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Showing posts from August 30, 2020

International Trade Issues and Strategy of Nepal in South Asian Region

                                                    1.   Strategic Outlook on South Asia v Inter-regional trade accounts less 5% of overall trade with in south Asia Region. v Recent World Bank studies shows that if you actually look at the economic complementary and geographical proximity (nearness) of the south Asian countries, they should be trading 3 times more what is the case.    v South Asia countries are trading with more outside the south Asia compared to with   won neighbors   v If fact India, Pakistan, Nepal and Srilanka have 2.9 times more restriction on trade on the south Asian Partners compared with rest of the world. These are the numbers shows that even though we have SAFTA, but still physical barrier exist and barriers of connectivity and also digital connectivity for potential digital economy and how small developing countries and isolated countries can leave frog if they were digitally connected.   2. Review of Nepal Situation ¨   Nepal is policy r

Privatization and Economic Performance

  1. Introduction ¨   Privatization involves selling state-owned assets to the private sector. It is argued the private sector tends to run a business more efficiently because of the profit motive. However, critics argue private firms can exploit their monopoly power and ignore wider social costs. ¨   Privatization is often achieved through listing the new private company on the stock market. In the 1980s and 1990s, the UK privatized many previously state-owned industries such as BP, BT, British Airways, electricity companies, gas companies and rail network ¨   Privatization of public enterprises have been very much in the agenda of economic liberalization in contemporary world specially in developing and countries in transition. ¨   Different modalities of privatization with lofty goals such as enhancing productive efficiency , allocative efficiency and to rescue governments from budgetary burdens. ¨   Upon the evaluation of private and public undertaking in Nepal it wa

Public Private Partnership (PPP) Model of Development in Nepal

1. Background ¨   Development of essential public infrastructure and services (including roads, bridges, airports, modern means of communication, drinking water, irrigation, electricity, railways, cable car, ropeways ) is imperative for achieving sustainable economic growth of the country.  ¨   The means and resources allocated from national treasury fall short of what is required for the construction and operation of infrastructure services. ¨   It is desirable to make assets of public utility and operation of public services less costly, effective and reliable. ¨   For this the means, resources, skills and technology available with the private sector must be attracted towards development works of the nation based on the concept of Public Private Partnership (PPP). ¨   It is believed that the contribution of infrastructure services built on this model is crucial and effective for providing momentum to economic development and ¨    Strengthening national economy and mak