So far, the biggest contributor to employment generation has been the private sector, but it still needs to be facilitated by the government
It is testament to the resilience and determination of us as a people, that we have been able to transform a nation that was barely able to feed itself to being on the road to economic prosperity, overcoming innumerable challenges along the way.
One of the greatest economic challenges for Bangladesh right now is to create more jobs, in order to keep our economic progress flowing. With 2.5 million people entering the job market every year, unemployment stands as a major hurdle for us.
So far, the biggest contributor to employment generation has been the private sector, but it still needs to be facilitated by the government in order to truly make employment generation sustainable. Therefore, the onus lies on the administration to engage leading businessmen in our private sector in the matter of designing appropriate policies, their formulation, and implementation.
Other ways of generating employment in Bangladesh lie in attracting further foreign investment. While Bangladesh is already a rather attractive destination for foreign investors, there is much red tape and bureaucracy that potential investors have to deal with in setting up their business.
When it comes to ease of doing business, Bangladesh can stand to improve a lot more. And with such improvements come increased job prospects, especially for the youth.
Our nation is on the cusp of achieving developing status, and the only way we can catalyze that growth is by generating more employment.
To that end, it seems the government itself has a job to do.