Opinion | The paradox of Nepal’s democratic success
Summary
Nepal ranks high in democratic measures like rule of law and press freedom, yet struggles with low economic growth and GDP per capita. The article suggests shifting focus from redistributing limited resources to investing in sectors like hydropower, tourism, medical tourism, and IT to foster economic prosperity within Nepal.
Key Points
- Nepal ranks first in South Asia for rule of law and has improved press freedom since 2014.
- Despite democratic progress, Nepal struggles economically, ranking 101st in GDP and 164th in GDP per capita.
- Nepal's politics has focused more on dividing limited economic resources rather than growing the economy.
- The article advocates for a technocratic growth strategy focusing on sectors such as hydropower, tourism, medical tourism, and IT to boost economic prosperity.
