Posted by: Eagle5 October 23, 2008
king mahendra
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Naively stupid!

First you need to learn the implication of GDP. GDP does not reflect actual economical development, in fact developed countries has stopped using it as an indicator. They use GNP instead. World bank has developed separate criteria for the developing countries because of this reason. FYI, GDP  was developed after world war by western countries to measure their productivity. Do understand that. It has become redundant indicator. GDP does not consider factors like natural disasters, crime, environmental degradation, wars and ethnic tensions and importantly ECONOMIC DISPARITY. As a matter of fact, if there are more accidents and more people go to hospital, GDP tend to increase because GDP is the value of “total good and serviced produced in a given year”.  - like alnepali said, remittance has contributed in a great deal but what you should understand is how our trade deficit stands. Our trade deficit with India is way to high. At the same time our national debt has gone way to high, and inflation rate as well in a last 10 years has gone way to high.

Let me put some facts here,

1.      During 2046 our national debt was around- 23 arab and within a 10 year time around it went to around 140 arab, with out significant development.

2.      Himal Cement was privatized owing to political conflict and people lost their jobs. Thanks to this it became easy for Indian Brand to capture market.

3.      Bhrikut paper mills privatized, after that, price went up for school copy and poor people are the one who suffered the most.

4.      Bansbari Chala Jutta privatized- production stopped, again poor people are made to suffer.

5.      Sajha Santhan –closed-who suffered the most? Not those who ride in car.

6.      Trolly Bus –collapsed,

7.      Krsishi Samangri Sansthan got privatized- poor farmer suffered a lot and price of one bag of urea went beyond their reach.

What is the price of “dal chamal” now and what it was back then? How about your purchasing capacity?? Has it increased?? –ask yourself. These are the fundamentals of economy. Not to mention, how much (value)infrastructures were destroyed, now country is paying PLA for nothing, add all these to your national debt as well. What does “high national debt” do? If you do not know, it helps price hike and inflation.

I am not fan of any “ism” or “ist” but I like to read facts and I favor the facts. Nor I believe King Mahendra was 100% correct, he did sell climbing right or part of Mount Everest to china, but I guess under those circumstances to protect our sovereignty (against Nehru doctrine) would have been a priority, again I am defending him, but I do not see any other reason why he would such thing? About royalists not paying any bills, well government should take action against them if they are not.

 

 

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