Monday, February 19, 2018 | ePaper

Job creation key to robust growth

  • Print
City Desk :
Bangladesh now needs to focus on creating more and higher quality jobs especially in the export oriented non-RMG sectors to propel economic growth, says a study jointly carried out by the Bangladesh Bureau of Statistics (BBS) and the World Bank (WB).
The comprehensive study titled the Jobs Diagnostic was launched recently at a high-level workshop where experts on this issue reviewed its findings and recommended some actions to attain the target.
Prof. Dr. Shamsul Alam, senior secretary and member of the General Economic Division, Planning Commission, Ministry of Planning, chaired the workshop, jointly organised by the World Bank and the ILO and co-hosted by the Ministry of Planning and the Ministry of Labour and Employment.
ILO Country Director Srinivas Raddy, Distinguished Fellow of the Centre for Policy Dialogue (CPD) Professor Mustafizur Rahman, WB acting country director Rajashree Paralkar, Economist and Executive Director of the Policy Research Institute (PRI) Ahsan H. Mansur and the lead author of the study Thomas Farole participated in the panel discussions.
The study and the panel discussions on it at the workshop prioritized rapid development of a national jobs strategy to increase employments, raise quality of jobs and create suitable jobs for vulnerable workers.
The study finds that despite Bangladesh's robust economic growth, the pace of job creation has slowed in the recent years. The annual growth rate for jobs fell to 1.8 percent in 2010-15 after growing 2.7 percent annually in the period 2003-10, and has almost stalled in the Ready Made Garment (RMG) sector.
It suggested that the country generate quality jobs and address gender disparities as only 1 in 5 workers are employed in wage work while 1 in 3 working women, as opposed to 5.0 percent of working men, are engaged in unpaid work.
The study, however, finds that international migration is a way for many Bangladeshis to seek better paying jobs in spite of costs and risks to worker safety.
The panelists welcomed the development of a jobs strategy, and emphasised the importance of continued growth, RMG and other manufacturing, foreign direct investment, female labor market activities, among others.
International Labour Organization (ILO) also presented the findings of the Employment Diagnostic jointly done by ILO and Asian Development Bank (ADB).
Prof. Shamsul Alam said the country would do better in facilitating business and investment with the setting up of the planned 100 economic zones across the country when more jobs would also be created.
He said already 10 economic zones started operations, offering a good number of jobs.
Srinivas Raddy underscored the need for skill development and planned expansion of industries for creating decent and sustainable employment opportunities.
Prof Mustafizur Rahman recommended diversifying export-oriented industries to create more jobs beyond apparels sector.
Ahsan H. Mansur suggested reforming education sector so students can get the right education to meet the market demand.
Rajashree Paralkar said effective policies should be taken to stimulate private sector investment, promote education and skills development, and support innovation, urbanization and mobility.
Thomas Farole said to deliver large-scale job creation, Bangladesh must accelerate productivity growth; diversify manufacturing and services sectors, with a focus on increasing exports and Foreign Direct Investment (FDI); and facilitate urbanization.
He said connecting vulnerable workers to jobs and reducing barriers to female labor force participation will also be critical for better job opportunities in the private sector.

More News For this Category

Effective efforts underway to bring back Bangabandhu's killers

Home Minister Asaduzzaman Khan on Sunday said the government took effective measures to locate and bring back the convicted fugitive killers of Father of the Nation Bangabandhu Sheikh Mujibur Rahman

Dry weather likely

Weather may remain dry with temporary partly cloudy sky over the country in the next 24 hours ending at 9 am today, said a met office press release here on

PM's press conference on Italy visit today

Prime Minister Sheikh Hasina will address a press conference today about the outcome of her just-concluded visit to Italy and Vatican City."The press conference will be held at Ganabhaban, the

President Abdul Hamid poses for photograph with the recipients of awards at a ceremony organised in observance of Bangladesh Press Council Day-2018 in Osmani Memorial Auditorium in the city on Sunday.

President Abdul Hamid poses for photograph with the recipients of awards at a ceremony organised in observance of Bangladesh Press Council Day-2018 in Osmani Memorial Auditorium in the city on Sunday.

Prime Minister Sheikh Hasina at a photo session with the award recipients who played role in tea exporting and flourishing of tea industries at Bangabandhu International Conference Center in the city on Sunday.

Prime Minister Sheikh Hasina at a photo session with the award recipients who played role in tea exporting and flourishing of tea industries at Bangabandhu International Conference Center in the city on Sunday.

PM to inaugurate 29 projects in Rajshahi

BSS, Rajshahi :Prime Minister Sheikh Hasina is expected to inaugurate 20 development projects and lay foundation stones of nine others during her visit here on February 22.Rajshahi City Awami League

Bangladesh Chhatra Moitri formed a human chain in front of the Jatiya Press Club on Sunday in protest against leakage of question papers.

Bangladesh Chhatra Moitri formed a human chain in front of the Jatiya Press Club on Sunday in protest against leakage of question papers.

BD HC confers awards to British-Bangladeshi academic achievers

Bangladesh High Commission in London has conferred awards to the British-Bangladeshi students who have achieved outstanding results in the 2017 GCSE and A Level examinations on Saturday.A total of 103

More research on bees to increase honey production underscored

Agriculture Minister Begum Matia Chowdhury urged the authorities concerned to increase the production of honey to meet the demand by inventing new species of bees through more research."Bring in new

Prof Farzana reappointed as JU VC

Professor Dr Farzana Islam, Vice Chancellor of Jahangirnagar University (JU), has been reappointed as JU Vice-Chancellor for four-year term. In accordance with the order of President Abdul Hamid, a notification