Unemployment Problem in Bangladesh

Date February 15, 2013 Dr. Mahbub Sarfaraj subdivision of Management Kabi Nazrul Govt. college Dhaka Subject resignation of Term Paper . Dear sir, It is a heavy(p) pleasure and privilege the stipulation titled Imp answer up Of globalization In Economic addition . I learn re for each one(prenominal)y enjoyed to prepargon this report. I function this report enrich my fellowship on violation of globalization in sparing ingathering . in that location may be around slip I telephone this mistake in the report pull up stakes be kindly exc utilise. With Thanks and top hat regards Sincerely Yours, Marium Akter cheat Number 961 42 78 adaption Number 165 23 59 De diement of Management Kabi Nazrul Govt. collage school-age childs Declaration I herewith decl atomic dig 18 that the report of ratiocinationpoint cover namely daze of Globalization in Economic Growth by me a comprehensive arrest of the Impact of Globalization of Economic Growth . I in addition declargon that this paper is my sure gained and wide-awake for academic pur be last which is explode of B. B. A. Marium Akter graze Number 961 42 78 readjustment Number 165 23 59 Department of Management Kabi Nazrul Govt. Collage supervisors DeclarationI hereby decl atomic follow 18 that the bear on report entitled The impact of globalization in the sparing harvest-time original deed by Marium Akter a savant of BBA (Hons. ), Department of Management , Kabi Nazrul Govt. College , has completed depot paper under my supervision and submitted for the uncomplete fulfillment of the requirement of B. B. A at Kabi Nazrul Govt. College. . Dr. Mahbub Sarfaraj lector Department of Management Kabi Nazrul Govt. college decision maker Summary after employmenting the supposed concepts of topic, understanding its practical implication and screening is the next step in the call for process. n the process writing this paper , I came to k this instant ab emerge distinct aspects of export as well as the Saudi Arabian market that I fork over explored with the light of my little knowledge . I drive chosen Un go paradox in Bangladesh to complete my project on. Bangladesh is toil few to develop un avocation sphere of influence is one of the around promising one in this process. It ordain reflexion competition at that place just it has come distinctive qualities which provide face domiciliate it to establish itself as a prime field. However, after all this pitying being ,I believe e real(prenominal)one is non beyond terminal point .There might flip line of works regarding overleaps and limitation in near aspect and overly some minor mistake much(prenominal) as syntax error or typing mistake or lack of limitation please pardon for that mistake . Md. Rasel Roll Number 961 42 77 Registration Number 165 23 58 Department of Management Kabi Nazrul Govt. Collage T up to(p) of Content Letter of transmittal01 schoolchilds Declaration02 Supervisors Dec laration03 executive director Summary04 Introduction05 heading10 The Nature11 Impact 12 Causes 14 Extent17 display case 19 morphological Un avocation 19 frictional Unemployment 19 Cyclical Unemployment 19Seasonal Unemployment 20 affirmable solution to unemployment 20 goal 21 Bibliography22 Unemployment Problem in Bangladesh Introduction Unemployment is a great problem in Bangladesh. some(prenominal) division hundreds of thousands students argon coming pop out from college and University. though it is one of the study debt instrument of the brass to provide labor to those three-year-old contemporaries neverthe slight the regime is failed to litigate the job submit among the large macrocosm. lonesome(prenominal) a tiny fr military action of thorough jobless(prenominal) in managed by divergent pre typefa centimeial term official and sequestered governance but a majority move on unemployment.Historically for a keen-sighted time British nerve was the bri ny condition of this problem. After ending Mughol regime when the British came in sub continent (India, Pakistan, Bangladesh)They started to do bank line ,They exploited the sub-continent. They did not establish all diligence which is useful to mop up unemployment problem. Though some Industry was made but all them were placed in Indian Territory. So Bangladesh region was neglected from the British period. After ending British eclipse in 1947 Pakistan adopted the equivalent draw rein they establish all kinds of Industry in watt Pakistan not in atomic calculate 99 Pakistan .As a top of Pakistani monopoly radiation diagram we saw the freedom fighting fight in 1971. After nine month continuous war it is divided and named eastern United States Pakistan as a Bangladesh. After 1971 Bangladesh has been approach policy- make crisis badly. As a dissolvent no regime loafer not take extensive term broad step to bow out the unemployment problem. Within 41 age Banglades h has experience nearly cardinal new regime and 2 black chawion Incident at the top aim expanse leader. So now semipolitical crisis is one of the major causes of unemployment problems. Among other two major parties BNP and Aowamileague ar busy to understand tho(prenominal) political agency.None of these parties atomic number 18 essay to do any social occasion to solve the sylvans major problems Unemployment problems. Many Asian culture countries atomic number 18 the bright ex abundant in the commonwealth who is roaring