Nepal, Jan. 22 -- Imagine this: It is 2050 (AD). Four successful governments have completed their tenures, and the current one is due to complete its tenure next year. The outbound migration, averaging 3,000 a day in 2022, has decreased to mere hundreds. Young people still leave the country, but of their own choice, traversing the world with their disposable income. A Nepali, on average, makes $10,000 a year, thanks to a stable political climate and steady high economic growth, made possible by a competitive, outcome-oriented political culture.

Following the 2026 elections, Nepal enacted a series of institutional and policy reforms that eventually allowed it to catch up with the middle-income countries. Recognising the importance of ener...