Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Monday, July 16, 2018 02:25:39 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Better manpower training to derive demographic dividend

By
14th-Aug-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

Editorial »

Nobody could enjoy freedom to foil peaceful movement of students


ONCE again, the activists of Bangladesh Chhatra League (BCL) yesterday assaulted some students and teachers of Dhaka University to foil their human chain programme at Central Shaheed Minar demanding release of three quota reformists. The reformist leaders Jashim and Moshiur were shown arrested in a case filed for the attack ...

City »

HT Imam, Political Adviser to the Prime Minister was present as Chief Guest at a discussion meeting marking the 2oth founding anniversary of the Ministry of CHT Affairs at Cirdap Auditorium yesterday.


International »

N Korea, US hold talks on war dead repatriation


AFP, Seoul :North Korean and US military officials met at the inter-Korea border Sunday to discuss repatriation of the remains of American troops killed during the Korean War, a report said.Returning the remains of the US soldiers who perished during the 1950-53 conflict was part of a deal signed by ...

Football »

Belgium players celebrate after Thomas Meunier`s goal gave them an early lead in the third-place playoff against England.


Sports »

After baby steps, Serena plans giant leap in Wimbledon final


Serena Williams was reduced to tears by her daughter Olympia's first steps at Wimbledon, but now the seven-time champion is planning a giant leap of her own in Saturday's final against Angelique Kerber.Just 10 months after giving birth, Williams can complete an incredible comeback as she bids to become the ...

Editorial »

UN-Myanmar deal cannot remain secret : We must not undermine UN efforts


The Transparency International Bangladesh (TIB) on Monday claimed that a secret deal has signed between the United Nations and Myanmar over repatriation of Rohingyas staying in Bangladesh. The Memorandum of Understanding was signed between the Myanmar government and UN's two offices -- UNDP and UNHCR. TIB somehow seems not happy ...

International »

White House official who favored more refugee admissions is out


Reuters, Washington :A White House official who supported higher numbers of refugee admissions to the United States and clashed with immigration hard-liners in the Trump administration left her position on Thursday, two U.S. officials with knowledge of the departure said.Jennifer Arangio, a senior director at the White House National Security ...

City »

International Society for Krishna Consciouness brough out a rally in the city on Saturday on the occasion of Rathyatra, a religious festival of the Hindu Community.


Entertainment »

Kajol has an interesting role in Helicopter Eela


Three years after her last release Dilwale, Kajol is all set to return to the big screen after with Pradeep Sarkar's Helicopter Eela. The actress will be seen playing a possessive mother in the film. She gives up her dream of becoming a singer to raise her only child. Her ...

Editorial »

Treatment of Lord Carlile revealed lack of confidence


A BRITISH parliamentarian, lawyer and also the counsel for jailed opposition leader Khaleda Zia, Alex Carlile was denied entry to India as he wanted to address a press conference at a meeting of a human rights body in Delhi.While explaining the entry rejection, the Indian Foreign Ministry sources said Carlile's ...

Football »

Era Istrefi, Will Smith and Nicky Jam pose with the World Cup trophy at a press conference during the 2018 FIFA World Cup at Luzhniki Stadium in Moscow, Russia on Friday.


.

Entertainment »

Aishwarya Rai Bachchan and Priyanka Chopra`s catfight continues


Looks like the rivalry between Aishwarya Rai Bachchan and Priyanka Chopra is not going to stop anytime soon. The oldest competitors who started off their career in a similar manner post receiving the title of Miss World have found another medium to compete. After spreading their magic on International grounds, ...

International »

Trump torpedoes May`s Brexit strategy on UK visit


AFP, London :US President Donald Trump launched an extraordinary attack on Prime Minister Theresa May's Brexit strategy, plunging the transatlantic "special relationship" to a new low as they prepared to meet Friday on the second day of his tumultuous trip to Britain.In an interview conducted before he began his visit, ...

City »

Non-Government Employees Union in Government Colleges formed a human chain in front of the Jatiya Press Club on Friday demanding nationalization of services of non-government employees in Government colleges.


.

Editorial »

Govt must take prompt action to end the uncertainity over LNG


WE became very happy when American company Excelerate Energy's Floating Storage and Regasification Unit (FSRU) 'Excellence' arrived at Moheshkhali deep sea on April 23 bringing 0.65 million tone liquid gas from Qatar. The $180 million project was co-developed by Petrobangla, Excelerate Energy and the International Finance Corporation, a member of ...

 
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