Why Is the Research on Higher Education and Labor Market Nexus Needed in Transitional Bangladesh?

A N M Zakir Hossain,Mosa Shrabony Sheikh

doi:10.4236/jhrss.2021.92019

Abstract

Inequality is growing all over the world. As literature shows, two determinants are repeatedly mentioned, responsible for this inequality: incomes and jobs. The growing international trade and technological advancement direct this change as machines are increasingly replacing jobs. Nowadays, Bangladesh is gaining progress in transforming the rural-based agrarian economy approaching modern urban-based manufacturing and service-based economy, contributing a sound basis for further transformation. Simultaneously, it was an agricultural country from its genesis, and agriculture played a dominant role in the economy regarding income generation and employment opportunities. Education is pertinent in this regard as it has significant implications in human capital and the labor market. This study strives to identify the influence of governance in higher education and the labor market and focuses on exploring the significant determining factors of inequality in the existing society. It also tries to answer why the research on higher education and the labor market is essential in Bangladesh for self-sustaining and how the research could be executed. In this global era, institutions produce a bias in favor of the status quo. This study focuses on knowing how this bias will change through research on governance in education and the labor market in the future. Finally, the study concludes by expecting the practical outcomes of further research on higher education and the labor market for sustainable growth and development.

Highlights

Introduction and Background of the StudyBangladesh is a developing country that resided in south Asia, sharing a border with India and Myanmar, emerged as a sovereign state after a nine-month-long bloody war of liberation in 1971 against Pakistan
We tried to explain why we focus on the collaborative and comprehensive research of higher education and the labor market in Bangladesh
The self-sustaining economic growth and development are essential for sustainable development in the 21st century when Bangladesh is suffering from a thousand hundreds of unemployed graduates while scarcity of handsome amount of technical human resources

Summary

Introduction and Background of the Study

Bangladesh is a developing country that resided in south Asia, sharing a border with India and Myanmar, emerged as a sovereign state after a nine-month-long bloody war of liberation in 1971 against Pakistan. The substantial numbers of unskilled labor in the labor force added a burden due to skill mismatches and suffering from it to fix it in an economy (Pauw et al, 2008) that could contribute to economic growth when improving the quality of higher education lead to higher income and employment rates (Ordine & Rose, 2011). The study will examine the strength and weakness of the education governance of Bangladesh, analyzing the structure and growth of human capital and labor force and its trends towards employment to arrive at specific inferences in the changing competitive environment during this transition. We have highlighted the research outcome on higher education and the labor market policies and their utility to help the students, researchers, and policy makers for further utilization of the research findings

Conceptual and Analytical Framework

Theory of Governance

Human Capital Models

What Research Methodology Can Be Practical?

Findings

Conclusion