Determinants of the Economic Development in Nepal
Topic: Determinants of the economic development in Nepal
Economics Definition
A social science that studies, how individuals, governments, firms and nations make choices on allocating scarce resources to satisfy their unlimited wants. Economics can generally be broken down into: macroeconomics, which concentrates on the behavior of the aggregate economy; and microeconomics, which focuses on individual consumers.
Developing countries / Lower developing countries
A developing country, also called a lower-developed country (LDC) is a nation with a low living standard, undeveloped industrial base, and low Human Development Index (HDI) relative to other countries
Countries with more advanced economies than other developing nations, but without the signs of a developed country, are categorized under the term newly industrialized countries
Introduction to Nepal
COUNTRY DESCRIPTION: Nepal is a developing country with extensive tourist facilities, which vary widely in quality and price. The capital is Kathmandu. Nepal ended a ten-year Maoist insurgency in November 2006 and established an interim government in January 2007. Since that time, the major political parties have been unable to come to an agreement on a new constitution. This stalemate has created an environment of political uncertainty, however a caretaker government is in place and the major political parties continue to negotiate to resolve this constitutional crisis. Read the Department of State Fact Sheet on Nepal for additional information.
Nepal, home to Mount Everest, is dominated by the world's most imposing mountains. Although the country is relatively small (147,181 square kilometers), 80 percent of its territory is occupied by the dramatic peaks of the Himalayas. Nepal was closed to foreign visitors until 1951, a situation which contributed greatly to its mystique in the west. This small, hospitable country has since become an exceptionally popular destination for travelers, whether they are
Economics Definition
A social science that studies, how individuals, governments, firms and nations make choices on allocating scarce resources to satisfy their unlimited wants. Economics can generally be broken down into: macroeconomics, which concentrates on the behavior of the aggregate economy; and microeconomics, which focuses on individual consumers.
Developing countries / Lower developing countries
A developing country, also called a lower-developed country (LDC) is a nation with a low living standard, undeveloped industrial base, and low Human Development Index (HDI) relative to other countries
Countries with more advanced economies than other developing nations, but without the signs of a developed country, are categorized under the term newly industrialized countries
Introduction to Nepal
COUNTRY DESCRIPTION: Nepal is a developing country with extensive tourist facilities, which vary widely in quality and price. The capital is Kathmandu. Nepal ended a ten-year Maoist insurgency in November 2006 and established an interim government in January 2007. Since that time, the major political parties have been unable to come to an agreement on a new constitution. This stalemate has created an environment of political uncertainty, however a caretaker government is in place and the major political parties continue to negotiate to resolve this constitutional crisis. Read the Department of State Fact Sheet on Nepal for additional information.
Nepal, home to Mount Everest, is dominated by the world's most imposing mountains. Although the country is relatively small (147,181 square kilometers), 80 percent of its territory is occupied by the dramatic peaks of the Himalayas. Nepal was closed to foreign visitors until 1951, a situation which contributed greatly to its mystique in the west. This small, hospitable country has since become an exceptionally popular destination for travelers, whether they are