“Unemployment and Public Policy: Socio-economic Impacts in Bangladesh”
Abstract: Unemployment is a damaging culprit in developing countries by its socio- economic impacts. Most of the people in Southeast Asian countries, African countries and some of Latin American countries are enjoying jobless by getting assistances from developed countries, international donor agencies, by involving terrorisms, drug addictions, smugglings and by creating environmental hazards from bearing fatal diseases and polluting the world. On the other hand, Developed countries and international donor agencies are expressing and creating international status or images by giving assistances (e.g., foods, shelters, medicines, etc.). A new model can be developed named as ‘Own-employed by own-self’ (OMOS) for generating employment. The study will seek answers how and why unemployment is a curse (remaining jobless forever) in developing countries from their birth in the world. The study will provide suggestions and practicable measures for the future prospects of employment-generation by using ‘Ownemployed by own-self’ (OMOS) model.
Brief Sample of ‘Own-employed by own-self’ (OMOS) Model: OMOS Model can be defined as ‘the process of cost-benefit analysis of the socioeconomic impacts of unemployment and reducing social and economic inequality through technological and financial supports by developed countries and international donor agencies’. Before giving a brief sample of the OMOS Model, the study given an analysis of concept below:
Have people socio-economic impacts in the world for being jobless?
Yes
No
If yes, what are the socio-economic impacts?
Poor, Developing and Under-Developed Countries
Social Impacts: (Such as homeless and housing stress, family tensions and breakdowns, boredom, alienation, crime, social isolation, addictions, injustice, food crises, diseases, and environmental hazards, etc.)
Economic Impacts: (Such as loosing earnings, stress and health problems, poverty, debt, lower GDP, Education, Savings, etc.)
Getting Grants, Aids, Loans, Projects, and Programs from Developed Countries (e.g., America, Canada, Japan, China, UK, Australia, etc.) and International Donor Agencies (e. g., IMF, World Bank, UNICEF, OXFAM, etc.). Results: Unemployment (Remaining Jobless from birth to death). If no, what are the alternatives of socio-economic impacts? Developed Countries
Alternatives Impacts (Employment): High Standards of Living Level, High Earnings and Savings, High GDP Growth rate, Technological Improvements, Educational Standards, Leadership over poor, developing and under-developed countries. Getting High Technological and Bilateral Supports from each other’s, Using poor, developing and under-developing countries their own-purposes. Result: More Developed from Developed
Donors Analysis (Regions-based)
OMOS MODEL
Case Analysis (Need-based)
Convincing Donors (Area-based) Taking Actions (When and Where)
Identify Needs (Problem-based)
Cost-Benefit Analysis
Job Matching (Qualifications-based)
Problem Analysis (How and Why)
Ideas Matching Technological, Financial Assistances
(Regions-based)
Employing and Performing
Forecasting
(Self-reliance)
(Solutions-based)
Expected Outcomes/Results (Improvement Analysis)
Expected Solutions
Employment-Generation
(Time analysis)
Note: [Literature Review, Purpose of the Research, Research Questions, Hypothesis and Methodology, etc. I didn’t mention here directly because of OMOS Model that will be developed under your supervision by focusing on ‘Unemployment and Socio-economic Impacts in Developing Countries’. I am very much interested to do such kind of research under your consideration as a Research assistant.]