Bangladesh Emerging outsourcing super power. A question by Tim Millett

Bangladesh Emerging outsourcing super power?
by Tim Millett

Bangladesh is becoming one of the most common sources of skilled expatriate IT workers, well above its statistical population. This is interesting in more ways than one. The New Economy is basically an outsourced world. If you’ve done a game programming course, you’re on your way to being the next World of Warcraft.

As a nation, Bangladesh has done it tough for a long time, but this new wave of possibilities could be the way of the future, in more ways than one. The New Economy is opening brand new doors, opportunities which have never existed in the global employment market before. Bangladesh is showing the capacity to produce high value outsourcers on a large scale.

Bangladesh is also in the right place at the right time. The demand for IT outsourcing and other technical skills is booming around the world. Bangladeshis don’t have to look too far to find markets for their skills. Australia, India and China are all natural markets in the region, and they’re also directly linked in to the global market.

This is “job agility” and “career dynamics” on a potentially colossal scale. The fact is that this market is open-ended. An outsourcing career can access a huge range of options across multiple sectors on this basis. IT is now fused with mass media, and that extends the range of options still further.

The economics of outsourcing- Capitalizing on local talent

The other phenomenon, now starting to take hold in embryonic form, is the creation of a pool of talent in the Bangladesh economy. That’s critically important. The name of the game in IT is innovation. Patents can be worth more than the GDP of whole nations, and if you’ve got the talent, you’ve got the potential to generate more money in a single idea than entire national industries.

If you’ve got the people, and Bangladesh has, the path is very well lit for developing high value industries. IT is only one of the options, too. Bangladesh also produces a lot of qualified people in major global skills markets, and a bit of applied national self-interest could go a long way. In the areas of engineering, in particular, there are always opportunities.

Combine this with close proximity to two of the world’s growing economic super powers, China and India, and you’ve got a recipe for major development, funded by local skills and export earnings for services. This could be exactly the economic supercharge Bangladesh has been looking for, based on very strong, proven capabilities.

The future is people

Bangladesh has always tried, hard, to build itself on its own terms. That could turn out to be an excellent approach to the new market for skills. Bangladesh has always had its people as a mainspring for bouncing back from adversity. The opportunity now exists for a very cost-effective development of its economy based on “people power”.

It wouldn’t take much to start this ball rolling. An investment in skills will pay back in massive returns over time. One generation of skilled workers could bring in more capital into the economy than Bangladesh has seen since independence.

Whatever your talents, whether you need a game development course or media training, it’s all there waiting for you. Check out your options.

Author Bio: Tim Millett is an Australian freelance writer and journalist. He writes extensively in Australia, Canada, Europe, and the US. He’s published more than 500 articles about various topics

*This article is provided by Sachin, sachin@webprofits.com.au

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