Solutions
4 Nepal
Low Investments
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Nepal has laws against foreign investments
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Huge potential for hydroelectric investments but lack of trust for the first world investors
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Foreigners not allowed to own businesses or land
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Government doesn’t have money to invest in public infrastructure
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Needs: More open borders for trade and investments, better government assistance
Child Labour
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1.6 million children (2014) children between 5 and 17 in the work force
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Takes jobs from unemployed adults
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Became illegal in 2000 but still happens
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Decreases literacy, hurts economy
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Needs: Crack down on labour laws, compulsory education for children
Natural Resources
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Forest covers 37% of the country (used for exportation of lumber). Used very sustainably, supported by export taxes to discourage abuse of the resource
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2nd richest country in water sources. Currently used only for drinking, washing and agriculture. Great potential for hydroelectricity to power the country and use as a renewable export.
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Needs: Find a balance between protecting the resources and using them to their potential
Population Growth
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Population is starting to exceed available food sources
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Leads to higher poverty levels
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Current fertility rate of 4.1. The goal is 2 (replacement rate)
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Average population growth rate of 2.3 percent per year
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This limits economic growth because it strains resources and increases unemployment
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Needs: Increased knowledge of family planning
Lack of Economic Security
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Still recovering from a civil war
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Lack of capital, majority of people working just for sustenance
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Little to no government assistance
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Very protectionist. Difficult for citizens to grow economically because if trade barriers (export taxes on many resources such as lumber and rice)
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Unemployment level high: 40%
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Needs: Better opportunities for trade and jobs, politically stability and support
Malnutrition
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81% of children under 5 have some level of malnutrition. 41% have stunted growth
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2-3% of their GDP spent annually to try and deal with it
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Slow economic growth because of poor physical condition leading to less productivity, higher health costs and loss of cognitive function
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Needs: increased food security, decrease of stunting to have stronger farm workers
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