Posted by: JagaltayBhoot September 16, 2004
Fighting Globalization in Nepal?
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My personal disposition towards globalization Whether we can benefit by free trade ultimately depends upon how well we deal with competition. Are we up to it? Proper environemtn for manufacturing, quality-control mechanism are some of the things badly requiring to be enhanced. Otherwise, cheap foreign imports would flood nepal, to the excitement of consumers, but severely weakening the economy. On sectors like tourism and garment, where we have been offering low-price products, we could do well provided that good quality is maintained. Similarly, other products like vanaspati ghee, can be expected to do well given that it was doing extremely well once before India introduced Special Addition Tax. In other manufacturing front, Nepal is bound to take a rather harsh beating from international products, including Indian and chinese goods. Things look rather bleak at the moment but it is worth a try given that there is lot of improvement in almost every sector. Who knows we may learn to survive in this tough experiment and make ourselves more competitive.
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