Posted by: JavaBeans April 13, 2011
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Let's keep it objective and the criticism constructive, please.
The research on this topic is plentiful as countries - prosperous like the US/Australia/Canada/UK to downright poor like Ghana/Sri Lanka have all faced the same quandary before - I will leave the the information gathering up to you.
There is an inherent indirect relationship between a foreign corporation and an ex-pat. There are many reasons why foreign corporations hesitate to invest in emerging markets other than pure economics, for example their lack of knowledge of the local market or culture - both of which could curtail their chances of success. An ex-pat can bridge this gap. Leaving nepal's political mess aside, this gap has been one of the most critical deciding factor for foreign firms as they cannot find local talent with skills and values in par that of a truly global firm.
Let's work through an example - let's say Ms. X, an ex-pat, has product knowledge in the area of insurance and works for a big insurance company in middle management. In order to attract investments from foreign insurance companies nepal should start developing programs to initially lure Ms. X to work/invest/start a business in nepal. The insurance knowledge and experience gained by Ms. X can help build insurance foundations, create committees, stewardship and so on - we should think of the *value* it will create for her firm and nepal's insurance business. If the firm is successful then others will follow - perhaps there is Mr. Y, another ex-pat, working in the same industry in another country and may step up to run the local office of a foreign insurance company interested in opening a branch in ktm. Examples like these are very common in emerging markets where a knowledgeable and skilled ex-pat goes back to seek opportunities in their home countries. This sort of trend hasn't happened in nepal in big volume yet because ex-pats aren't free to roam nepal when they please - in other words, they aren't likely to forgo the luxuries of foreign living just so that they can be treated as non-citizens when they are in nepal - and it is highly unlikely that they will stay longer than they have to. Ex-pats will never fall for the act of patriotism - for them the benefits have to outweight the cost. The incentive and the attractiveness of having these ex-pats coming back to nepal has to be the priority for the politicians - and the way to do it is through dual citizenship - nepal has nothing to lose.
Markets world over has been developed or developing because ex-pats go back and teach/work/mentor/build/innovate on areas they have mastered - south korea, singapore, taiwan, india, etc. are a few of the countries with such histories. To me it is very clear that it is the politicians who don't see eye-to-eye. All they are after is the fees which they will lose if ex-pats are given dual citizenship - its not only the published fees they are after but all the bribery they get on top of it. Nothing more, really.
The research on this topic is plentiful as countries - prosperous like the US/Australia/Canada/UK to downright poor like Ghana/Sri Lanka have all faced the same quandary before - I will leave the the information gathering up to you.
There is an inherent indirect relationship between a foreign corporation and an ex-pat. There are many reasons why foreign corporations hesitate to invest in emerging markets other than pure economics, for example their lack of knowledge of the local market or culture - both of which could curtail their chances of success. An ex-pat can bridge this gap. Leaving nepal's political mess aside, this gap has been one of the most critical deciding factor for foreign firms as they cannot find local talent with skills and values in par that of a truly global firm.
Let's work through an example - let's say Ms. X, an ex-pat, has product knowledge in the area of insurance and works for a big insurance company in middle management. In order to attract investments from foreign insurance companies nepal should start developing programs to initially lure Ms. X to work/invest/start a business in nepal. The insurance knowledge and experience gained by Ms. X can help build insurance foundations, create committees, stewardship and so on - we should think of the *value* it will create for her firm and nepal's insurance business. If the firm is successful then others will follow - perhaps there is Mr. Y, another ex-pat, working in the same industry in another country and may step up to run the local office of a foreign insurance company interested in opening a branch in ktm. Examples like these are very common in emerging markets where a knowledgeable and skilled ex-pat goes back to seek opportunities in their home countries. This sort of trend hasn't happened in nepal in big volume yet because ex-pats aren't free to roam nepal when they please - in other words, they aren't likely to forgo the luxuries of foreign living just so that they can be treated as non-citizens when they are in nepal - and it is highly unlikely that they will stay longer than they have to. Ex-pats will never fall for the act of patriotism - for them the benefits have to outweight the cost. The incentive and the attractiveness of having these ex-pats coming back to nepal has to be the priority for the politicians - and the way to do it is through dual citizenship - nepal has nothing to lose.
Markets world over has been developed or developing because ex-pats go back and teach/work/mentor/build/innovate on areas they have mastered - south korea, singapore, taiwan, india, etc. are a few of the countries with such histories. To me it is very clear that it is the politicians who don't see eye-to-eye. All they are after is the fees which they will lose if ex-pats are given dual citizenship - its not only the published fees they are after but all the bribery they get on top of it. Nothing more, really.