Realizing Potentials of the Female Population of Bangladesh
Bangladesh is a growing nation with huge potentials. Around 50% of its population is within the age range of 0 to 24 years. With the MAC (middle and affluent consumer) population predicted to rise to 19% by the year 2025 from the current 7%, investors, marketers and alike are eyeing the prospect of the country with immense interest. Globally, the country is the second largest ready-made garment producer, ranked 7th in terms of labor force as in the year 2013, and predicted to be the third highest growing economy for the year 2016.
However, the country is yet to address the strength of its huge population, as 50% of the population is not supported enough to realize its potentials.
The female population, which makes up around 50% of the country’s population, is underrepresented in the total labor force with only 35.98% of them being women. While readymade garment industry boasts of employing 80% female workers, the average wage of a woman is only 69% of that earned by a man in corresponding job (BBS, 2012). According to UNICEF, Bangladesh also has one of the highest child marriages in the world. 65% of girls are married by their 18th birthday and 29% by the age of 15. Hence, closing forever their opportunity to complete academic education.
While some progress are being made in improving the conditions of women in the following sectors: health & nutrition, education, a lot more can be done on increasing the potentials and turning those potentials into economic benefits for the female population as well as the country.
Identify ways to increase the potentials of the female population & how the country can help transform these potentials into economic progress (no more than 300 words)
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