THE IMPACT OF GLOBALIZATION ON PRIMARY EDUCATION IN BANGLADESH(10)

Pre-vocational and technical education are taught from classes VI to VIII to enable students proactive, so that they can be easily employees and are not waited for long period to get job after completing their study. Even girls have been especially encouraged to vocational education in the primary level to ensure women empowerment and to contribute for overall economic development so that dropout girls’ students can be easily self-dependent. For this purpose, an integrated science course has been added where computer is being used as an instrument of teaching for the students of classes VI to VIII at the primary level so that all students can be computer-literate before they reach the secondary level. This program is yet to implement at all primary school in the country especially schools in rural areas. For that reason, students at primary level are being deprived from the facilities of global education.

COST AND FINANCING OF EDUCATION

International development agencies are financing and supporting making their partnership with the government and NGOs for developing educational situation and to ensure MDGs by 2015. The World Bank, for instance, is the largest external funder of education in Bangladesh. According to World Bank Report on Bangladesh Fact Sheet (2005-2006):

The World Bank is providing $150m to PEDP II to reduce drop-out rates, improve teaching quality and ensure timely delivery of textbooks. The World Bank also provided $51m to educate 500,000 currently out-of-school children. On the other hand, a $53m credit is financing literacy education for non-literate citizens over school-going age.

Although the World Bank is playing significant role in promoting primary and secondary education in the country, but the problems are that these are very conditional and provisional which often become contradictory with the protection of local cultures and domestic values. It brings negative consequences to the country in long future. Basically these financings are considered as the way of dependency for the developing countries.

Representative APR 391%. Average APR for this type of loans is 391%. Let's say you want to borrow $100 for two week. Lender can charge you $15 for borrowing $100 for two weeks. You will need to return $115 to the lender at the end of 2 weeks. The cost of the $100 loan is a $15 finance charge and an annual percentage rate of 391 percent. If you decide to roll over the loan for another two weeks, lender can charge you another $15. If you roll-over the loan three times, the finance charge would climb to $60 to borrow the $100.

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