Nepal has a huge potential for development.” Justify this statement with suitable examples.
Answers
Answer:
Both the economy and government of Nepal have been extremely volatile. There has been substantial influence thwarted by larger, more developed nations that continue to show drastic fluctuations in economic stability, self-sufficiency, and sovereignty.
Additionally, the current primary industries do not seem to be encouraging the expansion into technology like so many of the more developed nations. Globalization has been relatively nonexistent and there remains little incentive to expand and promote international trade/commerce.
Without ample infrastructural change and major technological and or industrial revolutions, the nation will likely not see the great economic growth displayed by both Saudi Arabia and the United Arab Emirates, both notably rich and heavily dependent on natural resources.
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