From K-pop’s cultural phenomenon to Taylor Swift’s economic impact, these are some examples of how soft power drives economic growth and enhances global standing.
This time, the government’s flagship event aims to target not only foreign investors but also domestic investors and non-resident Nepalis (NRNs). The NRN association has begun disseminating the NRN card entitling NRNs to various investment incentives. Additionally, 11 laws are slated for amendment to address project implementation challenges. The long-awaited legislative changes in Nepal’s FDI and investment policies were accelerated to fit the summit’s timeline.
Remittance inflows play a vital role in raising the living standards of the recipient families and reducing the aggregate poverty in Nepal. Remittance received by the targeted households could contribute to reduction in poverty especially in rural areas.
The government entities are actively promoting sustainable transportation practices exemplified by the Nepal Electricity Authority (NEA) and the Nepal Tourism Board, committing to exclusively use EVs for transportation to encourage the public. NEA’s ambitious target of 100% electrification by 2024, aligns with Sustainable Development Goals (SDGs) and is also facilitating an EV-friendly ecosystem and widespread EV adoption.
Sustainable trade practices encompass various strategies and plans to promote economic growth while preserving environmental integrity and social equity. These practices are particularly relevant for LDCs, as they address the unique challenges these countries face.
Without its migrant workers, where would Nepal be? This research article reexamines Nepal’s development story through the lens of international migration and makes a compelling case for Nepali migrants voting with their feet to escape poverty.