problems of nepalese economy

Economics of Nepal: Class note on Poverty Alleviation and Employment (Eco: 539: MA 2nd year) Chakra Khadka, Department of Economics, Patan Multiple Campus.

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EFFORT TOWARDS POVERTY ALLEVIATION

Nepal faces a severe problem of economic stagnation. Difficult topography and the difficult natural environment are obstacles to development. The country has a high rate of population growth, extremely low agricultural productivity, and weak agricultural support. Natural resources,

except water, are almost nonexistent, or their degree of exploitation is low. Rural economic activity, also at a very low level, is not changing. Some of the factors responsible for economic

stagnation are beyond Nepal's control. The initial period of Nepal's planned development had infrastructure and institution-building as major objectives. Investments to establish the basic

infrastructure is not fully reflected in growth terms. However, that policy can influence economic growth in many ways, and the task is to exploit as many as possible of these policies for the economic well-being of the Nepalese. (Sharma, Asian Survey, Vol. 26, No. 8, Aug., 1986), pp.

897-908.

Poverty measurement and analysis, inequality which kills social welfare, Monitoring and

evaluation, development targets and costs, strengthening statistical systems, public spending,

participation, governance, community-driven development, gender, environment, macroeconomic issues , trade policy, rural poverty, urban poverty, Social protection, health, nutrition and population, education, energy, transport, Water and sanitation, information and

communication technology, utilization of mining is the other sides problems Nepalese economy (A sourcebook for poverty reduction strategies, World Bank, 2005).

But, our country is experiencing a type of republic banana. Out of them principally there are

three central problems in Nepalese economy which dominated national economy and they are the fundamental challenges for economic development:

1. Poverty 2. Inequality

3. Unemployment

Poverty

Subjective Measures of Poverty Subjective perceptions can be used to measure poverty. Such measures of poverty are based on

questions to households about (a) their perceived situation, such as, Do you have enough? Do you consider your income to be very low, rather low, sufficient, rather high, or high? (b) A

judgment about minimum standards and needs, such as, What is the minimum amount necessary for a family of two adults and three children to get by? or What is the minimum necessary for

your family? or (c) poverty rankings in the community, such as Which groups are most vulnerable in the village? On the basis of the answers to these questions, poverty lines can be derived.

Answers to the second group of questions could provide a line for different types of reference households, and answers to the first group of questions can be compared with actual income to infer the income level that households judge to be sufficient. This income level could then be used

as the poverty line. Subjective measures can be used not only to assess the situation of a


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particular household but also to set or inform the choice of poverty lines, equivalence scales, economies of scale, and regional cost-of-living differences. It can also be useful to compare

subjective and self-reported measures of well-being to objective measures based on observed income and consumption data. Self-reported measures have important limitations, however. Subjective measures might reproduce existing discrimination or exclusion patterns if these patterns

are perceived as normal in the society. This might be the case in discrimination against girls or other particular groups in society. Subjective assessments could then fail to capture discrimination,

which should be addressed by public policy. More generally, the observed perceptions of poverty need not provide a good basis to establish priority public actions. This may be the case if

policymakers have a different time horizon or a different understanding of the determinants of social welfare from the population providing the subjective measures of poverty.

Methods of Setting Absolute Poverty Lines

Different methods have been used in the literature to define absolute poverty lines (see Deaton 1997; Ravallion and Bidani 1994; Ravallion 1994; and Wodon 1997a). The choice of method

can greatly affect poverty measures and who is considered poor. It is important to derive poverty lines that provide consistency in welfare measurement in space and time: two people with the

same real consumption should be considered either poor or nonpoor. As discussed in Ravallion and Bidani (1994) and Wodon (1997a), the food-energy intake method defines the poverty line by finding the consumption expenditures or income level at which a persons typical food energy

intake is just sufficient to meet a predetermined food-energy requirement. If applied to different regions within the same country, the underlying food consumption pattern of the population group

consuming only the necessary nutrient amounts will vary. This method can thus yield differentials in poverty lines in excess of the cost-of-living differential facing the poor. An alternative is the cost

of basic needs method, where an explicit bundle of foods typically consumed by the poor is first valued at local prices. Ordinal ranking of welfare crucial for the poverty profile is more

important than cardinal ranking, with one household above and another below the line. For comparisons over time, however, the stability and consistency of the poverty line need to be ensured.

