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Constitution, institutions and models for economic growth in Nepal

Bhattarai, Keshab

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Abstract

Nepal made significant progress in removing monarchy and terrors of Maoists in the last decade. It however lacks a stable solution of speedier economic growth and development as the major political parties were not able to promulgate a constitution by Jan. 22, 2015 from the Constitution Assembly of Nepal (CAN-II ) that was reelected on November 19, 2013 after the demise of CAN-I on May 28, 2012. The multiparty structure that evolved in Nepal after 2006 revolution has not been able to focus on broader objectives of national development, alleviation of poverty and speedier economic growth and design of programmes suitable to multi-ethnic, multi-climatic and multi-cultural and multi-linguistic inclusive frameworks. The constitution should be promulgated with public consulation and consensus amog political paries as soon as possible. Political parties should have a dynamic model model for the well decentralised economy to update their beliefs on how to transform themselves to enhance the wellbeing of all people in Nepal.

Peer Reviewed Not Peer Reviewed
Institution Citation Bhattarai, K. Constitution, institutions and models for economic growth in Nepal
Keywords Economic growth, Nepal

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