Thursday, August 4, 2011

How to prevent unemployment problem in Bangladesh

How to prevent unemployment problem in Bangladesh :

Government will need to act imaginatively and effectively in relation to each of the above
factors and more to improve the investment climate that in turn would accelerate
economic activities and make the desired impact on the unemployment situation.
However, there is also a need to be clear about the policies to be pursued to create
employment. New enterprises will absorb the unemployed. But capital intensive
enterprises will employ a smaller number than labour intensive ones which will
understandably employ a greater number. Thus, enterprise with labour intensive charactershould be identified and encouraged.

Government can make a big contribution towards reducing unemployment by also
building and operating a large number of training institutions to train the jobless ones in
different vocations for them to be fit enough to take up employment in the country, to go
abroad for doing jobs or to engage in self-employment. Government's ample spending for
skill development is all the more necessary because private sectors may prefer not to
invest in this area out of a consideration of low profits. The high costs of skill training
under the private sector is also likely to exclude most seekers of such training on the
ground of their inability to pay for the training. Thus, government's role as a skill trainer
is very important. But government can expect to recover the investments it will make in
this area by receiving regular payments in instalments from people who would get jobs
after such training.

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