Bangladesh Tertiary Education Sector Review : Skills and Innovation for Growth
Bangladesh is recognized globally for its remarkable track record of socioeconomic development and potential for becoming an economic powerhouse in the region. The economy has sustained impressive economic growth over the past three decades despite...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/303961553747212653/Bangladesh-Tertiary-Education-Sector-Review-Skills-and-Innovation-for-Growth http://hdl.handle.net/10986/31526 |
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okr-10986-31526 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
TERTIARY EDUCATION JOB MARKET LABOR MARKET GENDER EQUALITY ENROLLMENT EDUCATION FINANCE STUDENT FINANCIAL AID DIGITAL LITERACY FACILITIES EDUCATION QUALITY |
| spellingShingle |
TERTIARY EDUCATION JOB MARKET LABOR MARKET GENDER EQUALITY ENROLLMENT EDUCATION FINANCE STUDENT FINANCIAL AID DIGITAL LITERACY FACILITIES EDUCATION QUALITY Rahman, Tashmina Nakata, Shiro Nagashima, Yoko Rahman, Mokhlesur Sharma, Uttam Rahman, Muhammad Asahabur Bangladesh Tertiary Education Sector Review : Skills and Innovation for Growth |
| geographic_facet |
South Asia Bangladesh |
| description |
Bangladesh is recognized globally for
its remarkable track record of socioeconomic development and
potential for becoming an economic powerhouse in the region.
The economy has sustained impressive economic growth over
the past three decades despite incidences of political
conflict, natural calamities, and financial shocks. The
country met the Millennium Development Goals ahead of time
and reduced the poverty level substantially over the past
decades. Progress in human development, education, and
health has been equally impressive and produced a healthier
and better-educated working population. More women are
joining the workforce while gender gaps in pay are gradually
narrowing. Moving forward, the country aspires to reach the
stage of a developed economy in the next two decades.
Bangladesh needs to prepare its workforce for the emerging
challenges for a dynamic economy in an increasingly
globalized world. The economy is undergoing structural
changes on several fronts. First, Bangladesh has
transitioned from a largely traditional, agriculture-based
economy to an industry and service-driven economy. Industry
sector has been the main driving force for economic growth.
Second, more recently, technological progress is rapidly
changing the production and service modality. Firms need to
not only constantly adjust their business and production
modality with these technological changes but also have
highly skilled manpower who can enable such change
processes. Third, a growing and youthful workforce in
Bangladesh provides a window of opportunity to improve
productivity and accelerate economic growth. Equipping the
young generation with the skills needed for jobs remains
crucial. On one hand, employers are demanding higher-skilled
professionals for technical and managerial positions to
support the growing industry and service sectors. On the
other hand, tertiary education institutes (TEIs) are
struggling to produce employable graduates for the job
market. Unemployment rates are consistently high among
tertiary graduates, causing prolonged and frustrating
joblessness for many. At the same time, the culture and
practice of collaborative research to promote industry
competitiveness and innovation has been largely missing in
the country’s tertiary education landscape, undermining
Bangladesh’s competitiveness ranking in the global knowledge
economy. There is urgent need to identify and address the
challenges in the sector and orient tertiary education
toward the demands of the economy and labor market to help
realize Bangladesh’s full economic development potential. On
one hand, employers are demanding higher-skilled
professionals for technical and managerial positions to
support the growing industry and service sectors. On the
other hand, tertiary education institutes (TEIs) are
struggling to produce employable graduates for the job
market. Unemployment rates are consistently high among
tertiary graduates, causing prolonged and frustrating
joblessness for many. At the same time, the culture and
practice of collaborative research to promote industry
competitiveness and innovation has been largely missing in
the country’s tertiary education landscape, undermining
Bangladesh’s competitiveness ranking in the global knowledge
economy. There is urgent need to identify and address the
challenges in the sector and orient tertiary education
toward the demands of the economy and labor market to help
realize Bangladesh’s full economic development potential. |
| format |
Report |
| author |
Rahman, Tashmina Nakata, Shiro Nagashima, Yoko Rahman, Mokhlesur Sharma, Uttam Rahman, Muhammad Asahabur |
| author_facet |
Rahman, Tashmina Nakata, Shiro Nagashima, Yoko Rahman, Mokhlesur Sharma, Uttam Rahman, Muhammad Asahabur |
| author_sort |
Rahman, Tashmina |
| title |
