Thirty million voices, one message: fix government!
Summary
Nepal faces economic stagnation caused by institutional decay and political patronage, with urgent calls for good governance, reduced rent-seeking, and internal democracy within political parties to rejuvenate growth and stability.
Key Points
- Economic stagnation in Nepal results from institutional decay and self-serving political practices.
- Inefficient bureaucracy and rampant rent-seeking hinder productive investment and capital spending.
- Political instability and reliance on remittances have contributed to economic stagnation and youth outmigration.
- Emerging political leadership seeks to reform intra-party democracy to restore institutional integrity and good governance.
