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The power of the market
Milton Friedman discusses the power of free markets using Hong Kong as an example. He summarizes that Hong Kong has thrived due to having one of the freest markets in the world, with minimal government intervention and no trade restrictions. This has allowed its industrious people to transform a barren rock into a prosperous, dynamic city through hard work and innovation. Friedman argues that free markets are the best system for improving living standards and reducing poverty worldwide by fostering cooperation and releasing human potential and creativity.
Improving Business Environment at Sub-National Level
The capital of State 4, Pokhara - Lekhnath Metropolitan City (PLMPC) – the largest city by area and second largest city by population in Nepal – has immense potential for growth. Its rich abundant natural resources and scenic landscapes have helped promote the region as a tourist hub. However, there is an urgent need to improve the overarching macroeconomic indicators and regulatory barriers that pose a serious threat to the city’s economic development. To the same end, promoting enterprises with the highest-growth potential by creating a conducive business environment also becomes extremely vital.
Rising property ownership among women in Kathmandu, Nepal: an exploration of ...
There is evidence that property ownership empowers women
by increasing their self-confidence, ability to contribute to
decisions, control over their reproductive behaviour, ability to
borrow and economic independence. Yet, women around the
world own negligible assets. It is not surprising that assets
ownership among Nepalese women is insignificant. In urban
areas of Nepal, however, women’s assets holdings have
increased dramatically over the last four decades. The article
analyses the institutions that resulted in increased asset hold-
ings among women in Kathmandu, Nepal, and shows how
strategic action by some men and women has given rise to new
norms which favour property ownership among women. The
findings are based on a sample of 193 women who legally own
property (home or land) in Kathmandu, Nepal.
Trade and growth
In this chapter, we won’t try to prove that trade is good for growth and that liberalisation is good for trade, so liberalisation is always good for growth whatever the circumstances. But we will demonstrate that an open trade policy is more likely to contribute to economic growth than alternative policies. We’ll start by looking at the different factors that contribute to economic growth and how trade affects them, and then we’ll look at the relationship between trade and R&D, trade and the diffusion of new technologies, and trade and investment.
Globalization and the poor
The anti-globalization movement had its coming-out party in Seattle in 1999, when thousands of activists and trade union members protested against a new round of trade negotiations in the World Trade Organisation. Millions were drawn to these protests because of a preceding anti-WTO statement that was circulated on the internet, and signed by about 1 500 different groups, from churches to militant communists.
The chinese economic reform
China is passing through massive transformation; from a command to a market economy, from an economy based on agriculture to one based on manufacturing and services, from one with high fertility and low longevity to one faced with OCDE style low fertility and high longevity, and from an economy that was almost totally closed to one that, today, even before her accession to the WTO, is much more open than most countries at the same level of income. This vast movement of transformation started on a very simple principle frequently stated by Deng Xioaping: “Poverty is not socialism”. Prosperity was the new face of the socialism according to Deng Xiaoping’s famous dictum: to get rich is glorious. In the past socialism used to mean government planning, for the new China, it means common prosperity.
How indias liberalization shaped a generation of entrepreneurs
India's economic liberalization in 1991 unleashed entrepreneurship and led to significant growth for companies like Infosys. A study found the number of first-generation companies listed in the elite Group A of the Bombay Stock Exchange grew from 9 in 1991 to 30 in 2011, a 588% increase. Even with recent policy paralysis, the researcher believes entrepreneurs will continue to find ways to succeed and contribute more to India's GDP and socioeconomic development due to skills and attitudes developed during the post-liberalization period.
How reforms benefited the poorer half
There has been widespread criticism that the reforms of the last 20 years have bypassed poor regions; have bypassed poor sections of the population like dalits (formerly called untouchables); that poor people have in desperation taken to Maoism, which now affects almost a quarter of all districts; and that social and poverty indicators have not improved fast enough. These criticisms are mostly exaggerations or falsehoods.
