Edited by Léo-Paul Dana, Mary Han, Vanessa Ratten and Isabell M. Welpe
Chapter 6: Bangladesh
Muhammad Mahboob Ali Introduction Bangladesh became independent in the year 1971.When the country was independent, entrepreneurship among local people was limited to only 2 percent of the total population. It was ironic that at that time non-Bangalis largely controlled entrepreneurship. But Bangladesh has a magnificent model of entrepreneurial activity from ancient times to the seventeenth century. At that time it had small and cottage industries, shipping industries, gold and silver smithies, milk products, the making of combs and buttons from animal bones, treatment of raw hides, papermaking, sugar, salt industries, and so on. The then Bengal was enriched by shipping commodities to various parts of the world. After the seventeenth century these entrepreneurial activities almost ceased. Local people in the country declined to work at entrepreneurial activities due to political and historical reasons. Unequal exchange worked at that time. As a result, in this geographical location, entrepreneurship developed by the local people was almost destroyed. Although British rulers left this area in 1947, a second colonial era started. This second colonial era continued till 1971 before the birth of independent Bangladesh. During this period West Pakistan ruled the country. At that time entrepreneurship was developed mainly by West Pakistan in different industrial sectors, but especially the jute sector. But capital flowed out from this region to the then West Pakistan. Lack of capital and lack of farsightedness by the local people, and an anti-entrepreneurial attitude, meant the local people did not become entrepreneurs. Almost 98 percent of owners of industry,...
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