Bangladesh climbs two places in Global Entrepreneurship Index
Ranks 132nd among 137 countries in the latest index
Bangladesh ranks 132nd among 137 countries in the index, published by the Global Entrepreneurship and Development Institute on Thursday, being 134th in 2018.
The country is placed in 119th in entrepreneurial attitude sub-index, 124th in ability sub-index, and 137th in the aspiration sub-index.
Entrepreneurial attitudes are about how a country thinks about entrepreneurship. The second sub-index is about required skills to run a start-up. The third assesses the potent value of the initiatives taken.
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The United States, Switzerland, and Canada were placed at the top of the entrepreneurship index this year.
Among South Asian countries, India secured 78th position, Sri Lanka 101th, Myanmar 107th, and Pakistan 109th.
Factor-driven countries with a low gross domestic product, such as Pakistan, Bangladesh, Uganda, and other poor African countries, are at the bottom of the entrepreneurship ranking, as expected, said the report.
The factor-driven economy is the first stage of development, in which competitive advantage is based on unskilled labour or natural resources.
The Global Entrepreneurship Index measures the quality and dynamics of entrepreneurship ecosystems at a national and regional level. It is composed of three sub-indices – entrepreneurial attitudes, entrepreneurial abilities, and entrepreneurial aspirations.