The linkage (nexus) of production relation of poverty: Production is conducted within a network of discursive and non discursive relations technical, social,

ecological cultural, political and academic whose understanding is distorted by subject specific views of reductionist science.


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Figure1: The linkage (nexus) of production relation of poverty

Poverty: the experience of many poor countries special reference to Nepal

The "Join the Club" view: This view argues that poor economic policies, for example, infrastructure is poor, education is inadequate:

Poor product quality: Quality improvement clearly affects economic well-being as much as does the quantity of goods.

Composition and distribution of output: A more unequal distribution which appears to be occurring would have reverse effect.

Per capita output: population is also growing rapidly per person standard of living may be constant or even declining.

National income and the environment: Dirty air and water toxic waste, noise accompany production and the growth of GDP. The underground economy: Engage in illegal activities,

corruption is rampant, (Parliament, regulator, legislator: [Linguistic corruption, [change in meaning to a language: Parmanda Jha], social, cultural, knowledge [human capital],

foreign aid, foreign loan, social capital, trade and market [cartel], Institutional corruption,

Academic

Ecological

Cultural

Technical

Political

Social

BIOGENIC DIET

HEALTH CARE

END-USE APPROPRIATE ENERGY

CLOTH AND HOUSING

FUNCTIONAL LITERACY


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[policies within an organization that break the law], Data corruption, [change to data in storage], Putrefaction [decomposition]).

Political corruption, as the dysfunction of a political system or institution in which government officials, political officials or employees seek illegitimate personal gain

through actions such as bribery, extortion, cronyism, nepotism, patronage, graft, and embezzlement.

Basic environmental pollution: such as urban air pollution, media pollution, private information talent management regulation or brain management, innovation and technical change. Theoretical economic incentives are assumed to promote more innovation and cost

reductions in pollution control, relative command and control. The magnitude of this effect is an empirical question.

Corrupted forget moral principle and is a evil, malignance, sickness, of the economy which loss of innocence or purity.

The "Missed the Boat" view: This view accepts the argument of the "Join the Club" views that, the

market failure argument: In efficiency or absence of well organized commodity. Factor and capital markets is said to reduce considerably the ability to economic system to function effectively without some form of external interference.

Commodity and factor markets are poorly organized Absence of well organized commodity Producers and consumers lack of necessary information; to act in a way conducive to

efficient production and distribution

Poorly developed in financial institutions The market is too said lead to a misallocation of present and future resources The resource mobilization and allocation argument: investment project must be chosen not

only on the basis of a partial productivity analysis dictated by individual industrial output ratios, but rather in the context of external economies, indirect repercussions and long term

objectives.

The third world economies cannot afford to waste their limited financial and skilled manpower resources on unproductive ventures.

Change their original religion: Hindu to christen. Utilization of unskilled manpower. It is argued that competitive markets will tend to generate in to socially low priority areas

and to disregard the extra benefits to be derived from a planned and co-coordinated long term investment program.

The "Geographic Disadvantage" view: This view accepts the arguments of land lock country,

Very large in geographical and populated neighbors China and India and an opposite ideology. Planning and program can not complete timely because of so many lame excuses.

Planning in Nepal has little to do with anything that happens in that country. Planned targets are

not met. Planned expenditures are not made. insufficient information, few and poor project proposals, inability to program foreign aid, opposition of the finance ministry, and severely limited capacity to administer development-given for the failure of planning. Special attention is


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paid to the tortuous release of funds and the effort to overcome basic political and administrative factors through surface changes in the form of organization for planning.

