Making Bangladesh a Leading Exporter of Human Resources

[Tiki Tam Tam]

Making Bangladesh a Leading Exporter of Human Resources


Overseas employment and workers' remittances1 contribute significantly to the economic development of Bangladesh through reduction of unemployment, enhancing gross nationalincome and augmenting foreign exchange reserves. Bangladeshi migrant workers constitute 6.5 percent of the present labor force within the country (World Bank, 2007). Since 47.01percent of total migrant workers are unskilled, it seems unlikely that there are associated costs, especially due to brain drain and shortage of critical skills. As of July 2007, 4.98
million Bangladeshis were working as migrant workers abroad and over a quarter million Bangladeshis join the migrant work-force every year. This figure excludes the large Bangladeshi Diasporas2 in the United Kingdom and North America. However, we should keep in mind that over 94 percent of our temporary labor migrants live in eight countries of the Middle East and South East Asia. Saudi Arabia alone accounts for 46.71 percent of our labor force working abroad and contributes about 29 percent of total remittances......

The flow of workers’ remittances to developing countries has
grown steadily over the past 30 years, and currently amount to about US $100 billion a year........

Moreover, remittances have proved remarkably resilient in the face of economic downturns and crises.......

Moreover, extreme care is needed to be taken so that remittances are not abused to launder money and finance terrorism......

To strengthen Bangladesh’s participation in the competitive global job market and to make our manpower export sector dynamic and streamlined, the government announced a national policy on overseas employment in November 2006. Recently, the government has
prepared a seven-point strategy to accelerate the export of manpower across the world. The strategies suggested in this paper are in line with the government policy and strategies.....

Based on fine-grained analysis of Ray, Chaudhuri and Sinha (2007), we have mapped the future target markets for export of human resources from Bangladesh in Figure 1. The destination countries where Bangladesh’s presence is negligible or absent are indicated in
capital letters.
(Must see the diagram in the article)......

.....the proportion of professional, skilled and semi-skilled workers declined drastically while that of unskilled workers increased sharply (Table 2). This situation needs to be reversed.......

Since the export of unskilled workers still dominates the scenario, Bangladesh needs to change this skill mix over a period of time not only to improve the per capita remittance but also to improve its brand image and acceptability in the OECD countries......


More at:

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This article is worth a read.

It is an ingenuous way to make labour, mostly unskilled, and make it a profiatble export commodity with immense positive result to shore up a country's economy!

 

[desioptimist]

I think it is a short term goal to export unskilled labour.
In addition to that they can increase UN peacekeeping force, that will earn lot of money.
They are reducing the population growth for long term benifit, which is the right thing to do.

 

[InFn-0]

And needless to say remittance is the magic powder that keeps our current account at check.

 

[desioptimist]

And needless to say remittance is the magic powder that keeps our current account at check.

but tightening of visa regime is a reason for worry I think.

 

[InFn-0]

but tightening of visa regime is a reason for worry I think.

Lets blame it on the current govt. and call it a day .

 

[Zabaniyah]

Lets blame it on the current govt. and call it a day .

lol

 

[desioptimist]

Lets blame it on the current govt. and call it a day .

I was blaming current european govts. But yeah, lets spank hasina too, no probs.

 

[Tiki Tam Tam]

Lets blame it on the current govt. and call it a day .

That seems to be the style of the BD boys.

 

[Tiki Tam Tam]

I think it is a short term goal to export unskilled labour.
In addition to that they can increase UN peacekeeping force, that will earn lot of money.
They are reducing the population growth for long term benifit, which is the right thing to do.

I would not know, but is seems to be working for them.

Have your read the whole article?

It does not appear that daft!

BD is the No 1 contributor to the UN Force.

They are clever, they are getting their Army trained at your and my (UN) expense!!

 

[InFn-0]

Tbh a more pressing problem is the middle eastern/arab uprising, as that comes with a double blow. Firstly our workers will get sent back, then oil prices will shoot up, means our current account will go to Square Hospital. We'll just have to take sadistic pleasure at the fact that we are not the ones taking the worst blow.