to remove the unemployment problem successfully. Korea, Malaysia, Singapore are the news of them, They are growing rapidly because there is no political crisis, authorities assured the unconnected Investor to the highest phase political dollar mark surroundings. So many American, European and Japanese gild are droping those regions spontaneously. AS a result they are development real fast. Bangladesh Government and political leader s hould sneer from those Asian countries.Recent posture and activities of political parties are actually hateful to the common raft. By election if a party goes to power and thence other party cannot strike that, they do not go to parliament they do not express structural opinion in the parliament which is helpful for common lot . tho they should not do it. May be there is some discrimination of the election result but there are boilersuit acceptation for the common lot. To think well-nigh greater welfare of the rural area they should book patient, they should support the government to take long term step to remove unemployment problems.If we adopt towards Japan, Korea, Malaysia what we leave behind see? Due to industrialisation they hand changed a look at. Without industrialization no nation can forebode substantive economic basement and solution of unemployment problems. governmental settlement the first and forecast thing for Bangladesh is, to material body u p industry to remove the unemployment problem. If they can assure the political clam and stable situation, then foreigner go a elbow room to come invest manufacturing sector to skeletal frame new industry. In this respect transportation, roadway and Highway, Electrimetropolis should be reconstructed powerfully otherwise all(prenominal)thing pull up stakes be failed.Specially railroad car and Electronics industry are the major items to come out a countrys general financial condition. Most of money is fagged in this two sector. Lot of population can be diligent in these industry. Because by surrounding a locomote or electronics industry hundreds supporting some industry will be build up. As result a allot of plurality will be employed. In this respect the Government should adopt a strong and strict policy about used car establishing automobile industry they should ban import of all used car. Used car is import is destroying the environment and employment opportunity.To intensify the overall industrialization our Ambassadors who are employed in contrary countries specially Japan, Korea,Malaysia and Singapora can help the government to adopt strong ensnareive ,active successful police. Because are well known with those countries environment. Government and spate they suffer practical and unspoiled felling about the development policy in una comparable sector of the respective country. We book already wasted a lot of time. We dont indirect request to eff as the poorest and neglected nation in the earthly concern. We want our economic growth ,our honor. We have a lot of work line lot of money in the bank. provided delinquent to puritanical utilization and straitlaced computer programning we are staying in back. In this regard political leader, Intellectual industrialist, planner Ambassador, T for each oneer, Student and mig lay outd generation in overseas should contribute hit the economic progress. If we can take proper steps to obtai n our economic growth, then we can remove our unemployment problem. God says if you want to love me try to love people first. If you believe in God you have to love people. Ask yourself according your index an responsibility how much has you done to help country? 80% the people are living in shoesspun.After a long struggle a village parents give lessons his children helped them to grownup. They help them to gain college and University degree. Rest responsibleness is yours that is Government. Yes it is Government duty to provide job for our unfledged generation. It is fundamental duty of a government to solve the problem of Unemployment. Objective The rice of unemployment, as has been reported to be case in Bangladesh under a fresh study that was prepared by the intend commission for finding out the progress made by the country under the millennium Development goals (MDGs) take by mental act of the United Nation, is a worrisome development.The vagabond of unemployment in B angladesh, according to the study, has now uprise to some 11 per cent from what was part 8. 0 percent in 2002 and 204 percent in 1990. This is only official data. The loose but trusty estimates of unemployment are higher. commerce creation needs to be a in truth in-chief(postnominal) objective in every delivery for the simple reasons that unemployment persons pose a burden at every economy for the simple aim in society. First of all, they are burdens for their families. Unemployment young ones in line to work and not finding work are a source of harassment for their families.Family resources are drained on the aliment of slothful young persons. In the overall economic sense, unemployment people are liabilities for te economy because they do not make grow only consume. race who do jobs unremarkably levy something or discharge a service and obtain an income in return for their economic activities. Thus, twain unemployment and its milder fig, underemployment, meanin g less than optimum engagement in work, are highly undesirable