Definition and Measurement of Poverty

The World Banks 2000 World Development Report defines poverty as an unacceptable deprivation in human wellbeing that can comprise both physiological and social deprivation.

Physiological deprivation involves the non fulfillment of basic material or biological needs, including inadequate nutrition, health, education, and shelter. A person can be considered poor if

he or she is unable to secure the goods and services to meet these basic material needs. The concept of physiological deprivation is thus closely related to, but can extend beyond, low monetary income and consumption levels. Social deprivation widens the concept of deprivation to

include risk, vulnerability, lack of autonomy, powerlessness, and lack of self-respect. Given that different definitions of deprivation often go beyond physiological deprivation and sometimes

give greater weight to social deprivation, local populations (including poor communities) should be engaged in the dialogue that leads to the most appropriate definition of poverty in a country.

George stated: The poverty to which in advancing civilization great masses of men are

condemned ... is a degrading and imbruting slavery, that cramps the higher nature, dulls the finer feelings, and drives men by its pain to acts which the brutes would refuse.

Marshall stated: We scarcely realize how subtle, all-pervading and powerful may be the effect of the work of man's body in dwarfing the growth of the man . . . the poor laborer may live and

die without even realizing what a joy there is in knowledge, or what delight in art; he may never have conceived how glorious a thing it is to be able to think and to feel about things and with

many men. [Henry George, (1898) the Science of Political Economy, p. 125. 3. Henry George, (1879) Progress and Poverty, pp. 298-99.]

Poverty in Nepal Poverty in Nepal is a deeply entrenched and complex phenomenon. About 30.9 percent (World

Development Report 2008) of Nepalese live below the poverty line of US$12 per person/per month. Despite some progress in poverty reduction in recent years and declining rates of urban

poverty, the problem remains widespread and most indicators suggest that it is on the rise.

About four fifths of the working population live in rural areas and depend on subsistence farming for their livelihoods. In these areas household food security and poor nutrition are still major concerns. Most households have little or no access to primary health care, education, clean

drinking water and sanitation services. Rural poor people are generally illiterate, have large families, and are landless or have very small landholdings. Small, fragmented subsistence farming

is a characteristic of Nepalese agriculture, and the average landholding is only 0.8 hectares. Life is a constant struggle for survival. The most vulnerable groups are the lowest social castes,

indigenous peoples and women.

Rural poor people in Nepal include:


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Destitute people, such as sick or disabled persons, abandoned children and displaced persons

Extremely poor people, including illiterate or landless persons or those with very few assets Moderately poor people, such as those who have small farms but are often heavily

indebted People who are nearly poor, including small farmers who are at risk of slipping deeper

into poverty as a result of factors such as conflict, debt and land degradation.

Civil unrest in the highlands Poverty, lack of economic growth, and increasing marginalization has led to political unrest and

violence in the highlands of Nepal. A Maoist rebellion that began in 1996 in the remote hill districts of the Mid-Western region later intensified and spread across large parts of the country.

Many areas fell completely under rebel control. More than 14,000 Nepalese were killed in the conflict and about 600,000 have been internally displaced or made homeless. In addition, more

than 2 million people are believed to have fled to India (Human right publication 2007). Fighting has occurred largely in rural areas, and agriculture has been particularly affected. Many rural

areas have been devastated, remote regions have been kept in isolation, agricultural production has severely declined and business investment has ground to a halt. Overall, the conflict has wreaked havoc on the countrys economic performance. Following a ceasefire in April 2006, steps

have been taken to bring the decade-long conflict to an end, but the process is still in its very early stages.

Why are Nepals rural people poor?

Land ownership in Nepal has traditionally been concentrated in the hands of a few. For most poor

rural families access to land is extremely limited. Almost 70 percent of households have holdings of less than 1 ha and many of them depend on plots that are too small to meet their subsistence requirements. Productivity levels remain low as a result of limited access to new farming

technologies, inputs and extension services.

Because of poor growth in the agricultural sector, living standards in rural areas are deteriorating and poverty is increasing. The growing population has put huge pressure on cultivable land,

especially in the Terai region, which also supports many landless migrants from the hills.

