Nepal, March 31 -- The era of mass production began when Europeans launched the Industrial Revolution in the mid-18th century. They took it to North America and Australia and helped these continents prosper. The revival of globalisation after World War II in many East Asian countries, including South Korea and China, promptly opened doors to multinational companies. The rest of the world has persistently struggled to run a new machine to create marketable value and is left out of the major global markets. A large part of South Asia, including Nepal, has stagnated for centuries, impoverishing its citizens.

When one compares our nation with other South Asian countries regarding an average person's standard of living, we appear to rest at t...