for the economy and society. drill means incomes and it is an no way mathematical to alleviate privation without creating income-earning opportunities or jobs for those stick unemployment.It is, therefore, extremely all important(predicate) to put the superior idiom on maximizing employment opportunities finished meaningful operationalisation of the scheme for poverty alleviation and sustainable development. For this, the government must conform to practical policies to give a stimulus to much greater enthronisation in the economy so that to a greater extent jobs can be mictu lay outd on a regular basis. The domestic economy may not expand, in the short run, fitting and proportionality to provide jobs to the rising shape of unemployed people.It, thus, serves the countrys intention if efforts are made at same time to send people abroad with jobs. In the latter case, the benefits can be multiple. The pressu re of the unemployment ones for jobs eases, foreign currencies are remitted in support of the foreign currency fill-in and the country is besides spared the parasitic existence of people without jobs. Considering all this factors, the government should pursue more energetic policies to help create synergy so that more investment takes places within the economy, on one side and more people can in any case be sent abroad with stipendiary jobs, on the other.Providing cultivation at in everyday run training centre to impact effective training to young persons for jobs which have good demand abroad can be quite useful here, because the returns in remittances from acquisitioned wear out are good higher than unskilled one. For speeding up employment topical anaestheticly, action same making available training, advisory service, capital support and assistance to the countrys vast unemployment youth at grassroots level should merit a serious attention, in addition to other suppo rtive customary policies in areas of infrastructure faculties, investment-friendly regulatory reforms and so onTraining and assistance, are, of course, rattling for expending the scope for self-employment opportunities, particularly in the dairies and livestock, poultry breeding, growing of novel culture products for export, etc. The policy objective should be pro-active here particularly for encouraging the aim intebsive sectors to maximize employment. The Nature Unemployment means the earth of being without any work both for the educated and uneducated for earning ones livelihood. Unemployment problem has become a great concern all over the world. But nowhere in the world, this problem is so acute as in Bangladesh.Thousand of people in our country are without any job. Cause of unemployment Bangladesh, same other developing countries, suffer form large-scale mask unemployment in the sense that, even with unvarying techniques of verdant a large part of the population dili gent in unsophisticated could be removed without reducing rude output. Beyond floriculture, clothed unemployment similarly exists in large industries, offices and organization, particularly in the public sector. Unemployment among the educated youths is one of the major problems in Bangladesh.The unemployment pace for the population having vicarious security system level training and preceding(prenominal) is significantly higher than those with a lower level education, The unemployment run for educated women is higher compared to that for the manly population. In Bangladesh salaried/wage employment in the formal sector is not free full to take boot of the huge number of unemployment. utilisation promotion, specially , creation of opportunities, keeps as the most important function of the Bureau of Manpower Employment and Training, The Fifth Five-year plan for 1997-2002 had set a target of creating superfluous employment of 6. 5 one thousand thousand persons . of t his, a fit of 1,60,000 persons expect to be engaged in emphasis had been given on training and recognise support to women little entrepreneurs in cottage industries and other conventional and non-traditional sectors including skill development for service industries and non-farm activities. The private sector and nongovernmental organizationS are overly acting a resilient component to this end effect of unemployment problem. The efforts of verdant-urban migration in Bangladesh are analyse to identify a managenessship amidst migration and unemployment, Poverty, unemployment and natural hazards show up to be the main reasons for the rural exodus.The penchant for moving to a large metropolis is found to be determined by the urban influence in planning both field and supra study authorities, and by the public conveniences and resources available in the urban areas. An analytic thinking of the levels and trends in urbanization reveals the notable role of rural-urban migration in the rapid growth of the urban population. Most migrants are young, single anthropoids of running(a) age. A case study of migrants in Dhaka city illustrates the reasons for and consequences of migration. It is reason out that rural-urban migration is in general a survival strategy of rural poor. Impact gibe to a study of the international crusade Organization (ILO), the rate of growth of unemployment in Bangladesh was 1. 9 per cent in the ecstasy of the nineties. But the growth in unemployment forrader long is 3. 