Recommended
The power of the market
Milton Friedman discusses the power of free markets using Hong Kong as an example. He summarizes that Hong Kong has thrived due to having one of the freest markets in the world, with minimal government intervention and no trade restrictions. This has allowed its industrious people to transform a barren rock into a prosperous, dynamic city through hard work and innovation. Friedman argues that free markets are the best system for improving living standards and reducing poverty worldwide by fostering cooperation and releasing human potential and creativity.
Improving Business Environment at Sub-National Level
The capital of State 4, Pokhara - Lekhnath Metropolitan City (PLMPC) – the largest city by area and second largest city by population in Nepal – has immense potential for growth. Its rich abundant natural resources and scenic landscapes have helped promote the region as a tourist hub. However, there is an urgent need to improve the overarching macroeconomic indicators and regulatory barriers that pose a serious threat to the city’s economic development. To the same end, promoting enterprises with the highest-growth potential by creating a conducive business environment also becomes extremely vital.
Rising property ownership among women in Kathmandu, Nepal: an exploration of ...
There is evidence that property ownership empowers women
by increasing their self-confidence, ability to contribute to
decisions, control over their reproductive behaviour, ability to
borrow and economic independence. Yet, women around the
world own negligible assets. It is not surprising that assets
ownership among Nepalese women is insignificant. In urban
areas of Nepal, however, women’s assets holdings have
increased dramatically over the last four decades. The article
analyses the institutions that resulted in increased asset hold-
ings among women in Kathmandu, Nepal, and shows how
strategic action by some men and women has given rise to new
norms which favour property ownership among women. The
findings are based on a sample of 193 women who legally own
property (home or land) in Kathmandu, Nepal.
Trade and growth
In this chapter, we won’t try to prove that trade is good for growth and that liberalisation is good for trade, so liberalisation is always good for growth whatever the circumstances. But we will demonstrate that an open trade policy is more likely to contribute to economic growth than alternative policies. We’ll start by looking at the different factors that contribute to economic growth and how trade affects them, and then we’ll look at the relationship between trade and R&D, trade and the diffusion of new technologies, and trade and investment.
Globalization and the poor
The anti-globalization movement had its coming-out party in Seattle in 1999, when thousands of activists and trade union members protested against a new round of trade negotiations in the World Trade Organisation. Millions were drawn to these protests because of a preceding anti-WTO statement that was circulated on the internet, and signed by about 1 500 different groups, from churches to militant communists.
The chinese economic reform
China is passing through massive transformation; from a command to a market economy, from an economy based on agriculture to one based on manufacturing and services, from one with high fertility and low longevity to one faced with OCDE style low fertility and high longevity, and from an economy that was almost totally closed to one that, today, even before her accession to the WTO, is much more open than most countries at the same level of income. This vast movement of transformation started on a very simple principle frequently stated by Deng Xioaping: “Poverty is not socialism”. Prosperity was the new face of the socialism according to Deng Xiaoping’s famous dictum: to get rich is glorious. In the past socialism used to mean government planning, for the new China, it means common prosperity.
How indias liberalization shaped a generation of entrepreneurs
India's economic liberalization in 1991 unleashed entrepreneurship and led to significant growth for companies like Infosys. A study found the number of first-generation companies listed in the elite Group A of the Bombay Stock Exchange grew from 9 in 1991 to 30 in 2011, a 588% increase. Even with recent policy paralysis, the researcher believes entrepreneurs will continue to find ways to succeed and contribute more to India's GDP and socioeconomic development due to skills and attitudes developed during the post-liberalization period.
How reforms benefited the poorer half
There has been widespread criticism that the reforms of the last 20 years have bypassed poor regions; have bypassed poor sections of the population like dalits (formerly called untouchables); that poor people have in desperation taken to Maoism, which now affects almost a quarter of all districts; and that social and poverty indicators have not improved fast enough. These criticisms are mostly exaggerations or falsehoods.
