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Employment Is The Key Factor For The Development Of Developing Countries Like Bangladesh Essay

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Employment initiation is a demanding task for the developing countries like Bangladesh. Since it’s population is growing and the size of the economy is relatively small, employment creation has become a key factor for the overall development of the country. However, the national economic planning and development discourse of our country put much more emphasis on economic growth than the employment of workers. In national plans, the government formulates strategies and policies for development of different sectors of the economy and set targets of growth for the sectors - agriculture, industry, services, etc. Nevertheless, poverty reduction is one of the major objectives of the development plan and economic growth does not necessarily reduce poverty unless the growth is people focused. Employment is the key for generating income for the worker and for the household to which the worker belongs. The higher is the employment rate, the lower is the rate of poverty and thus overall economic development of the country can be generated. Moreover, a pro-poor growth cannot be achieved unless we put people in the center place of our planning, ensure full employment of workers, and a reasonable growth in earnings for them. The same is the case for “inclusive development”, a development process that provides opportunity to everyone in production activities, and makes sure that every members or sections of the society is benefitted from the outcome of growth. Since it’s independence

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