Psychology and Psychotherapy: Research Study

Navigating the Path of Entrepreneurship in Emerging Economies: Spotlight on SMEs in Bangladesh

• Open or CloseMahamudul Hassan¹* and Ayesha Ahmed Ridi²

  ¹Associate Professor Chairman, Department of Development Studies, Bangladesh University of Professionals, Bangladesh

  ²Lecturer, Department of Development Studies, Bangladesh University of Professionals, Bangladesh

  *Corresponding author:Mahamudul Hassan, Associate Professor Chairman, Department of Development Studies, Bangladesh University of Professionals, Bangladesh

Submission: February 11, 2026;Published: March 23, 2026

DOI: 10.31031/SIAM.2026.06.000630

ISSN 2639-0612
Volume6 Issue1

This study thoroughly explores entrepreneurs’ significant challenges in developing countries, using Bangladesh’s SME sector as a focal point. Despite a vibrant entrepreneurial spirit, Bangladesh contends with unique obstacles that impede the growth and success of entrepreneurial ventures. These challenges include inadequate infrastructure, complex regulatory systems, limited capital access, high transaction costs, and a lack of entrepreneurial education and training. By applying systematic review, this paper suggests that technological advancements, particularly Artificial Intelligence (AI) integration, are required to mitigate these challenges and foster a more supportive environment for entrepreneurial growth. By drawing on global references, the study underscores the need for strategies specifically designed to enhance entrepreneurship in Bangladesh. The paper concludes by analyzing entrepreneurial behavior patterns based on extensive literature reviews from different secondary sources. This study contributes significantly to the broader discussion on entrepreneurship in developing countries and lays the groundwork for future research. Finally, several potential recommendations are proposed, including infrastructure development, regulatory simplification, access to capital, entrepreneurial education and training, promotion of AI and technology, regional development strategies, and research and development. These recommendations aim to tackle the significant challenges of entrepreneurship in developing countries like Bangladesh and pave the way for future entrepreneurial initiatives.

Keywords:Infant industry; LDC; Entrepreneurship; Emerging economies; SME; Developing country