Quality Employment assures the quality and sustains income of a country. It is necessary to ensure the Quality Employment For Economically Successful Country.
Bangladesh is a country of potential possibilities. It is no longer the mumble slogan of any political leader or group. World leaders now accept it’s honestly in terms of time and reality. Many top leaders of the country are surprised at the gradual development and progress of Bangladesh. They are interestingly trying to find out the reasons. Someone is coming to visit Bangladesh to find out how it became possible. Everybody wants to stay in Bangladesh side by increasing their cooperation in different ways of Bangladesh’s development journey. These are all positive news. However, Bangladesh has not yet achieved the 100 percent capacity to progress itself in the development process. As a result, there is no alternative except for accepting financial assistance from different countries and international financial institutions.
Quality Employment For Economically Successful Country
Recently China and World Bank president visited Bangladesh They also gave some suggestions on various sectors including financial allocation for development assistance in Bangladesh. Since the World Bank President has been eager to travel to Bangladesh due to poverty alleviation and success. Therefore, it has advised reforms in the existing labor market to prevent the spread of poverty. He suggests preventing the spread of poverty, employment for unemployed youth and poor labor migration and to cover all the sectors for sustainable social security and to overcome various disparities.
The World Bank has made a report reviewing ongoing programs. The report titled ‘Bangladesh Social Protection and Labor Review: Towards Smart Social Protection and Jobs for the Poor‘ was published in the NEC conference room in city’s Sher-e-Bangla Nagar on October 20, 2016. The suggestions presented in the published report The General Economics Department (GED) helped the preparation of the report of the Ministry of Planning.
20 million people still living below the poverty line
Bangladesh has shown tremendous success in poverty reduction in recent years. But 20 million people still living below the poverty line. In the report, it is suggested to establish ongoing social safety net programs, microcredit distribution, and labor market enhancement programs on a solid foundation. For this, social insurance will be launched. All public sector enterprises should be brought under pension facilities like the public sector. Micro-credit management costs and interest rates are still much higher. At present, this interest rate is the highest of 27 percent.
Due to the long-term benefit of this interest rate, In addition, the report of microcredit’s poor role in creating a quality entrepreneur has also been reported. The most emphasis is on the quality of employment. Remittance is a big power of Bangladesh’s economy. Freelancer knows that Second Submarine Cable in Bangladesh has a capacity of 1500 Gbps. It is five times more powerful than Cox’s Bazar. But Bangladesh is still lagging behind in creating skilled labor force, creating a database, simplifying labor migration process, according to the demand of the respective countries.
Bangladesh is moving forward against many impediments. Sometimes it got destabilized by some politics. This progress is not only visible on paper but also everybody is realizing this. By taking care of it, all the necessary measures should be taken. There is no alternative. In that case, the World Bank’s advice will be helpful. It may be taken steps to ascertain their consultation report and to ensure necessary measures.
Quality Employment For Economically Successful Country is now not only a pre-requirement, it must be ensured for our future generation.