Labour-Intensive Industrialisation Is the Urgent Need of the Hour Labour-Intensive Industrialisation Is the Urgent Need of the Hour Despite the fact that Indian economy has been surging ahead and the GDP growth showing a steady rise over the years, the spectre of unemployment and imbalanced development among various regions still keeps staring us in the face. Unless the fruits of economic development reach one and all, there is every likelihood of the tremors of unrest erupting every now and then. Undoubtedly, we need credible policy solutions to reduce imbalances. Industrial development must spread to new regions so that the feeling of neglect and alienation among people living in the least developed areas of India is adequately addressed and pacified.
Lok Nath Bhusal Labour is one of the factors of production. It makes other factors of production functional and dynamic.
Labour merits a prominent place in traditional as well as modern growth accounting. Economic growth and development are critically interlinked.
When we talk about development, labour is both the means and end of development. Nepalese labour and employment sector has a number of unresolved issues which have historically undermined national development endeavours.
These issues range from national manpower planning to research and development. With the emergence of a positive scenario in our economic sphere growth rate of about seven percent recently, these pertinent issues need to be highlighted and addressed quickly to pave the way for economic take off.
The first issue is of National Manpower Planning. Despite the planned development experiences of more than six decades, we do not have a manpower plan which clearly spells out the demand and supply situation of human resource in the country.
This lacking misses the interface between education and labour market, making our education system ineffective. The second issue which is also related to the first one is about equipping the manpower with skills required for the local and global markets.
The available data reveals that most of our labour force is unskilled. Even many of the school and college graduates are lacking required skills for the contemporary labour market. This skill gap has necessitated the imports of skilled and expensive foreign labour and, in the meantime, exports of large number of cheap domestic labour force to the Gulf and Malaysia.
Thirdly, developing labour market information system has also been a critical issue in the Nepalese labour market. The lack of such a system undermines the efficient and effective labour market operation and the productivity of the whole economy.
Workers are unaware of job availability while the employers are unaware of labour availability. The fourth issue is about fixing labour laws and regulations. Since this issue is related to labour governance, it affects the smooth mobilization of labour and determines the productivity of labour.
There is a persistent need to carry out a host of labour market reforms. The fifth issue also related to the earlier one is about striking a balance between labour rights and industrialization. While industrial relations have improved remarkably over the years, the pace of industrialization has become rather slow.
This has resulted in the steady decline in the contribution of manufacturing sector in the gross domestic product for the last two decades. Industrial jobs have also declined over the years.
The sixth issue is about creating approximately five lakh jobs annually in the economy. As the sustainability of foreign employment is critically weak, there is no alternative to generating domestic employment opportunities massively.9 days ago · We don’t need job summits and investment summits as much as a summit on the changing nature of work and how we must go about adapting to the .
The situation for processors is "urgent and critical", according to Cormac Healy of Meat Industry Ireland (MII). "Companies are facing critical shortages.
It's a very labour-intensive industry, and when there's a shortage of labour it could undermine our ability to supply new markets and the growth of . By , policies no longer targeted small ventures and labour-intensive industrialisation. After , economic stabilisation and deregulation rekindled the momentum of industrialisation.
Labor intensive refers to a process or industry that requires a large amount of labor to produce its goods or services. The degree of labor intensity is typically measured in proportion to the amount of capital required to produce the goods or services; the higher the proportion of labor costs required, the more labor intensive the business.
Key Issues In Nepalese Labour Market. Dr. Lok Nath Bhusal. While labour-intensive industrialization is by far the most prominent alternative to create jobs, policy reforms should also induce the creation of jobs in the primary and tertiary sectors. For this, there is an urgent need of mainstreaming employment in sectoral development.
Industrialisation in the plastics sector has in the main been export oriented the study found. Industrial Policy Framework adopted in aimed at promoting labour intensive industries (Strauss, ). This point to the urgent need of building domestic industrial capacity and thus Import Substitution Industrialisation.