Nepal's Advantage

Nepal’s comparative advantage lies in its rich and renewable resources (including arts and crafts) and its proximity to two economic giants India and China. The advantages could be used to create an entrepreneurial culture and to develop local entrepreneurship among unemployed youth, women, ethnic minorities and socially deprived especially in the rural areas of Nepal. There is tremendous scope and opportunities to grow such resources at all levels, from harvesting to enterprise development.

Nepal is a blooming ground for many types diverse natural resource because of its geographic and climatic diversity. From the hot Tropics of the Terai to the Tundra of the Himalayas Nepal houses varieties of flora and fauna and different minerals that can be economically exploited. But the bitter truth is the fact that Nepal is unable to exploit its resources in a beneficial way. We are today exporting raw materials and importing the goods made from the same materials.

This is also true in case of Human Resources. Nepal is a common garden of 4 castes and 36 sub-castes and there is a wide variety of ethnic and indigenous skills. We can say that each sub-caste has its own indigenous skill. But instead of using their skills and crafts inside the country people tend to go abroad to use their skills.

Nepal can be a very prestigious country if the resources were to be properly utilized, processed inside the country to upgrade its value and exploitation of the markets of neighbouring Economic giants India and China. For this purpose, the best way in my vision is the promotion of Entrepreneurial Culture through Small and Medium Enterprises and giving them expansion options to a higher place in the value chain.