This paper analyses the term of education, human resource development and globalization in the perspective of Bangladesh. It efforts to explore the Bangladeshi government and the private sector in enhancing human resource development by giving education in various phases to meet the challenges of increasing demand in labor market. Three areas have been explored, namely, education budget allocations, basic education provided by the government and private sector and the globalization aspects. Knowledge and education level of the human resource will be the key competitive weapon in the 21st century; and recommendations to accelerate human resource development have been discussed.