Six6s:The position of Bangladesh’s small and medium-sized enterprises in the global value chain
The position of Bangladesh’s small and medium-sized enterprises in the global value chain
Bangladesh’s small and medium-sized enterprises (SMEs) have gradually attracted global attention for their position in the global value chain. In recent years, with the accelerated development of globalization, these enterprises have not only made significant contributions to the domestic economic growth but also demonstrated their unique influence and potential in the international marketSix6s. First, SMEs are an important pillar of Bangladesh’s economy. According to statistics, SMEs account for more than 90% of the total number of enterprises in Bangladesh and provide about 80% of job opportunities. These enterprises cover a wide range of industries from textiles, food processing to information technology, promoting the development of local economies. In addition, the flexibility of SMEs allows them to quickly adapt to market changes and meet customer needs, which has also become an advantage for their participation in the global value chainparipesa. Second, Bangladesh’s SMEs are playing an increasingly important role in the global value chain. In the textile and clothing industry, Bangladesh has become the world’s second-largest exporter, with many large international brands establishing their production lines here. These SMEs play a key role not only in the manufacturing of finished products but also in the supply of raw materials and product design, gradually occupying a place in these areas. Therefore, as global attention to sustainable development and social responsibility increases, Bangladesh’s SMEs have also shown a good attitude towards green production and social enterprise responsibility, enhancing their competitiveness in the global value chain. However, the development of Bangladesh’s SMEs in the global value chain still faces many challenges. The first is the financing issue, as many SMEs find it difficult to obtain sufficient loans due to a lack of collateral assets, limiting their production capacity and potential for expansionHeyBaji. Secondly, the imperfect infrastructure, such as the lag in transportation and information and communication technology, also affects the operational efficiency and international competitiveness of enterprises. In addition, the relatively low level of technology and the lack of professional talents are also factors that制约 their further development. In order to enhance the position of Bangladesh’s SMEs in the global value chain, it is necessary for all parties to take positive measures22BET. By providing financial support, improving infrastructure, and enhancing technical training, these enterprises can overcome their current difficulties. At the same time, encouraging enterprises to innovate in technology and diversify their markets is crucial for enhancing their competitiveness in the international market. In summary, Bangladesh’s SMEs have an important strategic position in the global value chain, but in order to achieve their higher potential, joint efforts from all sides are needed to promote sustainable economic development and prosperity.