Tech companies are the biggest players in global business
To say that the future development of any economy will be rooted in technological innovations and advancements is an understatement; the 21st century already has shown, through the growth of companies such as Google, Facebook, and Amazon, that tech companies are the biggest players in global business in our time.
To that end, it is imperative for an emerging economy such as Bangladesh -- one with lofty aspirations of attaining certain economic milestones in the near-future and beyond -- to create an environment where its entrepreneurs will be encouraged to pursue technology-based initiatives.
Nurturing tech entrepreneurs in a country that is simultaneously witnessing impressive economic growth but also going through an employment crisis, especially amidst the youth, will not only create future opportunities for employment, but will be an integral factor in sustaining and bettering the economic growth that Bangladesh is currently undergoing.
However, in addition to encouraging technology-driven entrepreneurial endeavours, what is also needed is ensuring that its future employees are equipped with the right skills required to bring success to these initiatives, and by extension, the Bangladeshi economy as a whole.
There has been plenty of talk in recent times about Bangladesh needing to create a more favourable business climate, be that for domestic or foreign investors. Although the authorities concerned are taking some initiatives, greater urgency is required in order to capitalize on the demographic dividend of Bangladesh.
Tech entrepreneurs will bring innovation to the overall business climate of the country, which has threatened to stagnate, and as such, they should be encouraged and nurtured so that Bangladesh can sustain its impressive economic ascent.