Economic development generally refers to the quantitative and qualitative changes in the economy to promote the standard of living and economic health of a specific area. This article focuses on the role of cottage industry in economic development. We have identified various factors of economic development on which the cottage industry is contributing a lot. To explain it we have collected primary data through structured questionnaire. This paper also discusses the problems associated with cottage industry. Five sectors of cottage industry have been included into this study. This paper focuses on the contribution of each sector to the economic development of Bangladesh. Finally, some recommendations are put forth for the development of cottage industry so that this industry can thrive and contribute more to the economic development of Bangladesh.
The Implementation Of Oil Palm Based Regional Innovation System (Sida) In Supporting The Masterplan For The Acceleration And Expansion Of Indonesia’s Economic Development (Mp3ei) Of The Economic Corridor Of Sumatera-Indonesia (Published)
The purpose of the research is to determine the Implementation of Oil Palm Based Regional Innovation System (SIDA) in Supporting the Masterplan for the Acceleration and Expansion of Indonesia’s Economic Development (MP3I) of the Economic Corridor of Sumatera. It is a qualitative-descriptive research. The population in this research was the residents of Desa Mangkei Lama and Desa Mangkei Baru for 150 families. The sampling was conducted by using the purposive random sampling technique with certain criteria. The minimum sample size in this study was 30 respondents. With the Special Economic Zone (KEK) of Sei Mangkei which cultivates the oil palm it produces the CPO but not fully distributed yet. Many distributed oil palm products still need to be developed into a large-scale laboratory scale industry. The growing oil palm nursery on the developed village which is a supplier of seeds for the oil palm plantations. The developing Cooperative of oil palm midribs based Cattle feeds that supplies the feed for the cattles, Excelent Calves and Bio Gas. The plantation community empowerment through the Biomass stove using the Shells and Briquets. The Oil Palm plantations produce CPO but not fully distributed yet. Many distributed oil palm products still need to be developed into a laboratory-scale industrial scale.
The aim of this paper is to review the literature and show the strength and weakness of business incubation in developing countries. This paper is based on a wide literature review, focused on the identification of the incubators as tool for economic development. We found that 1) business incubators provide support for start-up companies, 2) graduated companies tend to have a greater probability of success and 3) graduated companies have a significant positive impact on economic development. These findings can help policy makers, governments, and practitioners with their implementation in incubator programs, leading to better planning and a greater chance of success. This paper contributes to enhance the understanding of the strategic implementation of incubator models in developing countries and provides useful information to both academicians and practitioners who are interested in incubator programs.