The invisible hand
Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of the society which he has in view. But the study of his own advantage naturally, or rather necessarily, leads him to prefer that employment which is most advantageous to society . . . . He intends only his own gain, and he is in this, and in many other cases, led by an invisible hand to promote an end which was not part of his intention.
- Adam Smith
सरकारको स्वरुप
सरकार एउटा संस्था हो, जोसँग निश्चित भौगोलिक क्षेत्रमा सामाजिक आचरणका नितिनियमहरु लागु गर्ने शक्ति हुन्छ । के व्यक्तिलाई यस्तो संस्था आवश्यकता पर्छ? पर्छ भने किन?
Introduction to limited government
There cannot be a second opinion when we say that human civilization has profited immensely by opening up markets and fostering the spirit of entrepreneurship. Before the last two centuries, almost every human kind lived in poverty. Suddenly everything changed. After the industrialization in United Kingdom and capitalist approach in United States of America, the globe witnessed increase in wealth of people along with the rise in their life expectancy rate. But how was this suddenly possible? Maybe the answer is quite relevant and required for our country.
Introduction to Free Market and Market Economy
The document discusses the history and evolution of economic systems and concepts of economic freedom. It explains that after the decline of mercantilism, debates emerged around socialist and capitalist economic models. While socialist economies initially saw some success, the collapse of the Soviet Union demonstrated their internal flaws and limitations. This led to increased exploration of alternatives and emphasis on economic freedom, defined as individual choice, free markets, and secure private property rights. Countries with higher levels of economic freedom tend to have greater prosperity, growth, and citizen satisfaction according to research.
Should the minimum wage be abolished (i.e. reduced to
In presidential and Congressional campaigns, the issue of raising the minimum wage workers is often brought up. Most Republicans and many Democrats oppose a rise in the minimum wage. Some economists believe it should be abolished altogether; in other words, businesses would be able to pay $1 or $7 per hour if they wanted, assuming they could find people to hire at the specified rate. This analysis examines the pros and cons of the economists' suggestion.
The social costs of monopoly and regulation
The traditional analysis of the costs of monopoly concentrates on the deadweight loss involved, monopoly rents being considered merely a transfer to the monopolist from the consumer surplus that would exist under competition. Some years ago, that analysis was challenged by Posner (1975), who presented an ingenious argument that monopoly rents in fact measure the resources lost to society through rent seeking activities and thus should be counted in the costs of monopoly. That argument has recently been used by staff members of the Federal Trade Commission (Long et al. 1982, chap. 3, esp. pp. 77, 97, 104; see also Tollison, Higgins, and Shugart 1983, pp. 23-44) in an attempt to estimate the benefits potentially flowing from the use of the FTC's line-of-business program in antitrust enforcement.
आर्थिक स्वतंत्रता - एक परिचय
The document discusses the history and evolution of economic systems and concepts of economic freedom. It explains that after the decline of mercantilism, debates emerged around socialist and capitalist economic models. While socialist economies initially saw some success, the collapse of the Soviet Union demonstrated their internal flaws. This led to increased exploration of alternatives and emphasis on economic freedom, defined as individual choice, free markets, and secure private property rights. Countries with higher levels of economic freedom tend to have greater prosperity, growth, and citizen satisfaction according to research.
उच्चस्तरीय शिक्षा आयोगको प्रगति प्रतिवेदन तथा सिफारिसहरू (मस्यौदा) २०७४ पौष ४...
The document discusses the formation and initial work of Nepal's High-Level Education Commission formed in 2074 to provide recommendations on reforming and improving Nepal's education policies, programs, and organizational structure in line with the federal system. It notes the commission was tasked with studying 10 areas of education and submitting a report to the Ministry of Education within 5 months. It also summarizes the experts formed to assist the commission and some of their initial activities, which include reviewing past commission reports and education news/views, and analyzing current annual and long-term plans.
Federalism as an ideal political order and an objective for constitutional re...
The author, James M Buchanan discusses federalism as a central element in an inclusive political order.
Foreign Direct Investment. Political Economic Digest Series - XVI
In this issue, we will be discussing about Foreign Direct Investment (FDI).
