Agribusiness Potentials for Bangladesh — an Analysis

Abstract

Bangladesh cannot sustain long-run economic progress without having a strong agricultural sector accompanied by a dynamic agribusiness sub-sector. This study has been undertaken as an exploratory study to assess the role and significance of agribusiness in Bangladesh along with the current status and future potentials. Various institutional and other weaknesses and challenges were deemed to exist in the country that prevents full realization of the potentials of this industry. At a general level, the paper recommends various structural, institutional, and market-friendly policy reforms accompanied by infrastructural developments in order to encourage entrepreneurship, innovation, and investments along with better and more effective strategic management of this sector. Such reforms are expected to promote better utilization of scarce resources to promote a strong, dynamic, and sustainable agribusiness sector that would be able to contribute substantially to industrialization and economic development of the country.

Keywords

• Agribusiness
• Agricultural trade
• Bangladesh
• infrastructure development
• institution-based view
• policy reforms