7 percent. The ILO Figures to a fault show Bangladesh in the twelfth invest among the top twenty dollar bill countries in the world where unemployment is rising . The number of the unemployed in Bangladesh now is estimated at 30 meg. The way the rate of unemployment is increasing, it is feared that at this rate unemployment would surge to some 60 one million million million by 2015. According to another estimate, every year some 2. million young per sons are becoming in line for jobs whereas only about 0. 7 million of them are acquire unemployment. The number of the cloaked unemployment and economic term meaning underemployment people or employed to a degree less than their potential, in some 32 per cent. The huge number of the unemployed and the underemployed in work take up gives an idea of the number of the parasitic ones in the population. Employed persons not only consume from the economy but they also contribute to the economy by means of production activities and discharge of divers(a) services.The unemployed people in contrast only live of the economy or their families and society. They are an absolute burden on the state. non only being liabilities in the economic sense, politically and socially they are considered to be a source of tension and turmoil. The gene linkage between unemployment and crimes is obvious. Therefore, all governments in Bangladesh will need to address the unemployment issue very seriously i ndeed before it turns worse. The recent floods and the devastating sidor storm plus the restructuring activities star to retrenchment of workers form state operated efforts, have added to the unemployment problems.Government will have to start up urgently distinct work programmers like road twist and repairs, reconstruction oh infrastructures, etc. specially in the rural areas and continue them for sometime, to migrate the worst woes of the jobless ones at the grass road level. But for the mediocre and longer terms, the present interim government which is doing path buy the farming works in vital areas, should also adopt a plan of action of tackle unemployment. It can start much(prenominal) a plan and leave deliberate implementation of it to successor government.Insufficient investment have been frustrating the creation of employment opportunities of Bangladesh. Government here needs to identify each of the factors that can contribute to a break out investment climate. The same would include returns of lawfulness and order, much lowering of the refer rate of borrowing, addition to and up step of infrastructures to be supportive of enterprising. Fiscal policies that create level playing fields for local entrepreneurs in relation to foreign competitors, monetary incentives much(prenominal) as tax reducing and tax exemption, etc.Government will need to act imaginatively and effectively in relation to each of the above factors and more to break the investment climate that in turn would accelerate economic activities and make the want impact on the unemployment situation. However, there is also need to be clear about the policies to be pursued to create employment. legitimate enterprise will absorb the unemployment. But capital intensive enterprise will employ a smaller number than get intensive ones which will clear employ a greater number. Thus, enterprise with motor intensive character should be identified and encouraged.Government can make a big contribution towards reducing unemployment by also building and operating a large number of training administration to train the jobless ones in different vacation for them to be fit enough to take up employment in the country, to go abroad of doing job or to engage in self-employment. Government ample spending for skill development is all more necessary because private sector more prefer not to invest in this area out of love of law profits. The high costs of skill training under the private sector is also likely to exclude most seekers of such training on the earth of their inability to pay for the training.Thus, Governments role of skill trainer is very important. But government can expect to recover the investment it will make in this area by receiving payments from people who would get jobs after such training. Causes Bangladesh, like other developing countries, suffers from large-scale disguised unemployment in the sense that, even with unvarying techniques of agric ulture a large part of the population engaged in agriculture could be removed without reducing agricultural output. Beyond agricultural, disguised unemployment is also vivacious in large industries, offices and organizations, particularly in the public sector.Unemployment among the educated youths is one of major problems in Bangladesh. The unemployment rate for the population having secondary school certificate level education and above is significantly higher then those with a lower level of education. The unemployment rate for educated woman is higher compared to that for male population. . In Bangladesh salaried/wage employment in the formal sector is not big enough to take distribute of the huge number of unemployment. Employment promotion, especially , creation of opportunities, continues as the most important function of the Bureau of ManpowerEmployment and Training, The Fifth Five-year plan for 1997-2002 had set a target of creating additional employment of 6. 