Can we Ignite Nepal's Latent Fortunes?
After decades of political experimentation, Nepal is finally at the cusp of a potential growth take-off. If it can swiftly settle simmering grievances over the new republican constitution issued in 2015, it could use a period of relative stability to project a clear roadmap to prosperity. What shall be its long-term sources of economic growth? How can it better exploit its advantages in clean energy, agriculture and tourism to emerge as a vibrant “zero-carbon” economy by mid-century? How can it ride the boom of its giant neighbors, China and India? Will it leverage, and eventually wean off high remittances? How can it augment its prowess in modern tradable services? Read more
Black Carbon and Climate Change in South Asia
A changing climate greatly affects Nepal and the rest of South Asia. Changing precipitation patterns affect drinking water supplies and agricultural production. We have already seen our vulnerability to this during the past year’s unusual rainfall patterns. Read more
Contextualizing the Political Economy of Nepal’s Borders for Economic Development
This note pledges for an alternative reading of borders while drawing on the anthropological readings on boundaries and nation. Borders may be political constructs, representing nation states’ frontiers of contiguous territorial power but at times they also become the vehicles through which national economies are constructed. Read more
Redefining Development in Nepal
A recurrent question that arises in the discourse on development in Nepal is whether we are at the stage of ‘too many cooks spoil the broth’, wherein we lack much needed leadership, vision and strategy to achieve the desired outcomes. The best way to find answers to such a question will be to evaluate the current state of affairs in this field, going by the proverb that ‘proof of the pudding is in the eating’. Read more
Nepal 2030: A Middle Income Developing Country
Largely perceived to be a developing nation, Nepal endeavors to attain certain growth benchmarks in the next 15 years or so. In this light, the present circumstances however project contrasting elements of growth, exhibiting major disparities. Looking at the last 10 - 15 years, Nepal’s overall economic growth rate hovers around an average of 4%. Of late, this growth has faltered further, with estimates of rates as low as 0.77%, owing to economic shocks initially due to the earthquake and later by the supply chain disruption resulting from political agitations and blockade. This economic downturn has compounded on the already high disparity across various facets as well as incidence of poverty. Read more
Nepal's Political Economy: Vision 2030
With a new Constitution that embraces inclusive, pluralistic democracy, and a mixed market economy with egalitarian and socialistic aspirations, Nepal seems ready to embark on a path of rapid economic development. There is a chorus of political leaders saying our multiple political revolutions are now finally over and the time has come to focus on an economic revolution. Read more