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Critical Constraints to Economic Growth of Nepal: Analysis & Recommendations on 5 Sectors

Critical Constraints to Economic Growth of Nepal

This book takes the form of a compendium where ten articles appraising the situation of five key sectors of Nepalese economy (agriculture, education, hydro power, transport infrastructure and tourism) also highlight key challenges in each sector and provide recommendations for reform. Renowned experts from the selected sectors such as Mr. Bharat Prasad Upadhyay, Dr. Bidya Nath Koirala, Dr. Bhola Nath Chalise, Mr. Birendra Bahadur Deoja and Mr. Sunil Sharma have contributed to the articles in the book. The book is expected to be useful for policymakers, students, journalists and other groups.

Though the five sectors are quite different by nature, a number of common challenges threaten their functioning. The lack of business friendly environment within the sectors makes it difficult to run a business due to frequent bandhs, labor issues and political interference. The private sector is generally not encouraged to get involved, as licenses, financial constraints, distorting subsidies etc. work in a discouraging manner. Policies are often unstable and hindering investors to invest and policies that are designed to facilitate the investor are often not implemented. Moreover, non-competitive practices are increasingly being applied, e.g. by government monopolies and syndicates.” – An excerpt 

 

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