Many factors contribute to chronic poverty in Nepals steep and mountainous areas. The rugged terrain and harsh climate do not generate good crop yields. These areas are also physically isolated, with poor communications and infrastructure and inadequate access to natural resources.

Increasing population pressure has led to unsustainable use of natural resources, including overgrazing and deforestation. And erosion in the uplands causes flooding in the lowlands that

can be devastating to crop yields.


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Who are Nepals rural poor people?

Social discrimination plays a significant role in keeping the most disadvantaged people in rural Nepal poor and marginalized. Excluded groups include smallholder farmers, landless laborers, lower castes, indigenous peoples and women. Discrimination on the grounds of caste is officially

illegal in Nepal but is in fact widespread, especially in rural areas. Members of the lowest caste (dalits, or untouchable) are the most disadvantaged group. Most people in the dalit caste work as

wage laborers for higher-caste farmers.

There is a wide gap between women and men when it comes to access to health, nutrition, education and participation in decision-making. Infant mortality is much higher for girls, and illiteracy is far more common among women than men. Many rural women live in severe poverty,

without any means of improving conditions for themselves and their families. Within households women often have less to eat than men. Insufficient calorie intake can lead to chronic malnutrition

in the infants they feed.

The recent conflict caused the most productive members of households to leave the villages or to take part in the fighting. As a result more and more women have been heading households alone

and taking on the burden of sustaining the rural economy. Women constitute more than 60 per cent of the agricultural labor force but have little access to land, production technology and training.

Poor families are often obliged to send their children to work rather than to school. In this way the

poverty cycle is perpetuated into the next generation. It is estimated that about one quarter of the children in Nepal between four and five years old are engaged in some kind of family or

wage labor.

Where are Nepals rural poor people?

The highest concentration of poor rural people is found in the Mid-Western and Far-Western regions. While the overall poverty rate for Nepal is 31 per cent, this figure increases to 45 per

cent in the Mid-Western region and 41 per cent in the Far-Western region (CBS). In these remote hill and mountain zones the terrain is rugged, rainfall is low and the soil is poor and difficult to farm. Agricultural holdings per household are the smallest in the country, and access to health,

education, roads, telephones, and electricity, water supply and sanitation services is very limited. The conflict has exacerbated the extreme isolation of these regions. The Terai plains area has

good potential for food production but is increasingly overtaxed by the needs of a growing population. The number of landless and marginalized poor people is rising in the region.

Inequality

High levels of inequality contribute to high levels of poverty in several ways. First, for any given level of economic development or mean income, higher inequality implies higher poverty, since a

smaller share of resources is obtained by those at the bottom of the distribution of income or


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consumption. Second, higher initial inequality may result in lower subsequent growth and, therefore, in less poverty reduction. The negative impact of inequality on growth may result from

various factors. For example, access to credit and other resources may be concentrated in the hands of privileged groups, thereby preventing the poor from investing. Third, higher levels of inequality may reduce the benefits of growth for the poor because a higher initial inequality may

lower the share of the poors benefits from growth. At the extreme, if a single person has all the resources, then whatever the rate of growth, poverty will never be reduced through growth.

We argue that, independent of inequalitys impact on poverty, inequality has a direct, negative

impact on social welfare. According to the theory of relative deprivation, individuals and households do not assess their levels of welfare in terms of their absolute levels of consumption or income only. Individuals also compare themselves with others. Therefore, for any given level of

income in a country, high inequality has a direct, negative effect on welfare. There are good reasons to be interested in inequality and social welfare from the perspective of a comprehensive

evaluation of public policies and social programs that go beyond their impact on poverty.

Inequality in health: High rate of infant mortality, High impact health services, mortality, morbidity

Inequality in education: Test results, male and female household heads, rural and urban households, access to teachers, and quality of education.

Economic inequalities: Nepal Gini coefficient of 1996 was 0.366 consumption and 0.513 incomes, 24. 1% Population living below 1$ per day, and 68.5 % Population living below

2 $per day. 4% populations are sharing more than 80% of national income and output.

