Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Wednesday, April 25, 2018 02:30:29 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Demographic dividend calls for better manpower training

By
14th-Jul-2017       
Comments
Share your thought
Post a comment »
Read all () »

BANGLADESH has more working age people known as demographic dividend since 2007 than bon-working and on experts view this opportunity to accelerate development using the manpower will continue for at least two more decades up to 2040 when this window of opportunity would start to decline. More than 65 percent of our population are  working age now, between 15 and 64 but Bangladesh remains unable to exploit the full potential of our demographic dividend by creating adequate number of jobs. In contrast, the economic growth that is now above 6.5 percent on an average has failed to translate its potentials into job creation for sluggish investment and unfavorable policy. To cash in on the demographic dividend, we must say there is no alternative to huge investment in  human capital development by way of spending more in health and education. 

Our economy is growing steadily but the job creation is the lowest now in two decades. In some estimates only 1.4 million jobs were added to the economy between 2013 and 2015-16 down from 4 million between 2010 and 2013. This is in contrast to some East and South-East Asian countries, which invested, heavily in human capital to achieve higher economic growth rate during their time of demographic dividend. Most of their working age people worked that time unlike most of ours are lying idle without enough jobs. Our problem is that we are pursuing a capital-intensive development policy for big projects that use more resources but don't create more demand for jobs. Development must mean development of more people. 

China, Japan, South Korea and such other countries quickly developed using their demographic dividend and we must keep in mind that we are wasting time without creating appropriate system of education and training for human development. Many suggest that the government must train more workers for local and international market. Leading industrial houses must enter into collaboration with private universities to create the kind of skilled worker and managerial manpower that the industries they are running can hire. Most of them are hiring foreign manpower now; which means they are depriving the locals and failing to use our human capital.  

The problem is that our local university graduates fail to qualify for jobs and there is no alternative to drastic change in our education system that will create skilled manpower and not aimless graduates. We must create manpower suitable to market demand at home and abroad. Bangladesh dream for becoming a higher income country by 2041 essentially depend on how effectively we are going to use our manpower.

Time has surely elapsed, but still not too late to devise plans to educate our younger people as a strong force to accelerate socio-economic development. To get maximum dividends, we suggest there must be enough labour-intensive investment in public and private sector to use the service our working people to accelerate growth.


Tariff
Add Rate

News Archive

Inside The New Nation

Sports »

Senior Operative Director (Head of Games & Sports Department) of Walton Group FM Iqbal Bin Anwar Dawn (second from left) speaking at a press conference at the Club House in Army Golf Club on Tuesday.


Entertainment »

Sonakshi Sinha in Malaysia


Happy Bhag Jayegi took the audience by surprise two years ago when it turned out to be a laughter riot with its hilarious plot and impressive acting by its lead cast. Diana Penty stood out in it and was appreciated for her performance. It was a hilarious story of how ...

Editorial »

Police must not feel free to abuse police power against police discipline


A MOTORCYCLE was stolen from in front of a high police official's residence last week. Motorbikes are the easiest target for thieves. They either stealthily take away the bikes or stop the riders at night and snatch away their bikes. Sometimes, the bikers are knifed or beaten up. Last year, ...

International »

Dinner over, Trump, Macron get down to business


AFP :After a friendly dinner at a US landmark, US President Donald Trump and his French counterpart Emmanuel Macron were to get down to business Tuesday on divisive issues like the Iran nuclear accord and international trade.They were to meet face to face for half an hour, and then again ...

Editorial »

Justice delayed justice denied


FIVE years have elapsed after the Rana Plaza collapse in Savar which is known as deadliest garment-factory accident in history, as well as the deadliest structural failure in the modern human history. At least 1136 garment workers were killed on the spot and 1169 received severe injuries when the multi-storied ...

Cricket »

Shakib, Tamim to play for ICC World XI against West Indies


Bangladeshi all-rounder Shakib Al Hasan and top order batsman Tamim Iqbal have been included in the ICC World XI to play West Indies team in a one-off T20I match at Lord's on May 31.The match is being organised to raise fund for the reconstruction of stadiums that were damaged in ...

Sports »

(Left to right)) Uttam Mundy, CEO, PGTI; Arshi Haider, Chairman of bti; Siddikur Rahman, Professional Golfer; Asif Ibrahim, President, BPGA; Johnson Poh, Professional Golfer, Honey Baisoya, Professional Golfer unveiling the bti Open 2018 Trophy on Monday.


Entertainment »

Shilpa Shetty Kundra is Inspirational Celebrity of the Year


A successful wellness guru Shilpa Shetty Kundra is one of cinema’s most loved names. Her rise has nothing short of meteoric. This actress turned entrepreneur has to her credit successful yoga DVDs, a health and fitness channel is also a top-selling selling author of two books based on her mantra ...

Entertainment »

Richa Chadha’s new song look inspired by Parveen Babi’s Jawani Janeman


Actress Richa Chadha is considered to be the front-runner in Bollywood for experimenting with her looks and character in the films she does. Right from playing an old woman Nagma Khatoon in her first commercial success hit, Gangs of Wasseypur series to her soon to release film Daasdev, Richa has ...

City »

President Abdul Hamid receiving an annual audit report from a delegation led by Auditor and Comptroller General Masud Ahmed at Bangabhaban on Monday.


International »

Child rape case heightens India`s Hindu-Muslim divide


AFP, Jammu :The internet is being cut for hours on end in Jammu as authorities try to halt protests that have grown in the Kashmir winter capital since the rape-murder of an eight year old girl opened a new front in India's Hindu-Muslim divide.With near daily protests held across the ...

Editorial »

Govt must answer what happened to the force disappearances


MEMBERS of around 80 families joined a programme under the banner of "Mayer Daak", a platform of disappearance victims' family members, from across the country on April 21st, as per report of a local daily. Speaking at the event, supported by rights activists, family members slammed the state for denying ...

Entertainment »

Alia Bhatt spies on movie goers


Raazi trailer was launched recently. Last week, in partnership with FB & PVR, Alia spied on theatre audiences watching the trailer on the theatre screen and appeared on a two-way facebook LIVE in front of them and interacted with the audience as they could both see each other. This was ...

Football »

Neymar to be at peak of powers at World Cup: Ronaldinho


Xinhua, Rio De Janeiro :Brazil legend Ronaldinho has backed compatriot Neymar to make a full recovery from foot surgery in time for the World Cup in Russia.Neymar has been sidelined since suffering a cracked fifth metatarsal in his right foot while playing for Paris Saint-Germain in late February.He underwent surgery ...

International »

Iran threatens to `vigorously` resume enrichment if US quits deal


AFP, New York : Iran warned Saturday it is ready to "vigorously" resume nuclear enrichment if the United States ditches the 2015 nuclear deal, and said further "drastic measures" are being considered in response to a US exit.Iranian Foreign Minister Mohammad Javad Zarif told reporters in New York that Iran ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news