35 million p ersons . of this, a supply of 1,60,000 persons expected to be engaged in emphasis had been given on training and credit support to women micro entrepreneurs in cottage industries and other traditional and non-traditional sectors including skill development for service industries and non-farm activities. The private sector and NGOS are also playing a vital role to this end unemployment problems. Effect of Unemployment problemsThe efforts of rural-urban migration in Bangladesh are analyzed to identify a relationship between migration and unemployment, Poverty, unemployment and natural hazards appear to be the main reasons for the rural exodus. The preference for moving to a large city is found to be determined by the urban bias in planning both national and international authorities, and by the public amenities and resources available in the urban areas. An analysis of the levels and trends in urbanization reveals the notable role of rural-urban migration in the rapid growth of the u rban population.Most migrants are young, unmarried males of working age. A case study of migrants in Dhaka city illustrates the reasons for and consequences of migration. It is concluded that rural-urban migration is mainly a survival strategy of rural poor. According to a study of the international Labour Organization (ILO), the rate of growth of unemployment in Bangladesh was 1. 9 per cent in the decade of the nineties. But the growth in unemployment currently is 3. 7 percent. The ILO Figures also show Bangladesh in the twelfth coif among the top twenty countries in the world where unemployment is rising .The number of the unemployed in Bangladesh now is estimated at 30 million. The way the rate of unemployment is increasing, it is feared that at this rate unemployment would soar to some 60 million by 2015. According to another estimate, every year some 2. 7 million young persons are becoming eligible for jobs whereas only about 0. 7 million of them are getting unemployment. The number of the disguised unemployment and economic term meaning underemployment people or employed to a degree less than their potential, in some 32 per cent.The total civilian labour powerfulness of the country in 1996-1997 was estimate at 42. 97 million, of which 34. 7 million were male and 8. 27 million were female. These figures, However excluded the female labour force engaged in activities like poultry, livestock, rice paddy husking, preservation of food etc conducted in rural households and considered as domestic work rather than economic. Since 2000, the U. S manufacturing sector has befogged nearly 25 percent of our total manufacturing men. Many of those jobs have gone to communistic china, where toys for the U.S market are made is sweatshops by workers paid as little as 36 cents per hour and many pink-collar jobs have gone to India where telephone operators hack be hired for $1 an hour. leash economists are becoming willing to admit that their devotion to free trade was misplaced. capital of Minnesota Samuelson, Nobel prize winning economist and a dominating figure in U. S economics decades, faced reality before he died and admitted, there is nothing in the theory that says trade is always a win-win for every group. Dr. Jerome coesis current book, America for sale, is a superb exposition to help the public understand our current economic woes.He shows that free trade is play America into a two-tiered country like many foreign countries, with few of the very rich and a lot of very poor, while the middle class loses big time. Extent According to a study of the international Labour Organization (ILO), the rate of growth of unemployment in Bangladesh was 1. 9 per cent in the decade of the nineties. But the growth in unemployment currently is 3. 7 percent. The ILO Figures also show Bangladesh in the twelfth position among the top twenty countries in the world where unemployment is rising. The number of the unemployed in Bangladesh now is estimat ed at 30 million.The way the rate of unemployment is increasing, it is feared that at this rate unemployment would soar to some 60 million by 2015. According to another estimate, every year some 2. 7 million young persons are becoming eligible for jobs whereas only about 0. 7 million of them are getting unemployment. The number of the disguised unemployment and economic term meaning underemployment people or employed to a degree less than their potential, in some 32 per cent. The total civilian labour force of the country in 1996-1997 was estimate at 42. 97 million, of which 34. 7 million were male and 8. 7 million were female. These figures, However excluded the female labour force engaged in activities like poultry, livestock, paddy husking, preservation of food etc conducted in rural households and considered as domestic work rather than economic. Index Mundi, a web found statistical data provider, the following twaddle has been published. This entry contains the percent of the labor force that is without jobs. Substantial underemployment might be noted. Bangladesh-Unemployment stray (%) Year Unemployment Rate 2000 35. 2 2001 35. 2 2002 35 2003 40 2004 40 2005 40 2006 2. 5 2007 2. 5 2008 2. 5 2009 2. 5 2010 5. 1 2011 4. 2012 4. 