Inequality of power: top down approach for policy making, project selecting Inequality trap for women: Fewer opportunities in health, education, economic welfare,

political power which also known gender inequality.

Inequality in the home: physical violence, sexual violence, tradition violence, household decision.

Inequality of human capacities: Appointment in PEOs cronyism rather than competition. Inequality of justices: Combating elite capture and discrimination.

Table: 1: Inequality Statistics of Nepal:

Total population (million), 2003: 24.7

Rural population (million), 2003 21.5

Population density (people per km2), 2003: 2.2

Number of rural poor (million) (approximate): 9.6

Rural population below the poverty line (%), 1995/96: 44.0

GNI per capita (USD), 2003: 240.0

Population living below $1 a day (%)1995/96: 37.7

Population living below $2 a day (%), 1995/96: 82.5

Population living below the national poverty line (%)1995/96: 42.0


GNI per capita (USD), 2003: 240.0

Population living below $1 a day (%)2003/04: 24.1

Population living below $2 a day (%), 2003/04: 68.5


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Population living below the national poverty line (%)1995/96: 30.9

Share of poorest 20% in national income or consumption (%): 7.6


Source: WDR

Figure 2: the Lorenz Curve of income inequality statistics of Nepal

Unemployment

Unemployment is the state in which a person is without work, available to work, and is currently seeking work. The rate is determined as the percentage of those in the labor force without jobs.

There are a variety of different types of unemployment, depending on the cause, and disagreement on which is most severe. Different economic theories suggest different measures to

limit it and on its importance; Monetarism, for example, thinks that controlling inflation to facilitate growth and investment is more important, and will lead to increased employment. There is

disagreement on how to measure unemployment. Different countries experience different levels of unemployment; the Nepal currently experiences higher unemployment levels than the other

0

% o

f in

com

e

% of income recipients

+ 100

80 -

70 -

60 -

50 -

40 -

30 -

20 -

10 - + 10

+ 20

+ 30

+ 40

+ 50

+ 60

+ 70

+ 80

(20.9)1995/96

(25.2)2003/04

Line of equality

+ 90

90 -

100

-


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countries and it also changes over time throughout economic cycles. If the market for goods is a buyers' market, Keynesian unemployment may ensue while a limiting production capacity is more

consistent with classical unemployment. Surroundings of unemployment in Nepal

Frictional unemployment occurs when a worker moves from one job to another: imperfect information in the labor market.

Classical unemployment: Classical or real-wage unemployment occurs when real wages for a job are set above the market-clearing level. This is often ascribed to government intervention, as with the minimum wage, Structural unemployment.

Structural unemployment: is caused by a mismatch between jobs offered by employers and potential workers. This may pertain to geographical location, skills, and many other

factors.

If such a mismatch exists, frictional unemployment is likely to be more significant as well. Seasonal unemployment: occurs when an occupation is not in demand at certain seasons. Keynesian (Seasonal) unemployment: Cyclical or Keynesian unemployment, also known as

demand deficient unemployment, occurs when there is not enough aggregate demand for the labor. This is caused by a business cycle recession and wages not falling to meet the

equilibrium rate.

Causes of unemployment

Keynesian view: Keynesian economics emphasizes unemployment resulting from insufficient effective demand for goods and service in the economy.

Classical or neoclassical economics view: minimum wage laws, taxes, and other regulations that may discourage the hiring of workers.

Structural unemployment problems: inefficiencies, inherent in labor markets. Unemployment in a free market economy: that is the law of supply and demand is not

really applied to the price to be paid for employing people.

Government regulation: in under developing countries like Nepal unemployment is often caused by burdensome

Costs of unemployment

Unemployed individuals are unable to earn money to meet financial obligations. Failure to pay mortgage payments or to pay rent may lead to homelessness through foreclosure or eviction. Unemployment increases susceptibility to malnutrition, illness, mental stress, and loss of self-esteem,

leading to depression.

