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Human capital for growth
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Kathmandu, May 7 -- The current government has claimed high and sustainable economic growth to be its top priority. But to achieve this goal, a breakaway from the traditional mindset is needed. The discourse on the new budget must go beyond ineffective resource allocation tendencies based on balanced distribution, scattering resources and appeasement to certain sections of the society.
The general methods of accelerating economic growth are either to increase inputs or to increase total factor productivity. The demographic dividend that Nepal is experiencing, and the injection of new capital for investment, can certainly boost economic growth, and so can the adoption of new technologies and total factor productivity. However, in recent t...
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