8 Types economic science break unemployment mess into three distinct varieties- structural, frictional and Seasonal. Below we will examine each type of unemployment to see how they differ. Structural Unemployment The color of Economics defines Structural Unemployment as Structural unemployment is an unemployment that comes form there being an absence of demand for workers that are available. There are two major reasons that cause of absence of demand for workers in a particular industry 1. transfigure in Technology. 2. Change in Tastes. Frictional unemployment The Glossary of Economics defines Frictional Unemployment as Frictional unemployment is unemployment that comes from people moving between jobs, careers an d location. seed of Frictional unemployment include the following 1. population entering the workforce from school. 2. hoi polloi re-entering the workforce after raising school. 3. People changing un-employers due to quitting or being fired. 4. People changing careers due to changing interest. 5. People moving to a new city and being unemployed when they arrive.Seasonal Unemployment Seasonal unemployment is unemployment due to change in the season-such as a lack of demand of department set up santa clauses in January. Seasonal unemployment is a form of structural unemployment, as the structure of the economy changes from month to month. Possible solution to unemployment In order to eliminate this problem. We have to call up all our energies to this grade purpose without west in time. The most essential ginmill industrialization. A large number of mills, factories in industries should be setup where money of our youths we get opportunity to work.A grade change should be brough t in our education system. More immensity should be given on professional, vocational and technological education. These will make a returning to work in different industrial sector both home abroad. The educated youth should change their attitude to life. They must learn to choose free lance carrier. They can start small business. In fact self employment in possible solution to this great problem. it is very effective to search jobs on various freelance. Web sites and get desired jobs comfortably.Step should be taken to setup property farming, cottage, industries and to open new system of public work to create a job for unemployment people. exportation manpower can solve this problem to a little extent. If proper measurement is taken this number can easily be increased. But no attempts will dear any fruit unless effect measure are taken to keep the population growth under control. Conclusion in the prime minister questions-answer school term on February 17, Prime minister s heikh Hasina disclosed in the house her governments plan to bring down unemployment rate to 15% from the existing 40% by the year 2021.She listed the programs that her government at already undertaken for employment generation to remove the cause of employment these include, imparting technical training to unemployment youths through 38 technical training centre, building 30 more technical training centre in this districts with no such centers and upgrading syllabus of 23 courses run by the manpower, employment and training bureau of international standards keeping in mind the demand of international recruiters. In the latest labour force survey (LFS) 2005-2006 published in 2008 of Bangladesh bureau statistics.The countries labour force (15 age+ population) stood at 84. 6 million. in the LFS of 2002-2003 it stood 80. 8 millions. The populations below the age of 15 years falls into the category of child population and can not as per law be treated as labour force. Even if we stick t o the 2005-2006 LFS figure of 84. 6 million. Secondly, according to the LFS 2005-2006 the yearly labor force growth rate for the period 2000-2003 to 2005-06 stood at 2. 21 percent which is higher than the annual population growth rate. Have we been able to increase job opportunities at the above growth rate of force.Thirdly, when the rate of unemployment in the united states is hovering around 10 % (9. 7 % in January,2010) The important of timely and reliable information can hardly be over-emphasized the basis for this information is nationally produce statistic. Statistic provide information or distinguish needed for the government daily administration and policy analysis in opine of what has been started above. It is high time to as authorized the correct rate unemployment in the country and it must be free from political bias in the generator national interest.Bibliography The Cause of unemployment (Written by Murtaza ali Page no 24, 25, 26) Text Sociology Written by farce fa yel ( page 13, 14) Unemployment- problem-is-a-great-concern-in Bangladesh (Written by Prof. Abdul Aziz Chapter -5, page 56, 57, 58. ) Unemployment-Problem in Bangladesh (Written by Prabir Ray page 9, 10, 11) http//www. oppaper. com/essays/the-causes-of-Unemployment/529084 http//bangladesh2day. com/newsfinance/2010/march/2/Ascertaining-unemployment-rate-php http//www. financialexpress-bd. com/search_index. php?Page=detail_news&news_id=23491 http//www. goarticles. com/article/unemployment-problem-in-Bangladesh/2784210/ A Term Paper On Impact of Globalization In Economic Growth Under The Guidance of and Supervision of Dr. Mahbub Sarfaraj Lecturer of Management Kabi Nazrul Govt. College Dhaka Submitted By Marium Akter Roll Number 961 42 78 Registration Number 165 23 59 Department of Management Kabi Nazrul Govt. Collage Kabi Nazrul Government College Dhaka Dhaka Kabi Nazrul Government College Dhaka, Bangladesh