Integrating Workforce and Economic Development for Innovation and Resilience: Lessons from Case Studies

Dr. Subhashree  Panda

Dr. Subhashree Panda Assistant Professor, Parala Maharaja Engineering College, Odisha, India

Keywords: Bangladesh, workforce development, economic resilience, public-private partnerships, sustainable growth

Abstract

This study explores the intersection of workforce and economic development in Bangladesh, focusing on how strategic integration across sectors drives innovation and economic resilience. Through an examination of policies, public-private partnerships, and skill development initiatives, Bangladesh’s economy has successfully transitioned from agricultural dependence to a more diversified, industry-driven model. However, sectoral challenges such as wage stagnation in ready-made garments (RMG) and skill gaps in digital services highlight areas for improvement to sustain long-term growth. Comparative analysis with international benchmarks indicates that Bangladesh's inclusive development strategy—emphasizing education, workforce training, and technological adoption—presents a valuable model for other emerging economies. Findings suggest that ongoing investments in infrastructure, vocational training, and informal sector inclusion are essential for equitable and resilient economic growth in Bangladesh, demonstrating that an integrated approach to workforce and economic policy is crucial for sustainable development.

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