Essay about Nepal : Developing Country With An Agricultural Economy

Essay about Nepal : Developing Country With An Agricultural Economy

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Nepal is a landlocked country located in south Asia between China and India. Nepal is a developing country with an agricultural economy. In recent years, the nation’s effort to expand into technological and manufacturing sector have achieved progress. Farming is the key economic activity followed by trade, manufacturing and tourism. The major source of foreign currency earning is export, remittance, service and tourism.
Merriam Webster dictionary defines business as: The activity of making, buying, or selling goods or providing services in exchange for money; work that is part of a job; the amount of activity that is done by a store, company, factory, etc.
Although Nepal is rich in natural resources, it is not an ‘easy to do business’ country, at least according to various world standards, due to the landlocked geographical location, continuing power shortage and bad transportation infrastructure. The essay will outline the difficulties facing companies while doing business activity in Nepal and the problems that arise from political instability, lack of capital, small market and lack of proper infrastructure. These mainly focus on Nepalese business environment. It will then move on to look at solutions to these problems.
Economic growth and political stability are deeply interconnected. Political instability affects Nepalese business environment because it increases policy uncertainty, which has negative effects on productive economic decisions such as investment and saving. Politically unstable events such as politically motivated killings, general strikes, crimes, donations, demonstrations, raids and other unsocial activities directly affect the business environment of Nepal.
On the one hand, the uncertainty associated with ...


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... to economic development of the nations.
In conclusion, this essay has highlighted the four major problems encountered by business firm while operating business activity in Nepal, these are: political instability, shortage of capital, small market area and lack of proper infrastructure. This are the huge problems in Nepalese business environment. Doing business in Nepal is challenging, have to face several problems and obstacles and the recommendations for all Nepalese business firm is to work mutually with political parties, government to formulate adequate rules and regulation required for sustainable business growth. If the proper planning is carried out to resolve these problems by concerned authority including government, political parties, business organization and other personal. Nepalese business will grow and thus add great contribution on Nepalese economy.

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