Posted by: Lemon January 24, 2006
Nepal is richer than...
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Who says Nepal is richer just because the GDP is increasing??? GDP is a measure of "economic transations" and not "progress". GDP of a country bascially says only one thing: how much money the people of the nation have spent in a given year! The more money the people spend the more the economy grows. Aba what is to be noted is that a lot is being spent for the peace keeping... natiocal security due to the internal war thats going on in the country and similarly a lot of money is being circulated for restoration of the damaged properties..lives.. and all that.. which is taken into account to derive the GDP. So the GDP is bound to increase under the circumstances that our country is under. GDP is strange :P I mean natural calamites.. war.. these factors increase the transation of goods and services which ofcourse increases the GDP. So i dont see anything to be happy about as far as the fact about our GDP being comparitively higher than other countries is concerned. The bottom line is it bears only a vauge resemblace to the ecomomy that we are actually experiencing in Nepal right now.. kaso?? The reality about our countrys economy is sooo obvious to all of us ... let us not have the false impression about it just because of some comparisons made by wikipedia .. Peace :)
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