Bangladesh has made significant economic and market reform progress over the last decade. As such, the country is slowly coming to the attention of investors as a 'frontier market' due to its vast population, low-cost labour and proximity to India and China. The government's goal is to significantly boost inward foreign investment by opening up several sectors for private investment and offering tax incentives to incoming businesses. Overall entrepreneurial activity is disadvantaged by an uncertain regulatory environment, poor infrastructure and the absence of effective long-term institutional support for private-sector development.