Bangladesh’s position in global research and development investment
Bangladesh’s position in global research and development investment is gradually rising, becoming an increasingly important center for technological innovation in South Asia. Although its level of research and development investment is still relatively low compared to developed countries, with the continuous promotion of policies and market demand, Bangladesh is showing strong growth potential in research and development activities in many fields. First of all, Bangladesh has actively promoted the development of science and technology in recent years and regards research and development as an important means to enhance national competitiveness. According to data, although the proportion of research and development investment in Bangladesh’s GDP is still at a low level, relevant policies have been formulated to significantly increase this proportion in the coming years. This includes increasing financial support for educational, technological, and research institutions, and encouraging domestic and foreign enterprises to increase their research and development investmentIvibet. Secondly, Bangladesh’s digital economy is developing rapidly, providing a good soil for research and development activities. The information and communication technology (ICT) industry is thriving, with many startups emerging. Among them, innovation in software development, mobile applications, e-commerce, and other fields is active, attracting the attention of many foreign-funded enterprises, thereby promoting the progress of local enterprises in technological research and development. For example, Bangladesh’s ‘Science and Technology Parks’ are growing like mushrooms, becoming important bases for cultivating talents and technological innovationHeyBaji. In addition, Bangladesh’s research and development investment in the pharmaceutical, biotechnology, and agricultural technology sectors is also showing a growing momentum. Bangladesh is one of the world’s major generic drug producers, and its investment in the pharmaceutical industry is increasing continuously, not only meeting domestic demand but also expanding into the international market. In the field of agricultural technology, facing the challenges of population growth and climate change, Bangladesh is also striving to develop drought-resistant and pest-resistant crops to ensure food security. However, Bangladesh still faces some challenges in research and development, such as insufficient funding, weak infrastructure, and talent loss. These issues limit the full release of its research and development potential. Therefore, Bangladesh needs to make greater efforts in improving the research and development environment, attracting overseas talents, and strengthening international cooperation. Overall, although Bangladesh’s position in global research and development investment still needs to be strengthened, with its proactive policy support, rapidly developing digital economy, and diversified industry layout, it is expected to play a more important role in global technological innovation in the future.