Saturday, December 02, 2006

Education and privatization in Nepal:

Education is fundamental in attracting foreign investment, particularly in the regions of the country where we do not always have enough people with the necessary skills in Nepal.
Equal opportunities from the beginning should be one slogan, and education is the main issue here. We need to move from where we are now—with everyone guaranteed an education under the constitution—to the point where everybody gets an education of excellent quality. This is not just a matter of social justice; education is a vital economic agent. We have a particular problem in
Nepal because of the shortage of people with technical qualifications: in most countries the ratio is ten technical graduates for each professional. Here things are the other way round.
Privatization is all about execution and creating value at the end of the day; you can have good ones like British Airways and bad ones like the railways in
Britain. Privatization for privatization’s sake is not wise. In turn, the government in Nepal should focus much more on its role as a regulator to create a favourable business environment.