Bangladesh longs for remittances
How to get $30 billion in remittances per year?
Bangladesh Finance Adviser AB Mirza Azizul Islam speaking at the Bangladesh Enterprise Institute last week suggested "sending more workers abroad, especially skilled workers."
In the fiscal year closed on June 30, Bangladeshis working abroad sent home nearly $6 billion – a 25 percent increase from a year before. To Mr. Islam's suggestion, we add another helpful resource.
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Remittances what did India do?
1. India did a swot analysis in the late 80s and identified population as its strength.
2. Hence they decided to concentrate on some key sectors based on demand factors. Health and education sectors were identified. It was duly communicated to the Industry.
3. Changes in the Indian educational sector that helped the migration of more workers:
- Liberalisation (more private universities allowed)
- Vocational education was completely liberalised.
- more autonomous colleges were permitted. they had the option of adding and reducing the courses at will.
Consequences:
1. When there was IT boom there were many IT courses that were offered - targeted at US market.
2. When there was the oil crisis and price hike, the instrumentation engineers were in demand.
3. When Ford, Hyundai, and others came into India, the automobile engineering caught up.
4. When there was a great demand for doctors in UK many went to USSR to get the Bachelor of Medicine degrees.
5. When there was a great demand for nurses, many nursing institutes came up.
6. When the BPO boom came in when there was a great demand for the tele-radiology, the pathologist and radiologist courses got the maximum enrolment.
The government also allowed the public sector banks to lend for the overseas education. this not only provided the exposure for the Indian students but also the opportunities.
Well if Bangladeshi carpenters are needed more in Gulf why not have more schools teaching carpentry.
It is just the mapping of the opportunities. If we don’t map the opportunities for the kids they map it for themselves.
Recent bombings in UK is an lesson that it is not just estimation of the demand for education but the subsequent employment and post employment engagement of the youth that can help us..
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jamespdaniel@gmail.com
Posted by: Dr James Daniel Paul | Jul 6, 2007 8:14:40 AM