Weak governance has affected reforms:
Himalayan News Service
Dr Shankar Sharma, vice-chairman of the National
Planning Commission (NPC) said that
weak governance, political
instability and weak institutional capacity have affected sustainable
economic performance in the country.
He was speaking at a talk
programme on 'Political Economy of Economic Reforms'
Institute for Integrated Development Studies (IIDS) today.
said that Nepal's situation is different and limitations of knowledge has
also contributed to the low performance of economic activities in the
Prof Madan K Dahal, chief of central department of
economics at Tribhuvan University
opined that despite the fact that
globalisation policies were implemented, result has not been
He said that most of the enterprises in the country
are not performing well.
Nepal can benefit from globalisation and
liberalisation, but it is very challenging, he said, adding that the
non-economic factors have contributed to weak economic performance
Nepal. Dahal stressed that poverty alleviation should be based
on existing resources.
At the function, Dr Mariano Tommasi,
professor and chairperson, University of de San
presented a paper on "Political Economy of Economic
Economic reforms of any country basically depends on
policy making process and political institutions, said Tommasi. "Policy
making capability is crucial in expediting economic reforms," he
While talking about Argentina, Tommasi said that the reforms
have no permanent effect
and public policies are the outcome of
actions and political transactions.
"Good public policies require
political environments which permit the enforcement of bargains and foster
cooperation. The important factor to focus on is how to play the politics
so that we can get maximum benefits," Dr Mariano Tommasi