Unemployment Problem in Bangladesh

Date February 15, 2013 Dr. Mahbub Sarfaraj Department of Management Kabi Nazrul Govt. college capital of Bangladesh Subject Submission of condition report . Dear sir, It is a great pleasure and privilege the margin titled Impact Of Globalization In Economic process . I stick re entirelyy enjoyed to prep atomic morsel 18 this report. I thing this report am residual my kat onceledge on impact of globalization in frugalal yield . There may be rough slew I rebound this slide in the report will be kindly excused. With go thanks and best regards Sincerely Yours, Marium Akter displume Number 961 42 78 registration Number unity hundred sixty-five 23 59 Department of Management Kabi Nazrul Govt. collage Students Declaration I hereby decl ar that the report of border subject namely Impact of Globalization in Economic Growth by me a comprehensive study of the Impact of Globalization of Economic Growth . I in some(prenominal) grapheme decl ar that this idea is my orig inal useed and prep ared for academician purpose which is part of B. B. A. Marium Akter knock over Number 961 42 78 Registration Number 165 23 59 Department of Management Kabi Nazrul Govt. Collage Supervisors DeclarationI hereby declare that the concerned report empower The impact of globalization in the economic harvest-festival original hunt by Marium Akter a student of BBA (Hons. ), Department of Management , Kabi Nazrul Govt. College , has completed term paper to a lower place my supervision and submitted for the partial fulfillment of the requirement of B. B. A at Kabi Nazrul Govt. College. . Dr. Mahbub Sarfaraj Lecturer Department of Management Kabi Nazrul Govt. college Executive Summary aft(prenominal) studying the theoretical concepts of topic, downstairsstanding its functional implication and application is the undermentioned timber in the learning process. n the process writing this paper , I came to k this instant virtually different aspects of export as i ntumesce as the Saudi Arabian foodstuff that I bring forth explored with the legerity of my little knowledge . I have chosen Un manipulation Problem in Bangladesh to complete my project on. Bangladesh is raiseing to develop unemployment arena is one of the closely promising one in this process. It will face competition there but it has have a go at it distinctive qualities which will face stand by it to open itself as a prime sector. withal, after all this human be ,I believe eitherone is non beyond limitation .There might have fusss regarding lacks and limitation in almost aspect and a same(p) some minor mistake such as syntax error or typing mistake or lack of limitation please par enter for that mistake . Md. Rasel Roll Number 961 42 77 Registration Number 165 23 58 Department of Management Kabi Nazrul Govt. Collage Table of Content garner of transmittal01 Students Declaration02 Supervisors Declaration03 Executive Summary04 Introduction05 aim10 The Nature11 I mpact 12 nominates 14 Extent17 Type 19 geomorphological Unemployment 19 Frictional Unemployment 19 Cyclical Unemployment 19seasonal worker Unemployment 20 Possible solution to unemployment 20 Conclusion 21 Bibliography22 Unemployment Problem in Bangladesh Introduction Unemployment is a great problem in Bangladesh. Every course of instruction hundreds of thousands students are coming out from college and University. Though it is one of the major responsibility of the G all overnment to translate chew over to those one-year-old multiplication but the Government is failed to meet the job choose among the larger-than-life world. simply a tiny fraction of full(a) job little in managed by different regimen official and mysterious organization but a majority remain unemployment.Historically for a pertinacious time British judiciary was the main cause of this problem. After ending Mughol regime when the British came in sub continent (India, Pakistan, Bangladesh)They started to do business ,They exploited the sub-continent. They did not fix any industry which is championful to eliminate unemployment problem. Though some effort was made but all them were placed in Indian Territory. So Bangladesh region was neglected from the British period. After ending British formula in 1947 Pakistan adopted the same rule they establish all kinds of manufacturing in west Pakistan not in einsteinium Pakistan .As a allow for of Pakistani monopoly rule we saw the freedom fighting war in 1971. After nine calendar month continuous war it is divided and named East Pakistan as a Bangladesh. After 1971 Bangladesh has been facing political crisis badly. As a pass no presidential term nooky not take long term massive step to remove the unemployment problem. Within 41 eld Bangladesh has experience more than or less eight new government and two blackwash Incident at the top take estate leader. So now political crisis is one of the major causes of unemployment pr oblems. Among other two major parties BNP and Aowamileague are busy to progress to exactly political power.None of these parties are trying to do anything to solve the farmings major problems Unemployment problems. Many Asian score countries are the bright example in the world who is prosperous to remove the unemployment problem successfully. Korea, Malaysia, Singapore are the news of them, They are growing speedily because there is no political crisis, Government ascertaind the foreign Investor about political clam environment. So many Ameri commode, European and Japanese keep company are investing those regions spontaneously. AS a result they are develop very fast. Bangladesh Government and political leader should leer from those Asian countries.Repenny side and activities of political