small and Micro Enterprises have been known to contribute to a large extend as a source of innovation, entrepreneurial skills as well as source of employment. For example, statistics in 25countries of the European Union show that 99% of the jobs provided to its citizens come from the micro, small and medium-sized enterprises. Rowe (2008) points out that the British economy relies heavily on the participation of SMEs. On the other hand, 99% of the UK’s economy is composed of small and micro enterprises.