Posted by: bibas100 August 21, 2006
How can we develop Nepal?
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There are several issues to be addressed before we can have developed Nepal. A couple of points to be noted: Sustainable peace: no country can prosper if uncertainty prevails in the country. Mob rule in Nepal has to stop. For this, we need changes from the grassroot level. Just see the protests against the hike in Petro prices. Yes, we are poor but we cannot do anything with the rise in petro prices because we don't determine their prices. Perpetual subsidization of prices isn't possible. Read this article for a brief info on the Nepalese mentality: http://dreamnepal.wordpress.com/2006/06/21/mob-rule-still-prevails-can-this-government-handle-violent-masses Maoists problem has to be solved. Businesses need a threat-free environment to operate freely and boost employment in the country. Unions should be realistic.Issues related to this topic can be found in the following articles: http://dreamnepal.wordpress.com/2006/06/25/multinationals-closed-in-nepal Education is an importand determinant in employment creation. Though there isn't a detailed analysis done so far regarding the role of education on growth of economy, it is assumed vital. Private education should be promoted and in areas where private boardings dont open up, public education should substitute. Finances: We do get a lot of aid every year but it fails to deliver up to our expectations. So, corruption control is vital if we want to prosper. http://dreamnepal.wordpress.com/?s=corruption Furthermore, we do not lag behind because we don't have money. We lag behind because we don't know how to put the money we have in a good use. Remittances have a great role to play in our economy if we can tap them well. Most of it has been spent in consumption goods (80% of remittances goes to it) and most goods are imported. We are already into luxury when we could have invested and created employment and at the same time added to our retirement funds. So, there should be a good environment so that people can invest. Regarding role of remittances visit here: here: http://dreamnepal.wordpress.com/?s=remittances Promote what we have. Tourism is one of those. We do not have edge over technical stuff, so we can focus on garments among others. Globalization does help but we need to be careful. Read the section on Globalization, Poverty Reduction, Employment Creation-Lessons From Africa on the same site. Limited government interference on business. We should allow businesses to operate in a free environment. This will boost employment-consumption demand-demand for labor-again employment. This cycle can repeat only if those employing have better expectations. Expectations can rise when there is peace, limited govt.role and so forth. All of these articles are short and found in the following site: visit: http://dreamnepal.wordpress.com
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