TITLE:
Why Is the Research on Higher Education and Labor Market Nexus Needed in Transitional Bangladesh?
AUTHORS:
A. N. M. Zakir Hossain, Mosa Shrabony Sheikh
KEYWORDS:
Higher Education, Labor Market, Inequality, Bangladesh
JOURNAL NAME:
Journal of Human Resource and Sustainability Studies,
Vol.9 No.2,
June
8,
2021
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.