Education and FinanceGAZI MAHABUBUL ALAM, PhD
Information on the growth of income per person across the developing nations reveal that at least one important measure of skills is consistently correlated with future growth. In other words, the more educated the population, the greater the subsequent growth in economic wellbeing. Human capital begets more human capital. Certain general skills make people better at learning new skills. A skilled worker is more productive than a non-skilled one. At the level of individual workers, in fact, there is abundant evidence that the importance of skill to one's economic wellbeing has grown over the last several decades.
The growth in this pay differential is a major factor behind the increase in income inequality that has received so much attention of late. The apparent reasons for this widening dispersion are relevant here. Wages paid to workers at any particular skill level generally reflect the productivity of those workers' how much economic value their work creates. If the wages of higher-skilled workers have grown more rapidly than the wages of the less skilled, it must be that the work environment has changed in a way that has made the productivity of better-skilled workers rise more rapidly.
One change that has had a tremendous effect on the way people work in recent decades is the application of information technology. And this change appears to have had differing effects on the productivity and wages of workers at different skill levels. It has become commonplace to talk about jobs that have been replaced by automation. These tend to be relatively low-skilled jobs, involving tasks that you can programme a machine to perform. On the other hand, jobs that require judgment and adaptability to changing conditions do not lend themselves as easily to automation. In fact, the application of information technology is likely to enhance workers' effectiveness in such jobs by relieving them of routine aspects of their jobs.
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Marketing of Education in Bangladesh: An Overview on the Perspective of Business Philosophy and Ethics
GAZI MAHABUBUL ALAM, PhD
Abstract: The research for this paper, the first of its nature in Bangladesh, has been carried out by desk study, documents review, interviews, questionnaires and observation. Findings reveal that community perceived that education is a social and public product. Significant changes within the perception between students and providers have been placed recently. Lately, both students and the providers commonly understand education as a commodity. Although most of the academics are in against of this kind of changes of attitude, however they failed to retain the traditional philosophy of education because of rapid privatization and non-existence of a policy.
Key words: Brand marketing, Competent Human Resources, Customer, Marketing of Education, Privatization of Education, Producer, Promotion Policy.
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