Dr. M. Harvey Brenner conducted a study in 1979 on the "Influence of the Social Environment on Psychology." Brenner found that for every 10% increase in the number of unemployed there is a

1.2% in total mortality, a 1.7% increase in cardiovascular disease, 1.3% more cirrhosis cases, 1.7% more suicides, 0.4% more arrests, and 0.8% more assaults reported to the police.


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Another cost for the unemployed is that the combination of unemployment, lack of financial resources, and social responsibilities may push unemployed workers to take jobs that do not fit

their skills or allow them to use their talents. Unemployment can cause underemployment.

Society: During a long period of unemployment, workers can lose their skills, causing a loss of

human capital. Being unemployed can also reduce the life expectancy of workers by about 7 years. High unemployment can encourage xenophobia and protectionism as workers fear that

foreigners are stealing their jobs. Rising unemployment rate concentrates the oligopsony power of employers by increasing competition amongst workers for scarce employment opportunities.

Table 2: Unemployment rate of Nepal: 42% (2004 estimated

Year Unemployment rate Rank Percent Change Date of Information

2003 47.00 % 9 2001 estimated

2004 47.00 % 10 0.00 % 2001 estimated

2005 47.00 % 183 0.00 % 2001 estimated

2006 42.00 % 189 -10.64 % 2004 estimated

2007 42.00 % 186 0.00 % 2004 estimated

2008 42.00 % 184 0.00 % 2004 estimated

Source: WDR

Dependent population (age of 0 to 14 and 60 above): Dependency ratio is the ratio of total

population in 0-14 and 60+ age groups to total population in 15-59 age group. The

percentage of economic active population is 52.8 and economic inactive population is 47.2 percentages.

Table 3: Distribution of population by broad age groups and dependency ratio, Nepal ((Percent)

00 - 14 years

15-59 years 60 years and older

Total

Dependency Ratio

Male

s

Female

s

Census

2001

NLSS II

Development

Region East Central

West Mid West

Far West Ecological Zone

Mountains Hills Tarai

Urban/Rural Urban

Rural

37.6 39.9

39.2 41.2

43.1

39.9 38.4 40.6

30.0

41.3

24.7 24.8

21.7 24.2

21.9

23.6 23.5 24.3

30.2

22.8

29.8 27.8

30.0 28.7

29.0

27.9 29.4 28.7

31.2

28.5

7.8 7.4

9.1 6.0

6.0

8.7 8.7 6.4

8.5

7.4

100 100

100

100 100

100 100

100

100

100

81.7 79.7

90.9 89.3

93.2

89.8 84.7 84.1

63.3

88.8

83.3 89.9

93.2 89.2

6.5

94.4 89.1 88.7

62.7

94.9


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Nepal 39.6 23.9 28.9 7.6 100 84.7 89.2

CBS, Nepal 2004

Normative and positive economics of poverty, inequality and unemployment

Normative economic statements express a subjective opinion and involve our value judgments about how things should be. Government should do more to help eliminate poverty is a

normative economic statement. Each of these statements deals with what we think should be and with making judgments about the rightness or wrongness of various aspects of the economy. With

normative economic statements, reference to the facts is conspicuously absent.


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Academic relation of poverty where subject, object and thesis (discourses) are mutually constituted

Figure 3: Significant view of poverty as an alternative to the poverty sector approach

National income and economic well- being

National income is reasonably accurate and extremely useful measure of domestic economic performance. It is not, and was never intended to be, an index of societys overall well-being its

ACADEMIC

THESIS

OBJECT SUBJECT

E

C

T

P

S

FOOD Health Housing Energy Clothing Transport Literacy .. ..

FERTILIZER Water Seeds Pesticides Machinery

..

CHEMICAL Organic

..


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total satisfaction. National income is merely a measure of the annual volume of goods and services produced. Many things could make a country better off without necessary raising

National income, such as reduction of crime and violence, greater equality of opportunity, improved racial harmony, better understanding between parents and children and reductions of drug, sex and alcohol abuse, tax abuse.

