ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

General Economic Problems of Small and Medium Industries

Updated on April 8, 2015

Bangladesh is:

1. A densely populated country with a high growth rate of population;

2. Primarily an agricultural country where its contribution in the GDP is about 54 per cent;

3. A rural based economy where 90 per cent of the people live in the rural areas;

4. With per capita income, rate of savings and the growth of GDP being one of the lowest in the world;

5. With industries still at an infant stage and major portion of exports consisting of primary and semi-processed goods while importing a large variety of finished goods;

6. With small and medium industries providing a large share of employment and consumer goods; and finally,

7. With constraints of economic development, that is insurmountable in the present state of the socio-economic conditions.

For the country’s economic development, vigorous and gigantic efforts need to be initiated. As regards the prospects of economic development, there are two predominant views existing in the country. One is the pessimistic and other is the optimistic view. The pessimistic view goes on to say that agriculture in Bangladesh can do very little for its economic emancipation. The population in the country is huge and growing at an alarming rate. Agriculture is unable to feed and provide resources for the development of the country. Whereas modern large-scale industries will take along time to develop and meet the requirements of the country, the small and medium industries would be the best way out. The optimistic view holds that agriculture still has growth potential and can provide resources for the future development of the country. In order to get the desired result from agriculture, industrial support by way of essential tools and inputs to irrigate, cultivate, fertilize, crop-care, and harvest are needed. Most of these could be produced by small and medium industries spread all over the country and with indigenous techniques which require less skilled workers.

It is interesting to note that both the views are agreed on one point that small and medium industries are essential to foster any economic development in the country.

In the world of continuous changes and modernization, one simple explanation for the death of famous handicrafts and cottage industries of Bangladesh is that this sector had simply failed to introduce new techniques and methods of production. It is really a paradox that the small and medium industries, though they have so much to do in developing the economy of the country, have still remained so neglected and uncared for. Is it because of its problems and careless treatment that this sector is in such a pathetic situation? Or is it just a part of a stagnant economy? Or is it because of the policy of the government not to do anything for it and let it go on its own?

The Next Financial Crisis


    0 of 8192 characters used
    Post Comment

    • rajanrayhan profile imageAUTHOR

      Mitali Chowdhury 

      3 years ago from Bangladesh

      Supplier of air conditioners in Bangladesh


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)