The Pulse Today
BREAKING
Sajib Pledges Aid for 50,000 Flood-Affected People in SonargaonMP Azharul Islam Mannan Distributes Relief Funds to Needy Families in SonargaonParliament Proposes Anti-Gambling Bill with Maximum 7-Year Prison PenaltyOpenAI Unveils 'Schedule' Feature to Boost Task Management in AI ChatbotPrime Minister Tareq Rahman Arrives in Dalian, China for Economic ForumEurope Confronts Intense Heatwave; Conditions Predicted to DeteriorateGold Prices Rise Again in Bangladesh Amid Global Market IncreaseSpaceX's Nasdaq Debut Values Company at Over $2 Trillion, Surpassing AmazonStudy Reveals AI Data Centers Contribute to Local Temperature IncreasesNarayanganj BNP Youth Wing Holds Rally to Welcome New Central CommitteePrime Minister Advocates for Unity to Build a Prosperous Bangladesh120 Banned Awami League Members Charged Under Anti-Terrorism Act in GopalganjAhmed Azam Khan Vows to Implement July Charter for a Prosperous BangladeshDhaka Court Adjourns Graft Case Against Former IGP Benazir Ahmed Till August 17Dhaka District Honors July Martyrs with Ceremony at Rayerbazar Mass GraveBangladesh Reports 8 Additional Child Deaths Linked to Measles SymptomsILO Commends Dhaka EPZ for Enhanced Workers' Welfare and Labour ManagementDhaka Stocks Retreat from Rally as Profit-Taking Drags Market LowerBangladesh Bank Implements Special Exit Policy for Finance Companies to Manage Non-Performing LoansBangladesh Reports Two Additional Dengue Deaths and 306 New CasesUrgent Policy Reforms Needed to Prepare Global South for Future of Work, Experts SayTwo Fatalities Reported in Pabna Bus-Ambulance CollisionDMP Files 2,085 Cases for Traffic Rule Violations in DhakaIshraque Hossain Visits Wasim's Grave, Calls for Justice for July Movement MartyrTribunal Finds Systematic Repression in July 2024 Mass Uprising

Urgent Policy Reforms Needed to Prepare Global South for Future of Work, Experts Say

Economists and labour market experts urge policy reforms to help countries in the Global South adapt to rapid changes in the world of work driven by technology and digitalisation.

By Staff Correspondent
Share
Experts urge policy reforms to prepare Global South for future of work | Business
BSS

Economists and labour market experts have called for urgent policy reforms and stronger institutional preparedness to help countries in the Global South adapt to the rapidly evolving world of work shaped by technological advancement, digitalisation and structural economic transformation. The call came during a global webinar titled "Work in Flux: Foresight for the Future of Work in the Global South", organised by the Centre for Policy Dialogue (CPD) in collaboration with international partners.

Chairing the webinar, CPD Distinguished Fellow Dr Debapriya Bhattacharya said the labour ecosystem is undergoing profound changes while existing policies and institutions are struggling to keep pace. He observed that conventional forecasting methods based on historical trends and linear projections are becoming increasingly inadequate for anticipating rapid technological and structural shifts in labour markets. Foresight analysis provides a more effective approach to exploring multiple future scenarios and supporting evidence-based, forward-looking policymaking.

Presenting findings from CPD's Bangladesh foresight study, Additional Research Director Towfiqul Islam Khan said the research identified 27 key drivers that are expected to shape the country's future of work through 2035. The study also identified five trends that are expected to remain constant regardless of future scenarios, including irreversible digitalisation, a transition towards higher-value services, persistent skills mismatches, continued exposure to external shocks such as climate change and trade disruptions, and the growing importance of institutional agility in determining who benefits from emerging opportunities.

To address these challenges, the study recommended eight priority policy measures, including reforms in education and skills development, lifelong learning and reskilling, employment-oriented industrial policies, stronger labour market information systems, modernised social protection for gig and platform workers, and targeted support for vulnerable groups during labour market transitions. The webinar featured an international panel that highlighted the need to better align education systems with labour market demand, expand public-private partnerships for workforce development, strengthen social protection frameworks, mitigate the unequal effects of automation and ensure that digital transformation creates inclusive and decent employment opportunities.

The discussion concluded with a consensus that the key challenges surrounding the future of work are already well understood and that governments should now focus on implementing practical policy measures. Participants called for stronger collaboration among governments, employers, researchers and development partners to translate evidence into forward-looking policies that promote inclusive employment, institutional resilience and decent work while ensuring that no one is left behind. The webinar was organised by CPD in collaboration with JustJobs Network, LIRNEasia, Southern Voice and the Citizen's Platform for SDGs, Bangladesh, under the FutureWORKS Asia initiative supported by the International Development Research Centre (IDRC). For Bangladesh, the foresight study's findings and policy recommendations hold particular significance as the country navigates its own future of work challenges and opportunities.

Source: BSS

Topics

Comments

More in Economy

See all →

Latest stories