parties are very hateful to the common large come up. By pick if a party goes to power thusly another party apprizenot study that, they do not go to parliament they do not stub ou t constructive opinion in the parliament which is helpful for common bulk . But they should not do it. May be there is some discrimination of the election result but there are overall acceptation for the common people. To think about greater welfare of the country they should keep patient, they should support the government to take long term step to remove unemployment problems.If we watch towards Japan, Korea, Malaysia what we will see? Due to industrialization they have changed a lot. Without industrialization no nation can tarry tough economic basement and solution of unemployment problems. Political settlement the first and signal thing for Bangladesh is, to build up industry to remove the unemployment problem. If they can assure the political clam and stable situation, then foreigner will to come invest manufacturing sector to build new industry. In this respect transportation, track and Highway, Electri urban center should be reconstructed strongly otherwise everythin g will be failed.Specially Automobile and Electronics industry are the major items to rev up a countrys overall financial condition. Most of money is spent in this two sector. Lot of world can be busy in these industry. Because by surrounding a automobile or electronics industry hundreds documentation some industry will be build up. As result a lot of people 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 different countries curiously Japan, Korea,Malaysia and Singapora can help the government to adopt strong effective ,active successful police. Because are well known with those countries environment. Government and people they have practical and expert felling about the development policy in differ ent sector of the respective country. We have already wasted a lot of time. We dont want to live as the poorest and neglected nation in the world. We want our economic harvest-time ,our honor. We have a lot of encounterforce lot of money in the bank.But due to proper(a) utilization and proper proposalning we are staying in back. In this regard political leader, intelligent industrialist, jut outner Ambassador, T for each oneer, Student and mig posed generation in abroad should contribute master the economic progress. If we can take proper steps to obtain our economic growth, then we can remove our unemployment problem. God says if you want to cognize me try to love people first. If you believe in God you have to love people. Ask yourself according your ability an responsibility how much has you done to help country? 80% the people are living in clownish.After a long struggle a village parents educate his children helped them to grownup. They help them to gain college and Un iversity degree. Rest duty is yours that is Government. Yes it is Government duty to provide job for our young 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 recent study that was prepared by the seening instruction for finding out the progress made by the country under the millennium Development goals (MDGs) programme of the United Nation, is a worrisome development.The graze of unemployment in Bangladesh, according to the study, has now risen to some 11 per cent from what was percent 8. 0 percent in 2002 and 204 percent in 1990. This is only official information. The unofficial but reliable opines of unemployment are high. Employment substructure acquires to be a very weighty objective in every scrimping for the simple reasons that unemployment persons pose a burden at every deliverance for the simple level in society. First of all, they ar e burdens for their families. Unemployment young ones worthy to work and not finding work are a source of agony for their families.Family resources are drained on the victuals of unemployed young persons. In the overall economic sense, unemployment people are liabilities for te saving because they do not produce only consume. throng who do jobs usually produce something or discharge a overhaul and obtain an income in return for their economic activities. Thus, both unemployment and its milder form, underemployment, implication less than optimum engagement in work, are highly undesirable for the economy and society. Employment means incomes and it is an no way possible to alleviate indigence without creating income-earning opportunities or jobs for those remain unemployment.It is, therefore, extremely important to put the greatest vehemence on maximizing employment opportunities through meaningful operationalisation of the st prescribegy for penury alleviation and sustainabl e development. For this, the government must pursue practical policies to give a stimulus to much greater investment in the economy so that more jobs can be readyd on a reparation basis. The municipal economy may not expand, in the short run, ample and proportionality to provide jobs to the rising number of unemployed people.It, thus, serves the countrys purpose if efforts are made at same time to channelise people abroad with jobs. In the latter case, the benefits can be multiple. The blackmail of the unemployment ones for jobs eases, foreign currencies are remitted in support of the foreign currency check and the country is also 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 also be sent abroad with gainful jobs, on the other.Providing occupying at publicly run drilling centralise to impact effective information to young persons for jobs which have good inquire abroad can be quite useful here, because the returns in remittances from apt dig out are substantially higher than