Nepal's Economic Landscape: Recommendations for a sustainable Economic Policy

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The paper explores the transformative economic developments over the past sixty years, highlighting the remarkable recoveries of Western Europe and Japan post-World War II, along with the rapid growth of South Korea, China, and India. It discusses the emergence of the BRIC nations and the impact of globalization and technological advancements. In contrast, Nepal's stagnation is attributed to ineffective policies, corruption, and a weak justice system, illustrating the varying trajectories of countries in a changing global landscape.