Vol. 5 Num 591 Thu. January 26, 2006  

'High growth rate needed to create adequate jobs'

The country's present economic growth rate is not enough to generate adequate number of jobs, economist Wahiduddin Mahmood said yesterday.

He also said corruption has slowed the pace of poverty alleviation in Bangladesh.

He however said in Bangladesh one percent GDP (Gross Domestic Product) growth generates 0.6 percent employment compared to 0.1 percent employment in China.

He was speaking as chief guest at a workshop on Improving Institutions for Pro-poor Growth in Bangladesh in Dhaka. Unnayan Shamannay, a local NGO, and CUTS, India jointly organised the workshop.

Bipul Chatterjee, director of CUTS, India, and M Abu Eusuf, assistant professor of Department of Development Studies of Dhaka University, presented two separate key note papers on RMG and poultry sectors in Bangladesh.