Feasibility study for new projects of DYD
The labour market for the youth had drawn immense interest among the policy makers in recent years. This was mainly because of the growing cross country literature towards the contribution of human capital dividends on economic growth. Interestingly, the nexus among human capital dividend-productivity-economic growth is found to reveal mixed evidences towards its contribution on economic growth based upon age group in the cross country context that has profound policy implications. For example, a rapidly aging population could drag down Japan's average annual GDP growth by 1 percentage point over the next three decades. Contrarily, youths (those in the age group of 18-35 years as defined by the National Youth Policy, 2017) constitute about one-third of the total population i.e. 4,80,24,704 according to the Population and Housing Census, 2011.
The National Youth Policy 2017 focuses on several target groups such as welfare of unemployed youths, young females, young entrepreneurs, expatriate youths, rural youths, school dropout youths, illiterate youths, unskilled youths, youths with special needs, youth with drug addiction problem, homeless youths, and youths suffering from epidemics. Defining the age group 18-35 years as “Youth”; the Government of Bangladesh created Ministry of Youth Development in 1978 which subsequently renamed Ministry of Youth and Sports (MoYS) and Department of Youth Development (DYD) in 1981. Since its inception, the DYD has been working to transform the promising, productive and job-seeking youth force into disciplined, organized and skilled workforce so that the active labour force can fully participate in the nation’s transformation process towards digitalization (2021), achieving SDG goals (2030) and developed country status (2041). Through the Department of Youth Development, the MoYS provides more than a dozen services including self-employment and entrepreneurship development training on different trades, ICT training, micro-credit scheme and so on.
Despite it has been argued that the contribution of productivity in the production process has been very low in Bangladesh, the prospects of the active labour force has not been widely explored in the context of human capital dividend-productivity-growth literature. There also exists very limited discussion on the returns to skill-based training intervention programs on youth development. Furthermore, the exploration of these evidences is undoubtedly time worthy and critical at this unprecedented time when the global and local economic production process and business eco systems are completely hit by the Covid-19 pandemic; thereby impacting the decadal successes of the government in achieving the SDGs primarily through the employment channel. Hence, there is an absolute need to design and implement age group-based labour market intervention programs to identify, build, facilitate and enhance the productivity of the youths in the economic development process and formulate short- to medium-term strategies to generate employment through youth empowerment in the post Covid-19 era. In this line of argument, the Department of Youth Development (DYD) had proposed six (6) new projects to achieve the goals and objectives of the government’s election manifesto, 8th Five Year Plan, Perspective Plan, National Youth Policy and the Sustainable Development Goals.
In this backdrop, the DYD has nominated BIDS to conduct the ‘Feasibility study for new projects of DYD’ with the following objectives:
Objective(s) of the Study:
i) The primary objective of the feasibility study is to understand the investment rationale of the proposed new projects, to assess their financial, technical, economic, and implementation feasibilities, to identify training demands for new trades towards overseas employment and to conduct SWOT (Strength, Weakness, Opportunities and Threat) analyses for the proposed projects.
ii) The secondary objective of the study is to assess market demand for training opportunities for new trade, to explore employment and self-employment opportunities for local and returnee migrants, to identify new sectors for training, to determine the pathways towards transformation of trained youths into successful entrepreneurs.
The study will employ mixed methodologies utilizing both quantitative and qualitative data. Data will be generated using Survey Questionnaire, Focus Group Discussion (FGD), Key Informant Interviews (KII) and workshop group discussion.
Study Team: Dr. Azreen Karim (Study Director), Dr. Binayak Sen, Rizwana Islam, Tanveer Mahmood, Mahir. A. Rahman.
Time period: July, 2021 – December, 2021.