Posted by: DWI August 26, 2004
What Nepal Needs?
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Lets tackle the issue one by one: 1. Economical Stability This cannot be achieved without an atmosphere of political stability. Assuming that the latter is achieved, Nepal can do number of things following other nation's protocol. Employment rate has to go up and more job creating projects should be started. Why were big stone hedges, pyramid and other structures erected? One good political reason is when the citizens are occupied in some tasks, less probability of chaos exists. Economy strenghthens and Nation creates a positive differential in exports. When US was going through depression, Hershey's founder engaged his employees into creating the Hershey's village (PA), paying them adequate but highly negotiated salaries. How can Nepal engage her citizens in such productive assignments? One quick solution is military. Increase the UN Quota for Nepalese Army UN would be more than happy to have more force from such underdeveloped countries. Our country will have reserve of well trained armies and do not have to pay a dime for it, instead will make money by incoming funds. Better solution, ofcourse is by industrialization, a tougher course for a landlocked county. However, achievable. Software Industry still has potential and Garment Industry sure can profit with renegotiated quotas with Nafta countries and Europe. Energy production (Hydroelectircity) is going to be very important as the oil reserve of the world keeps on going down or getting expensive. Nepal can certainly explore these facets. Good thing, Nepal has already started these projects, however a good political environment needs to be created for foreign investment to funnel finances. Nepal is in a key place, being in between the potential super power of the world, China and India. Signing a favorable accord will help us prosper from the free trade between these countries. For all these to happen Political stability is necessary. That is the tougher part. More thoughts to follow. Please opine.
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