un learninged one. For speeding up employment locally, action like making procurable teach, advisory service, enceinte support and assistance to the countrys big unemployment juvenility at browseroots level should merit a serious attention, in addendum to other supportive public policies in areas of infrastructure faculties, investment-friendly regulatory reforms etc.Training and assistance, are, of course, lively for expending the scope for self-employment opportunities, curiously in the dairies and livestock, poultry breeding, growing of fiction kitchen-gardening products for export, etc. The policy objective should be pro-active here particularly for encouraging the labour intebsive sectors to maximize employment. The Nature Unemployment means the state of co smos without any work both for the enlightened and un improve 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, like other developing countries, suffer form large-scale hide unemployment in the sense that, even with unchanged techniques of agricultural a large part of the population engaged in agricultural could be removed without reducing agricultural output. Beyond floriculture, disguised unemployment also 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 rate for the population having secondary certificate level education and higher up is significantly higher than those with a lower level education, The unemployment rate for educated women is higher compared to that for the male population. In Bangladesh salaried/wage employment in the form-only(prenominal) sector is not big fair to middling to take pull off of the huge number of unemployment. Employment promotion, especially , creation of opportunities, continues as the more or less important function of the Bureau of Manpower Employment and Training, The Fifth Five-year plan for 1997-2002 had set a mastermind of creating profital employment of 6. 5 meg persons . of this, a total of 1,60,000 persons pass judgment to be engaged in focus had been given on training and credit support to women micro entrepreneurs in cottage industries and other conventional and non-traditional sectors including skill development for service industries and non-farm activities. The surreptitious sector and NGOS are also playing a vital intent to this end effect of unemployment problem. The efforts of rural-urban migration in Bangladesh are canvass to identify a relationship b etween migration and unemployment, Poverty, unemployment and natural hazards appear to be the main reasons for the rural exodus.The gustation for moving to a large urban center is found to be primed(p) by the urban bias in planning both content and multinational authorities, and by the public comforts and resources available in the urban areas. An analysis of the levels and trends in urbanization reveals the famed role of rural-urban migration in the rapid growth of the urban population. Most migrants are young, unmarried males of working age. A case study of migrants in capital of Bangladesh city illustrates the reasons for and consequences of migration. It is concluded that rural-urban migration is mainly a survival strategy of rural poor. ImpactAccording to a study of the world(prenominal) 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. T he ILO Figures also show Bangladesh in the duodecimal position among the top xx countries in the world where unemployment is rising . The number of the unemployed in Bangladesh now is estimated at 30 one meg million. The way the rate of unemployment is increasing, it is feared that at this rate unemployment would zoom to some 60 million by 2015. According to another estimate, every year some 2. million young persons are sightly eligible for jobs whereas only about 0. 7 million of them are get 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 huge number of the unemployed and the underemployed in workforce 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 through production activities and discharge of various services.The unemployed people in contrast only live of the economy or their families and society. They are an secure burden on the state. Not only being liabilities in the economic sense, politically and socially they are considered to be a source of tautness and turmoil. The linkage between unemployment and crimes is obvious. Therefore, all governments in Bangladesh will need to salute the unemployment issue very seriously indeed before it turns worse. The recent floods and the withering sidor storm plus the restructuring activities leading to retrenchment of workers form state operated openings, have added to the unemployment problems.Government will have to start up urgently different work programmers like road make and repairs, reconstruction oh infrastructures, etc. especially 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 medium and longer terms, the present interim government which is doing pathbreaking works in vit al areas, should also adopt a plan of action of tackle unemployment. It can start such a plan and leave gradual implementation of it to successor government.Insufficient investment have been thwart the creation of employment opportunities of Bangladesh. Government here needs to identify each of the factors that can contribute to a better investment climate. The same would complicate improvement of natural law and order, much lowering of the interest rate of borrowing, addition to and up gradation of infrastructures to be supportive of enterprising. Fiscal policies that create level playing fields for local entrepreneurs in relation to foreign competitors, financial incentives such as tax reduction and tax exemption, etc.Government will need to act imaginatively and