Today, In Nepal illiteracy is reducing only at the rate of 1.3 percent per annuam. At this rate, Nepal will need another 50 years to attain a literacy rate of 95 percent. Hopefully, Development in India and China's technologies can speed up in this progress in Nepal. Science too has its role to play. We cannot be industrially and economically advanced and we cannot be technologically advanced unless we are scientifically advanced. One of the critical issues facing Nepal is the gulf between the academic world and industry. The notion that scientific ideas lead to technology and from there to wealth is not widespread. Nepal needs economic liberalisation and competition between Nepalese companies which is being tamed, so they are under no pressure to come up with new ideas, nor did academics promote their ideas to industry.
Today, In real life most of the people are leaving country because of Nepal’s political instability and lack of opportunity for employment and government’s future policy. People are going for employment at India, Arab countries and western countries. Some of them are attempting to gain illegal passage to developed countries like European countries, USA and Australia by holding false passport and documents. Most of the people in Nepal dream of being overseas so that they are watching foreign channel rather Nepal TV, are also the main source of aspiring to be somewhere else for better future and employment. The fact that so many Nepalese dream of leaving significantly threatens Nepal's economic development, social well-being, and political stability. Every year Nepal loses two to three percent of its GNP to brain drain. Every year Nepal loses between 1,000 and 2,000 professors, doctors, and engineers annually. This loss means fewer well-educated, ambitious citizens who could help lead our country. However there is an irony here, for if through immigration Nepal loses capital in some forms, it gains it through the money its immigrants send back to their families.
Rich country like United Kingdom wants migrants' labour, but do not want to look after these newcomers when they grow old. Ideally, rich countries would like a constant rotation of workers, arriving while they are young and active, leaving before they grow old and dependent. For its part, the commission argues that “temporary and circular migration” is also better for poor country like Nepal. One reason is remittances: the longer an immigrant stays away from home, the smaller the share of his wages he sends back.
Nepali households invest more than half of their savings in physical ones such as land, houses, cattle, and gold instead of putting money into financial assets. In rural areas, the proportion is even higher. This fact shows that Nepal's people mistrust of banks and are the world's largest consumers of gold. They possess billion of dollars, equal to nearly half of the country's bank deposits, and last year bought $1 billion worth, nearly five times the amount of the foreign direct investment which Nepal received. Households could earn higher returns by investing in financial assets, and the country would be better off if savings were pooled to finance more productive investments.
This dilemma may help explain why the Nepalese government can seem unsure about its policy. There is war between three parties government, political parties and Communist follower “Moist”. If we ask about the current situation to them, they give a very simple answer without taking any responsibility that we don’t have a lot of resources like India and China. Now, our greatest resource and valuable export is our human potential. We Nepalese have been working in India and United Kingdom’s defence since more than century as Gorkha Army and now it has become a tradition to become Lahure (Army) in those countries.
When we talk about civilisations, there is always rise and fall. One thing prominently comes to light that is the cycle of growth and demise is similar to the law of Diminishing returns. When a civilisation is in the establishing mode then there would need to create newer standards which are epochal. This accelerates the creative spirit of the surrounding environment and the fervent desire to contribute to the growth drives this creative spirit. However once certain exceptional standards are achieved which one may look back upon as catalytic to the growth of the society. The collective psyche tends to stagnate and basking in the glory of its achievements.
Today, In real life most of the people are leaving country because of Nepal’s political instability and lack of opportunity for employment and government’s future policy. People are going for employment at India, Arab countries and western countries. Some of them are attempting to gain illegal passage to developed countries like European countries, USA and Australia by holding false passport and documents. Most of the people in Nepal dream of being overseas so that they are watching foreign channel rather Nepal TV, are also the main source of aspiring to be somewhere else for better future and employment. The fact that so many Nepalese dream of leaving significantly threatens Nepal's economic development, social well-being, and political stability. Every year Nepal loses two to three percent of its GNP to brain drain. Every year Nepal loses between 1,000 and 2,000 professors, doctors, and engineers annually. This loss means fewer well-educated, ambitious citizens who could help lead our country. However there is an irony here, for if through immigration Nepal loses capital in some forms, it gains it through the money its immigrants send back to their families.
Rich country like United Kingdom wants migrants' labour, but do not want to look after these newcomers when they grow old. Ideally, rich countries would like a constant rotation of workers, arriving while they are young and active, leaving before they grow old and dependent. For its part, the commission argues that “temporary and circular migration” is also better for poor country like Nepal. One reason is remittances: the longer an immigrant stays away from home, the smaller the share of his wages he sends back.
Nepali households invest more than half of their savings in physical ones such as land, houses, cattle, and gold instead of putting money into financial assets. In rural areas, the proportion is even higher. This fact shows that Nepal's people mistrust of banks and are the world's largest consumers of gold. They possess billion of dollars, equal to nearly half of the country's bank deposits, and last year bought $1 billion worth, nearly five times the amount of the foreign direct investment which Nepal received. Households could earn higher returns by investing in financial assets, and the country would be better off if savings were pooled to finance more productive investments.
This dilemma may help explain why the Nepalese government can seem unsure about its policy. There is war between three parties government, political parties and Communist follower “Moist”. If we ask about the current situation to them, they give a very simple answer without taking any responsibility that we don’t have a lot of resources like India and China. Now, our greatest resource and valuable export is our human potential. We Nepalese have been working in India and United Kingdom’s defence since more than century as Gorkha Army and now it has become a tradition to become Lahure (Army) in those countries.
When we talk about civilisations, there is always rise and fall. One thing prominently comes to light that is the cycle of growth and demise is similar to the law of Diminishing returns. When a civilisation is in the establishing mode then there would need to create newer standards which are epochal. This accelerates the creative spirit of the surrounding environment and the fervent desire to contribute to the growth drives this creative spirit. However once certain exceptional standards are achieved which one may look back upon as catalytic to the growth of the society. The collective psyche tends to stagnate and basking in the glory of its achievements.
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