What Can Nepal Learn from Her South Asian Neighbors, Ireland and UK for Sustained Economic Growth? A Policy Commentary

While national development indicators of Nepal seem to be in a positive direction both over time and compared to its neighboring economies, Nepalese policymakers need to work on the predictability of regulatory stances and work seriously on institutional development. The competitive environment facing Nepal in light of performances of her neighboring countries in the global economy presents both threat and opportunities for Nepal. Nepal has much to learn from Ireland and the United Kingdom in developing institutions that drive economic development. Further, recent episodes of capital flight from London to Dublin and Ireland's strong substitutability with the post-Brexit UK as an investment destination should be eye-opening to a nation like Nepal competing, with her neighboring economies, to work towards establishing more unambiguous policies and political stability