Public Administration News
Share
 |
Bangladesh: Create More Jobs to Spur Growth - Entrepreneur |
| Source: |
unbconnect.com |
| Source Date: |
Friday, August 24, 2012 |
| Focus: |
Knowledge Management in Government
|
| Country: |
Bangladesh |
| Created: |
Aug 28, 2012 |
|
|
The country urgently needs to create better jobs for all to accelerate growth by identifying high employment generation potential industries and sectors, said a leading entrepreneur and former adviser to the caretaker government. “Bangladesh has made slow but steady progress over the past 40 years in its quest to improve the lives of its people by providing them with gainful jobs,” said Syed Manzur Elahi, chairman of Apex Group. He said the inability to create gainful and decent jobs may jeoparadise social order even regional stability that has been seen in Europe and the Middle East recently. In his recent write-up titled ‘Creating Jobs for All’, Elahi said job creation has been more rapid in services and manufacturing and there has also been some qualitative improvement as well through higher participation of educated labour and female labour in the total workforce. “These have helped bring about increases in real wages and average labour productivity…between 1980 and 2010, both real wages and average labour productivity have gone up by 1.6 percent per year,” the successful entrepreneur said. On challenges to job creation, he said, “We must recognise that serious challenges remain in average labour productivity of Bangladesh compared to international and even regional standards.” The quality and education level of the overall workforce, skill level and technical and vocational training remain very low compared to the needs of the market place, Elahi added. He gave importance to investment in education and human resource development and promoting technical and vocational education for skills upgradation. Manzur Elahi mentioned that only 22 percent of the employed labour force is engaged in the formal sector. “Some 11 percent of the employed labour is in manufacturing and another 11 percent is in organised services. The rest are still engaged in informal activities.” The world is facing a worsening youth unemployment crisis; young people three times more likely to be unemployed than adults and over 75 million youth globally are seeking jobs, he said. Elahi also sought initiatives to engage with the US, EU and Japan and other major buyers on market access through economic diplomacy. The paper was presented at the International Conference on People’s Empowerment and Development that held in the city early this month (Aug 5-6).
|
|
|
|
|
|
 Tag This |
Bangladesh: Create More Jobs to Spur Growth - Entrepreneur The country urgently needs to create better jobs for all to accelerate growth by identifying high employment generation potential industries and sectors said a leading entrepreneur and former adviser to the caretaker government
 Tell A Friend |
|
 del.icio.us digg this Slashdot |
| Rate: |
0 ratings
|
Views: |
39 |
| Comments: |
0 |
Favorited: |
0 |
Bookmarked: |
0 |
Tagged: |
0 |
|
|
|
|