Nepal is rich in natural resources it couldnot achieve higher level of development performance .justify
Answers
Answer:
There are numbers of naturals resources found and discovered but until and unless without the support of government such resources are a waste. More than 80% of the land in Nepal is Mountainous. It’s mineral resources are small, scattered, and barely developed. It has been researched that there are various minerals resources like metallic, non-metallic, decorative stones, fuel metals in the mountainous region. . Similarly, minerals like gold, mica, limestone, and iron ore, copper are found in various parts of Nepal. It is even researched that Nepal has petroleum resources at Nepalgunj, Pyuthan, Dailekh. Limestone found in Hetauda, Chovar, Surkhet has been used for the cement production by the major cement factories.
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.
Explanation: