 Navigating Nepal’s development trajectory: The road to graduation from the LDC status and beyondGhanshyam Gautam, Saugat Pratap Kc, Bikram Adhikari and Sushil Chandra Baral Local Economy, 2023, vol. 38, issue 8, 721-726 Abstract: Nepal’s imminent graduation from the Least Developed Country (LDC) status marks a significant milestone in its development trajectory, highlighting substantial progress in economic, social, and human development indicators. This transition necessitates a strategic approach to capitalize on newfound opportunities while mitigating associated challenges. Drawing on insights from socio-economic indicators and economic evolution data, this paper assesses Nepal’s readiness for graduation and outlines key priorities for its post-LDC journey. Emphasizing sustainable development aligned with the Sustainable Development Goals (SDGs), the paper advocates for in-country resource mobilization, system strengthening with a localization focus, human capital development, market access facilitation, resilience building, and promotion of foreign direct investment. By leveraging international support, prioritizing strategic initiatives, and fostering conducive environments for growth and investment, Nepal can navigate the transition effectively and pave the way for inclusive, resilient, and sustainable development. Keywords: economy; Least Developed Country; Nepal; poverty; Sustainable Development Goals (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:sae:loceco:v:38:y:2023:i:8:p:721-726 DOI: 10.1177/02690942241270566 Access Statistics for this article More articles in Local Economy from London South Bank University |
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