Capacity Building of Local Professionals

Published by the Independent on March 16, 2018

2 Pages Posted: 20 Mar 2018

Date Written: March 16, 2018

Abstract

Bangladesh economy performed on an average 6-7 percent annual growth during last few decades based on Readymade Garment (RMG) export earnings and foreign remittance by exporting semi skilled and unskilled labours mainly to the Middle Eastern countries and two Southeast Asian countries. RMG and expatriate Bangladeshi led growth mentored us to dream big and focus further. Now we are a lower middle income country during last few years and aiming towards a middle income status by 2021, developed economy by 2041. We took SDG Goals seriously and are confident to achieve by 2030, similarly we have numbers of visions like Vision 2021, 2030, 2041 etc. given by major political parties of the country. All of the above visions and goals bring the nation (knowingly or unknowingly) towards a consensus that, Bangladesh wants development; Bangladesh would like to be a middle income country in between 2020-2030 and a developed country in between 2031-2041. Each of the above vision and goal sounds good and aspiring but this is the appropriate time to assess Bangladesh’s ability to cater all of the inputs needed to achieve the visions. Do we have enough resources to deploy in different sectors for aspiring development? Do we have enough skilled hand to work towards a developed country? Is our education system ready to produce required manpower for sustainable development? So on and so forth. At the same time Bangladesh have to realise its existing challenges and find out root causes of those challenges to make us capable and forward moving. For example one latest survey of BBS showed that there are 2.6 million unemployed people (age 15-64) in Bangladesh. Every year another 2 million new jobseekers are entering the job market. The same survey (Labour Force Survey 2015) identified that Bangladesh created only 1.4 million jobs during 2013 to 2015-16 FY. If we interpret the above data like this, 2.6 million unemployed and 2 million new jobseekers that means 4.6 million unemployed workforce in a year whereas only (1.4/3) 0.46 million placement in a year. It results about 4 million remains unemployed or under employed in a year. It means creating employment is a great challenge for Bangladesh. Therefore growth of the economy may look good for time being but may not be sustainable in the long run.

Keywords: Capacity building, Skills Development, Demand Driven Education, Training & Development

JEL Classification: M53

Suggested Citation

Abdin, Md. Joynal, Capacity Building of Local Professionals (March 16, 2018). Published by the Independent on March 16, 2018. Available at SSRN: https://ssrn.com/abstract=3141993

Md. Joynal Abdin (Contact Author)

DCCI Business Institute (DBI) ( email )

DCCI Building (11th Floor), 65-66 Motijheel C/A
Dhaka, 1000
Bangladesh

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