With an overall score of 5.15/12, Bangladesh is below standard on the economic, legal, and political indicators that make up our Business Index. Bangladesh can be categorized as a market-based, but statist economy with a substantial number of State-Owned Enterprises operating in many sectors. The government is in the process of privatizing many of them, but progress appears slow. Although the Bangladeshi government encourages foreign investment, and offers incentives for industrial investments, many critical sectors remained sheltered from private investment. The Heritage Foundation notes that capital transactions are subject to control or prohibited, but the U.S. Department of Commerce claims that foreign firms do not experience much difficulty in the repatriation of funds. Overall, the business climate suffers from a number of restrictions. These include the requirement for government approval on non-industrial investments, inadequate implementation of laws, labor militancy, an unpredictable legal situation, and poor infrastructure. Property laws are out of date and intellectual property rights enforcement is weak. Political instability, caused by terrorist movements and activities, may pose a threat to investment. Corruption is rampant and endemic at all levels of government a fact that is reflected in Bangladesh's ranking of 162nd out of 180 countries in Transparency International's 2007 Corruption Perceptions Index.