The New Nation
There are areas where the government is duly
expected to play a bigger role or predominant role to hasten
productivity and economic growth. This is the area of skill development
to create a wide range skills in the country's workforce to enhance
employment prospects, either institutional or self-employment, or to
improve production capacities. But in turn can work as powerful
catalysts for eocnomic growth.
Government's ample spending for skill development is all the more necessary because private sectors may prefer not to invest in this area out of a consideration of low profits. The other very important consideration of 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, government's role as a skill trainer assumes great importance in a country like Bangladesh. Bangladesh appears to have scored some modest gains as shown in the last released human development report on South Asia released. But the rate of progress seems well below what is desired or necessary that creates the imperative for greater skill training of the workforce under governmental auspices.
Presently, opportunities for skill training or vocational training provided by the government are limited to the country's small number of polytechnics and some programmes under the ministry of youth. But these are inadequate compared to the requirement and calls for much expansion of such training facilities and programmes. The expansion of skill training activities may be looked upon as gainful activities by the government if these are conducted with some vision.
Such a model of skill training will serve several objectives. First of all, young persons in a far bigger number will be able to train easily as they will not be frustrated by the relatively higher costs of private training. The skilled ones coming out of government training institutions will form a bigger pool of the trained workforce to undertake various economic activities. The number of the employed—institutionally employed as well as the self employed—will rise notably. Training will also likely improve productivity per worker. The economy in a variety of ways may benefit from the availability of a well trained workforce and government would be investing in a highly prospective field and also getting returns from its investments
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