IDEAS home Printed from https://ideas.repec.org/a/sae/loceco/v38y2023i8p721-726.html
   My bibliography  Save this article

Navigating Nepal’s development trajectory: The road to graduation from the LDC status and beyond

Author

Listed:
  • Ghanshyam Gautam
  • Saugat Pratap KC
  • Bikram Adhikari
  • Sushil Chandra Baral

Abstract

Nepal’s imminent graduation from the Least Developed Country (LDC) status marks a significant milestone in its development trajectory, highlighting substantial progress in economic, social, and human development indicators. This transition necessitates a strategic approach to capitalize on newfound opportunities while mitigating associated challenges. Drawing on insights from socio-economic indicators and economic evolution data, this paper assesses Nepal’s readiness for graduation and outlines key priorities for its post-LDC journey. Emphasizing sustainable development aligned with the Sustainable Development Goals (SDGs), the paper advocates for in-country resource mobilization, system strengthening with a localization focus, human capital development, market access facilitation, resilience building, and promotion of foreign direct investment. By leveraging international support, prioritizing strategic initiatives, and fostering conducive environments for growth and investment, Nepal can navigate the transition effectively and pave the way for inclusive, resilient, and sustainable development.

Suggested Citation

  • Ghanshyam Gautam & Saugat Pratap KC & Bikram Adhikari & Sushil Chandra Baral, 2023. "Navigating Nepal’s development trajectory: The road to graduation from the LDC status and beyond," Local Economy, London South Bank University, vol. 38(8), pages 721-726, December.
    • Handle: RePEc:sae:loceco:v:38:y:2023:i:8:p:721-726
    DOI: 10.1177/02690942241270566
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/02690942241270566
    Download Restriction: no
    File URL: https://libkey.io/10.1177/02690942241270566?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:loceco:v:38:y:2023:i:8:p:721-726. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: http://www.lsbu.ac.uk/index.shtml .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.