Saturday, July 4, 2020 | ePaper

Economic challenges of corona aftermath can only be met by knowledge and competence

  • Print
ACCORDING to the International Labour Organization (ILO) job prospects for the youth have been vastly reduced in Bangladesh. For youths to be provided paths for a positive future, education and skills training are essential. Young women workers -- who were already struggling in low-paid and informal sector jobs -- are being worst hit.
 The ILO is working together with the government to design and develop education and skills development schemes, entrepreneurship training, as well as employment and training guarantee schemes that specifically target young people, particularly those who are the most vulnerable.
But this will do little to help our young women workers -- who mostly work in the agriculture and RMG sectors. These sectors are currently experiencing declining demand for their products due to reduced demand for products in our RMG export markets like the EU and the US. This situation is unlikely to change for the time being because of increased skills and education training as there is an underlying demand deficiency in the economy -- but such skills building will help our workers in the long run. It's however difficult to understand just how many workers can be trained by ILO in the long run considering we have over 20 million female workers.
 Due to the rapid spread of globalisation a drop in demand overseas is leading to a drop in demand for workers in the RMG and other export oriented sectors. There is a significant negative impact of 'innovation in the production process' on the relative share of female employment. Such a finding indicates further obstacles to the expansion of female employment in future.
 In addition to RMG, leather, publishing, chemicals, pharmaceuticals and cottage industry, and service sectors like IT, catering and restaurants, nursing, teaching, office administration, tourism, banking and fashion design, can act positively towards the expansion of female employment. There is a negative impact with regard to female employment on the demand side which is related to technological innovation or automation in the production process -- but that has been going on for some time.  
The advent of Covid-19 has changed the ways of running the economy. Due to the unpreparedness of the present government who will prepare the young ones for a good future?
 The government itself is broken with no institution functional. False hope has brought us to a situation where even the healthcare system is so disorganised that the people have no confidence for getting proper treatment. The government seems to be in suspended animation to be engaged actively in state activities. Our helplessness to survive under Covid-19 is shameful. This government has ruined the public trust. Days of naming anyone individual are past. We are all in it together and have to create conditions for the challenges that can only be met through knowledge and competence.

More News For this Category

Appeal of Nobel laureates for vaccine to be available to all

NOBEL laureates including Prof Muhammad Yunus have issued an open call to the people of all strata to sign a pledge declaring the Covid-19 vaccine to be a common

Govt is in such an inactive state that money spent on development is essentially money for corruption

PROGRESS in implementation of annual development projects is quite low at 57.37 percent in 11 months of the just concluded fiscal 2020, media report said. It is not unexpected



Shah Muhammad Shirajis Shadik :A public uprising is shaking the world right now, being originated in the USA, spread through the borders, amid a highly communicable COVID-19 pandemic, from



Shishir Reza :Bangladesh observes severe exposure to climate risks because of its geo-morphological, demographic and socio-economic temperament. Agriculture in haor and char region is also remarkably affected by climatic

Lack of divers can`t make the rescue team fully functional

CURRENTLY, only 50 divers are employed with the FSCD --- Bangladesh Fire Service and Civil Defence, an important unit for rescuing victims in waterways accidents. The unit has remained ill-equipped

Readers’ Forum

Respect To Frontline FightersI, as an ordinary citizen, feel immensely proud of all the workers on the frontline serving our nation diligently ever since the pandemic broke out. Healthcare providers,

Healthcare Bitter Experience In This Covid Time

Now we are passing through hardship, suffering, agony and uncertainty. Everyday the ongoing pandemic over the living planet piles the heap of unexpected deaths and most of the relatives of

Retailers Should Be More Humane To RMG Workers

Retail has reopened across the UK and the world, bringing an end to the strict lockdowns that came at a particular human cost to retail workers, many of whom are

Fee for Covid test in public health facilities is not a good idea

THE government has shifted its stance from free testing to fee testing at public health facilities that would not help anybody except making the contagion viral to low-income people. The

Bankers‘ concerns are not unfounded

IT is really unexpected that the implementation of the government stimulus package designed to help recover the economy and restore employment in affected businesses and industries due to prolonged impact