POST TIME: 22 October, 2018 00:00 00 AM
Innovation key to development

Innovation key to development

Speakers at a dialogue titled “Bangladesh Innovation Dialogue 2018” in Dhaka on Saturday stressed the need to nurture innovation as the key driver to realise Bangladesh’s goal in reaching developed country status by 2041. Innovation is what drives the entire world. It is difficult to think of development without innovation. There is no dearth of expertise in the country. What is lacking is innovation. The situation warrants nurturing innovation. Change is the new constant and innovation is important for long-term success.  

Innovation is required for pushing up GDP growth. Whatever GDP growth has been achieved in the country is the result of a multitude of factors, including the country’s demographic dividend, the RMG boom and more. We need to rethink everything and bolster innovation in Bangladesh, if we are to gear towards becoming a developed country by 2041. Every youth should know and be ready for the innovation era. Award programme can be started for acknowledging and rewarding the creative mind and fueling innovation within it.  

There are people who, equipped with proper innovation and skills, even do not care for employments, rather they create employments for themselves and others.    These people have great demand in their native land as well as in the global job markets. Over the years, hundreds of thousands of Bangladeshis went to different countries, particularly in the Middle East countries, to change their lot. But all of them are not skilled workers. Those who went abroad without equipping themselves with the requisite skills are doing menial jobs. Since they have no bargaining power, they have to accept whatever jobs are offered to them. They have no job security and are at the mercy of their employers.  

In the recent years, remittance from migrant workers became a driving force of the Bangladesh economy.  But this could have increased further had migrants with due skills in increasing numbers been engaged in jobs befitting them. Many Bangladeshi workers are confronted with job insecurity due to lack of basic education and vocational skills. Many were shown the door. Many returned to their homes utterly pauperized. This is very unfortunate.

Even at home, their lack of relevant skills and a mismatch between supply and demand leads to very poor employability and lower wages for them.   Considering the facts stated above, emphasis should be given on making the country’s technical and vocational training institutions need-oriented and effective for generating more competent work force to meet the growing national needs. What is needed is cooperation of all stakeholders in the development process.