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Structural Change and Dynamics of Labor Markets in Bangladesh: South Asia

Derrick Hughes

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Structural Change and Dynamics of Labor Markets in Bangladesh (South Asia Economic and Policy Studies)

by Selim Raihan

5 out of 5

Language	:	English
File size	:	6150 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	237 pages

Bangladesh, a vibrant and rapidly growing economy, has witnessed profound transformations in its labor market over the past few decades. These changes, driven by a complex interplay of globalization, technological advancements, and social factors, have significantly shaped the employment landscape in the country.

This book, "Structural Change and Dynamics of Labor Markets in Bangladesh: South Asia," delves into the intricate web of these labor market dynamics, providing valuable insights into the challenges and opportunities they present. Through comprehensive analysis and rigorous research, it sheds light on the evolving nature of employment, the impact of economic growth, and the interplay of labor market policies and institutions.

Labor Market Transformation

The labor market in Bangladesh has undergone a significant shift from a predominantly agricultural economy to a more diversified one, characterized by the growth of manufacturing, services, and export sectors. This transformation has brought about substantial changes in the composition of employment, with a decline in agricultural employment and a corresponding rise in non-agricultural sectors.

The book examines the drivers behind this structural change, exploring the role of macroeconomic policies, international trade, and technological advancements. It analyzes the impact of these changes on labor force participation, employment patterns, and wage structures, providing a comprehensive understanding of the evolving labor market.

Employment Dynamics

Employment dynamics in Bangladesh are characterized by both opportunities and challenges. The book explores the factors influencing employment growth, such as economic growth, investment, and labor force expansion. It also examines the challenges of unemployment and underemployment, which continue to affect a significant portion of the population, particularly among youth and women.

The analysis delves into the determinants of job creation and destruction, examining the impact of industry dynamics, firm characteristics, and government policies. It provides valuable insights into the factors shaping the employment landscape and the prospects for sustainable employment growth.

Wages and Income Inequality

Wages and income inequality are central issues in the labor market of Bangladesh. The book analyzes wage determination mechanisms, exploring the role of skills, education, and labor market institutions. It examines the distribution of income across different income groups and regions, highlighting the challenges and disparities in income equality.

The analysis sheds light on the factors contributing to wage gaps, such as gender discrimination, regional disparities, and skill mismatches. It also assesses the impact of minimum wage policies and other labor market interventions on wage levels and income distribution.

Labor Market Policies and Institutions

The book explores the role of labor market policies and institutions in shaping the dynamics of the labor market in Bangladesh. It examines the legal framework governing labor relations, the functioning of trade unions, and the provision of social protection mechanisms.

The analysis assesses the effectiveness of labor market regulations and institutions in addressing issues such as job security, worker protection, and social dialogue. It also evaluates the impact of labor market policies, such as minimum wage regulations and labor market training programs, on employment and wages.

"Structural Change and Dynamics of Labor Markets in Bangladesh: South Asia" is an invaluable resource for policymakers, researchers, students, and practitioners interested in understanding the intricacies of Bangladesh's labor market. It provides a comprehensive analysis of the transformative forces shaping the employment landscape, the challenges and opportunities in the labor market, and the role of policies and institutions in promoting inclusive and sustainable labor market outcomes.

By delving into the dynamics of labor markets in Bangladesh, this book contributes to the broader understanding of labor market transformations in South Asia and beyond. It offers valuable insights that can inform policymaking, guide future research, and foster more effective interventions to promote decent work and social justice in the region.

Book Cover: Structural Change And Dynamics Of Labor Markets In Bangladesh Structural Change And Dynamics Of Labor Markets In Bangladesh (South Asia Economic And Policy Studies)