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Nepal's neighbour to the north, China, might provide some insight. Both China and Nepal embrace heavy government involvement, therefore freer markets and fewer barriers to trade seem out of the question.
Enter Special Economic Zones which have, in China, recreated the Chinese economy and propelled China into the global market and making it a world leader in investment and trade.
Nepal's hydroelectric capacity is the second greatest in the world, and is a stone's throw away from becoming the pinnacle of hydroelectric trade in Asia. By implementing Special Economic Zones, Nepal could embrace foreign investors without having to sacrifice their entire economy.
Foreign investors might be encouraged by the affordability of the Nepalese Rupee, making Nepal's untapped hydropower potential much more valuable. For a marginal cost, foreign investors could introduce their products, services, and industries with very little initial competition. These zones would reinvent Nepal, setting the stage for future Development Zones which would focus on R&D, human development, and modernisation.
This would allow the Nepelese government to have the export income they need to support their people, while remaining sustainable and self-supporting.
The political and economic situation in Nepal is in disarray, and foreign intervention is needed today.
In the past decade, Nepal has suffered from the confusion of a change in governmental system, moving from a monarchy to a complex and still developing democracy. Heavy government intervention is commonplace in Nepal, and protectionism and barriers to trade are natural.
Nepal's economy is suffering. The primary economic sector is subsistence agriculture; that is, farming just to stay alive. Industry in Nepal is similar, with the primary sector being in agriculture refinement.
The 2015 earthquake events have destroyed infrastructure and displaced millions. Nepal is in dire need, but more importantly, so are its people.
Nepal is a country rich with protected natural resources. But what if Nepal could become one of the world's leaders in hydroelectric power generation? What if U could be responsible for that change?
How can foreign investment save Nepal and, more importantly, help the Nepalese people recover from disaster?