effectively in relation to each of the preceding(prenominal) factors and more to improve the investment climate that in turn would travel rapidly economic activities and take out the desired impact on the unemployme nt situation. However, there is also need to be clear about the policies to be pursued to create employment. New enterprise will absorb the unemployment. But capital intense enterprise will employ a smaller number than labour intensive ones which will understandably employ a greater number. Thus, enterprise with labour 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 institution 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 regard 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 ground 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 unchanged techniques of agriculture a large part of the population engaged in agriculture could be removed without reducing agricultural output. Beyond agricultural, disguised unemployment is also existing 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 supra 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 care 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 persons . of this, a total 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 th e 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 urban 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 position among the top xx 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 neat 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. 27 million were female. These go fors, However excluded the female labour force engaged in activities like poultry, livestock, rice paddy husking, preservation of food etc conducted in rural hearthholds and considered as domestic work rather than economic. Since 2000, the U. S manufacturing sector has lost nearly 25 percent of our total manufacturing workforce. Many of those jobs have gone to communist china, where toys for the U.S market are made is sweatshops by workers paid as little as 36 cents per hour and many white-collar jobs have gone to India where squall operators cab be hired for $1 an hour. Leading economists are becoming willing to admit that their devotion to free trade was misplaced. Paul Samuelson, Nobel accolade winning economist and a dominating figure in U. S economics decades, faced reality before he died and admitted, there is zip fastener in the theory that says trade is always a win-win for every gathering. Dr. Jerome coesis latest book, America for sale, is a superb explanation 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 hardly a(prenominal) of the very rich and a lot of very poor, while the oculus class loses big time. Extent According to a study of the inter national 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 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 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 based statistical data provider, the future(a) chat has been print. This entry contains the percent of the labor force that is without jobs. square(a) underemployment might be noted. Bangladesh-Unemployment Rate (%) 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 Economics break unemployment down into cardinal distinct varieties- structural, Frictional and Seasonal. Below we will examine each example of unemployment to see how they differ. Structural Unemployment The glossary of Economics defines Structural Unemployment as Structural unemployment is an unemployment that comes form there being an abs ence of strike for workers that are available. There are two major reasons that cause of absence of demand for workers in a particular industry 1.Change 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 and location. Source of Frictional unemployment include the following 1. People entering the workforce from school. 2. People re-entering the workforce after facelift 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 store santa clauses in January. Seasonal unemployment is a form of structural unemployment, as the structure of the economy changes from mo nth to month. Possible solution to unemployment In order to eliminate this problem. We have to mobilize all our energies to this grade purpose without west in time. The most innate measure 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 brought in our education system. More importance should be given on professional, vocational and technical education. These will make a opening to work in different industrial sector both home abroad. The educated youth should change their attitude to life. They must learn to choose independent 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 easily.Step should be taken to setup property farming, cottage, industries and to open new system of public work to create a job for unemployment peo ple. Exporting 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 posing on February 17, Prime minister Sheikh 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 years+ 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 to the 2005-2006 LFS figure of 84. 6 million. Secondly, according to the LFS 2005-2006 the annual 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 evidence needed for the government daily presidency a nd policy analysis in view of what has been started above. It is high time to as certain 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 overindulge fayel ( foliate 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&038news_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 M anagement 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 &8212&8212&8212&8212&8212&8212&8212 Kabi Nazrul Government College Dhaka Dhaka Kabi Nazrul Government College Dhaka, Bangladesh