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Bajracharya Pushkar

Nepal's Economy in Disarray

Nepal's Economy in Disarray

ISBN: 9788187393764

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Nepal, that has remained independent throughout its history, emerged as the nation state in the eighteenth century after the unification but remained isolated from the rest of the world for most part of the history. The advent of democratic innovation in 1950s' changed the state of governance along with institutionalization of budgeting and the development planning process. Despite some development, the country basically remained in misery, poverty, deprivation and underdevelopment.The change in 1990 raised hope among the people, however, major political forces failed to define development pathway envisioning appropriate policy. The situation was further exacerbated by 10 years long Maoist armed revolution and King's take over in 2002. The second constituent assembly promulgated federal democratic republic Constitution, 2015 however indicating the long overdrawn process that hindered laying a proper foundation for meaningful development. This book is an analysis of socio political and economic transformation in Nepal. The book has meticulously explained the reasons of under development despite of many political transformations with detailed analysis of facts and evidences. It explains where the country has reached in its development journey started in 1950s and relates the values, beliefs and culture developed gradually over its history influencing what is happening today. The book explains how the conservative orientation was institutionalized in Nepal and remains the linchpin in the governance system continuing even during the democratic era hindering reforms. The book brings out the overall growth and the present situation linking it with infrastructure, education, political transformations and policies. It provides an in-depth analysis of agriculture, industry, services and market sectors and their inter linkages. The major problems identified include inconsistency and inadequacy in vision, strategies and policies.
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