There is no denying that the country has achieved remarkable economic growth over the last years but unemployment is still one of the major problems hindering holistic development. It is sad but true that employment opportunities are not available comparing the number of labour force entering the job market every year. Moreover, inconsistency between job market and education system has contributed to the swelling of the number of educated unemployed.
Unemployment has long been a pressing issue in Bangladesh. It is worth mentioning that unemployment rate has increased remarkably due to Covid-19 pandemic. The global health crisis caused by Covid- 19 has hit Bangladesh's economy hard and jeopardised the country's impressive achievements in poverty reduction and employment generation. Hence, it is important to encourage youths to become entrepreneurs by offering them easy loans. We need to promote a culture of entrepreneurship among youths. We believe that by creating entrepreneurs we can reduce the pressure on the country’s job markets and reinforce the country’s economic growth. However, in order to encourage more youths to take business as their profession, there is a need to create a supportive atmosphere for the freshers and budding young entrepreneurs and facilitate them with appropriate tools.
There is a need to create a
supportive atmosphere
for the freshers and budding young
entrepreneurs and facilitate them with appropriate tools
Though entrepreneurship does not constitute such a social security as employment in large companies does, still it can reduce the country’s growing burden of unemployment and contribute to economic growth. It is therefore necessary to adopt measures that will help people become self-employed to achieve a dignified life.
Entrepreneurship is indispensable for a country’s steady economic development and in order to encourage entrepreneurship, we must disseminate education on it. Though such education has already been integrated in developing countries to create awareness and motivate fresh graduates to take up business as profession, such subjects or majors have not been widely covered in the various levels of education system in our country. Hence, the departments concerned should look into this issue with due seriousness.