Nevertheless it is widely held that there should be a strong positive correlation between real

National income and economic well-being; that is greater production should move society towards the good life. Thus we must understand some of the shortcomings of National income

why it might understate or overstate real output, and why more output will not necessarily make society better off.

Government can play promotional roles for economic development in Nepalese economy through:

1. External and internal macroeconomic checks: Reset the trade and development policy,

proper utilize the foreign aid and foreign investment, harmonized with private sector as a partner of development, correction of balance of payments, correct monetary

policy and fiscal policy, choose the reasonable development and planning theory, set the priority and objectives of the planning.

2. Adjustment macroeconomic disequilibrium: Mobilize the unemployed labor force,

control rural urban migration, invest in human capital, improve health nutrition and

education for the poor, provide subsidy for deprive group, control the corruption, develop the financial institution, reduce economic inequalities and redistribute of

national income and output, formulate bottom up approach for policy making, project selection, more opportunities in health, education, economic welfare, political power

which also known gender inequality, control physical violence, sexual violence, tradition violence, household decision, appoint in PEOs with a higher competition ,

provide equal of justices, stop combating elite capture and discrimination.

3. Stimulate needed social and economic changes rather than political shocks: The most important is the political commitments, providing essential social services to all rural people, decentralized rural planning, generating rural and urban capital formation,

diversify the rural economic activities.


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Figure 5: Effect of economic growth with political shock and stimulate.

References Central Bureau of Statistics. 1996. Nepal Living Standards Survey Report 1996: Main Findings,

Volume One. Kathmandu, Nepal. Central Bureau of Statistics. 1996. Nepal Living Standards Survey Report 1996: Main Findings,

Volume Two. Kathmandu, Nepal. Central Bureau of Statistics with UNFPA. 2002. Population Census 2001: National Report. Kathmandu, Nepal.

Central Bureau of Statistics. 2003. Population Monograph of Nepal, Volume One. Kathmandu, Nepal.

Central Bureau of Statistics. 2003. Population Monograph of Nepal, Volume Two. Kathmandu, Nepal.

Central Bureau of Statistics (Nepal) with UNICEF. 2001. Reports on the Situation of Women, Children and Households: Between Census Household Information, Monitoring and Evaluation System

(BCHIMES). Kathmandu, Nepal. Central Bureau of Statistics. 2004. National Sample Census of Agriculture Nepal 2001/02. Kathmandu, Nepal. Ministry of Health (Nepal), New ERA, and ORC Micro. 2002. Nepal

Demographic Health Survey 2001. Kathmandu, Nepal.

World Bank. 1980. World Development Report 1980. New York: Oxford University Press. World Bank. 1990. World Development Report 1990: Poverty. New York: Oxford University

Press.

Econo

mic

gro

wth

50 -

40 -

30 -

20 -

10 -

+ t-2

+ t-1

+ t0

+ t+1

+ t+2

+ t+3

+ t+4

+ t+5

Y

(25.2)2003/04

+ t+n

-10 -

-20 -

-30 -

Time Line

X

Y1

X1


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World Bank. 1993. World Bank Policy Research Report 1993. The East Asian Miracle: Economic Growth and Public Policy. New York: Oxford University Press.

World Bank. 1994. World Development Report 1994: Infrastructure for Development. New York: Oxford University Press. 1997b. Sharing Rising Incomes: Disparities in China. Washington, DC:World Bank.

World Bank. 1997c. World Development Report 1997: The State in a Changing World. New York: Oxford University Press.

World Bank. 2000c. Making Transition Work for Everyone: Poverty and Inequality in Europe and Central Asia. Washington, DC: World Bank.

World Bank. 2001b. Coverage: The Scope of Protection in Retirement Incomes. Washington, DC: World Bank Pension Reform Prime Note, Social Protection Unit. World Bank. 2006. Equity and Development.Washington, DC: World Bank.

problems of nepalese economy

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