A mixed economic philosophy, which allows the public and private sectors to flourish in sectors where they do best, will be best suited to Nepal. The state alone cannot transform the economy. If it could, China and Vietnam would not have done everything to promote domestic and foreign private investment. As for the growth model, there are several of them, but let me mention two of them: Balanced
CONTENT ANALYSIS Nepal is among least developed countries in the world and was listed as the poorest among the 121 countries in 1989. Various factors contributed to the economic underdevelopment including terrain, lack of resource endowment, landlocked position, lack of institutions for modernization, weak infrastructure, and the lack of policies conducive to development. With about one-quarter of its population living below the poverty line. Nepal is heavily dependent on remittances
Many of the earthquake affected NRCS district chapters have expensive vehicles that do not even match the infrastructure level of those rural areas and can hardly be described as useful or working. Presently, Nepal Red Cross owns more than 100 ambulances and about 70 lavish vehicles. National and international tour The root of the problem is that NRCS is not following any guidelines on personnel and financial administration. There is no transparency and accountability
India has seen much higher development in recent years despite corruption as opposed to earliest years post-independence under a more honest government. How could this be? Corruption drastically affects the economy of any country and hinders in its achievements of developmental goals. Many studies have confirmed that the more the corruption the slower is the economic growth. Corruption leads to various imbalances and inefficiencies within a system affecting the utilization of resources, markets
MARKET-ORIENTED REFORMS IN PUBLIC SECTOR: A CASE STUDY OF LAHORE DEVELOPMENT AUTHORITY BACKGROUND New Public Management (NPM), a public sector reforms started from 1980’s onwards. It is formally conceptualized by Hood in 1991. United Kingdom claims to have been its birthplace; many papers and researches providing evidences from UK. These NPM reforms are widespread and the Anglo-American countries and International organizations are among its strong advocates. In many developing countries including