Will the Global Financial Crisis affect Nepal?
When few CEOs shared their views on this, some were of the view that Nepal is safe from the GFC, it would not trickle down to this level, others were of the view that the effect will be to the extent of spillover from India - through our trade with the country. Still others, whom i found more realistic said that Nepal is not and cannot be decoupled from the rest of the world. How can it be decoupled? How cannot something that shook the rest of the developed world, affect us? Are we an independenlty standing...self-sufficient country? No, we are not. We live on trade, breathe on grants, loans and aids. We are at evey nook and corner, at every turn of development, closely linked with US, UK, Japan, Europe and ofcourse the emerging markets - India, China, Middle East and the like.
Ofcourse, the NEPSE stock exchange is not governed by the normal ways of stock markets. It is said just a few hot shots can make or break a stock. I believe these rumors.
So, the next question is to what extent will the GFC trickle effect be in a country like Nepal?
and are we ready to whatever happens in its name?
3 comments:
happy tihar...wish to say the same from next year....
happy tihar to u, milan and uncles and aunts :)
Nidhi
It will certainly have more effect on us people are thinking. Not only the spillover from India, our tourism industry may get directly affected too.
And it seems we are not ready at all. Our policy-makers may not time to think about such 'small' things:)
"Isolated thus Insulated" for some time in past....But we have started to feel the effect of GFC in our country.
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