Bangladesh Tertiary Education Sector Review : Skills and Innovation for Growth |
| title_short |
Bangladesh Tertiary Education Sector Review : Skills and Innovation for Growth |
| title_full |
Bangladesh Tertiary Education Sector Review : Skills and Innovation for Growth |
| title_fullStr |
Bangladesh Tertiary Education Sector Review : Skills and Innovation for Growth |
| title_full_unstemmed |
Bangladesh Tertiary Education Sector Review : Skills and Innovation for Growth |
| title_sort |
bangladesh tertiary education sector review : skills and innovation for growth |
| publisher |
World Bank, Washington, DC |
| publishDate |
2019 |
| url |
http://documents.worldbank.org/curated/en/303961553747212653/Bangladesh-Tertiary-Education-Sector-Review-Skills-and-Innovation-for-Growth http://hdl.handle.net/10986/31526 |
| _version_ |
1764474509724745728 |
| spelling |
okr-10986-315262021-09-16T20:00:42Z Bangladesh Tertiary Education Sector Review : Skills and Innovation for Growth Rahman, Tashmina Nakata, Shiro Nagashima, Yoko Rahman, Mokhlesur Sharma, Uttam Rahman, Muhammad Asahabur TERTIARY EDUCATION JOB MARKET LABOR MARKET GENDER EQUALITY ENROLLMENT EDUCATION FINANCE STUDENT FINANCIAL AID DIGITAL LITERACY FACILITIES EDUCATION QUALITY Bangladesh is recognized globally for its remarkable track record of socioeconomic development and potential for becoming an economic powerhouse in the region. The economy has sustained impressive economic growth over the past three decades despite incidences of political conflict, natural calamities, and financial shocks. The country met the Millennium Development Goals ahead of time and reduced the poverty level substantially over the past decades. Progress in human development, education, and health has been equally impressive and produced a healthier and better-educated working population. More women are joining the workforce while gender gaps in pay are gradually narrowing. Moving forward, the country aspires to reach the stage of a developed economy in the next two decades. Bangladesh needs to prepare its workforce for the emerging challenges for a dynamic economy in an increasingly globalized world. The economy is undergoing structural changes on several fronts. First, Bangladesh has transitioned from a largely traditional, agriculture-based economy to an industry and service-driven economy. Industry sector has been the main driving force for economic growth. Second, more recently, technological progress is rapidly changing the production and service modality. Firms need to not only constantly adjust their business and production modality with these technological changes but also have highly skilled manpower who can enable such change processes. Third, a growing and youthful workforce in Bangladesh provides a window of opportunity to improve productivity and accelerate economic growth. Equipping the young generation with the skills needed for jobs remains crucial. On one hand, employers are demanding higher-skilled professionals for technical and managerial positions to support the growing industry and service sectors. On the other hand, tertiary education institutes (TEIs) are struggling to produce employable graduates for the job market. Unemployment rates are consistently high among tertiary graduates, causing prolonged and frustrating joblessness for many. At the same time, the culture and practice of collaborative research to promote industry competitiveness and innovation has been largely missing in the country’s tertiary education landscape, undermining Bangladesh’s competitiveness ranking in the global knowledge economy. There is urgent need to identify and address the challenges in the sector and orient tertiary education toward the demands of the economy and labor market to help realize Bangladesh’s full economic development potential. On one hand, employers are demanding higher-skilled professionals for technical and managerial positions to support the growing industry and service sectors. On the other hand, tertiary education institutes (TEIs) are struggling to produce employable graduates for the job market. Unemployment rates are consistently high among tertiary graduates, causing prolonged and frustrating joblessness for many. At the same time, the culture and practice of collaborative research to promote industry competitiveness and innovation has been largely missing in the country’s tertiary education landscape, undermining Bangladesh’s competitiveness ranking in the global knowledge economy. There is urgent need to identify and address the challenges in the sector and orient tertiary education toward the demands of the economy and labor market to help realize Bangladesh’s full economic development potential. 2019-04-11T19:28:06Z 2019-04-11T19:28:06Z 2019-03 Report http://documents.worldbank.org/curated/en/303961553747212653/Bangladesh-Tertiary-Education-Sector-Review-Skills-and-Innovation-for-Growth http://hdl.handle.net/10986/31526 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Education Sector Review Economic & Sector Work South Asia Bangladesh |