Foreign Direct Investment has been a very productive tool for the economic growth of many countries. Recently after the government made the decision to celebrate 2012/13 as investment year and after the agreement with India i.e. Bilateral Investment Promotion and Protection Agreement, the topic of Foreign Direct Investment has been highly discussed among the lawmakers, policymakers and general public. The examples provided in this issue of different countries regarding FDI has shown how the growth rate is positively affected by the investment from outside the country.
Privatisation. Political Economic Digest Series - 14.
This document discusses privatization in three parts. It begins with background on state-owned enterprises in Nepal, noting many are inefficient and incurring large losses. It then discusses the history and reasons for privatization, including potential cost savings, improved quality and accountability. Finally, it discusses different methods of privatization and debates around balancing private vs. state control of industries and services.
Voluntary efforts post nepal earthquake
In this special edition of Political Economic Digest Series, we will look back at some of the highly commendable voluntary efforts made by the people (individuals and groups), coming together for the victims spontaneously, as the earthquake hit. The articles that follow contain documentations of how people acted on their own, in any capacity they could, rather than waiting for the government relief to reach the victims of the quake. Additional articles feature opinions about the spirit of entrepreneurship that has been gaining grounds in Nepal, and also about how the affected people have lost their homes but not their skills – the skills that the people will use to rise again. In the article “A new generation will help Nepal rise up and rebuild,” by Tashi Sherpa, he talks about the faith he has in the entrepreneurial youth of the nation and expresses his belief in them in re-building the country. The article “Unbent and unbowed,” by Samrat Katwal, contains additionally, useful words of caution as we move towards the reconstruction phase. He talks about protecting and using the indigenous knowledge about construction in different topographical and cultural regions of the country.
On Education. Political Economic Digest Series - 12
In this series, we have a couple of readings that talk about alternative approaches to this issue. First reading is an article entitled “Improving Nepalese Education through choice”, in which the author talks about the education voucher system and its implementation in Nepal.
Education Voucher System developed by Nobel Laureate economist Milton Friedman intends to bring more quality and responsibility in public education system by bringing the virtuous qualities of markets i.e. competition and incentives to the public education without harming the access of the poor to education. Second reading in the series is an article entitled “The Failures of State Schooling in Developing Countries and the People’s Response” by James Tooley and Pauline Dixon.Mr Tooley is a prominent figure in the study of educational systems and educational policies around the world. In this article, the authors have discussed about the various alternatives poors have adopted in response of failure of the State to provide quality education.
Globalisation and Poverty. Political Economic Digest Series - 11
In this series, we’ll be discussing about globalization and poverty. As we discussed in our earlier series, globalization and free trade are among the most prominent issues of discussion in the policy discousrse countries out of dire poverty. However, globalization isn’t free from criticisms or opponents. Critics of today. Globalization has contributed significantly in lifting millions of citizens of the Third World globalization hold globalization responsible for the increasing environmental degradation, consumerism and most of all increasing the gap between rich and the poor. In popular words, “rich are getting richer poor are getting poorer”.
Limited Government. Political economic digest series - 8
In this series, we’ll be discussing about the concept of limited government and why it is needed for the development of an economy.
Wikipedia defines limited government as, “a government in which anything more than minimal governmental intervention in personal liberties and the economy is generally disallowed by law, usually in a written constitution.” As discussed in the earlier political economic
digest series (Public Choice and Sound Public policies), having an expansive and intervening government is disastrous for an economy and civil liberties. Government is the non-productive sector of the economy as it produces nothing and hence, the larger the government spending larger is the amount of resources that go to waste.
Sound Public Policies. Political economic digest series - 7
The document is an introduction to the seventh issue of the Political Economic Digest series. It discusses how the series will focus on principles of sound public policy and their role in economic progress. Specifically, it will examine articles on the "7 principles of sound public policy" and how policies impact economic growth. It provides an overview of three readings included: 1) "Seven Principles of Sound Public Policy" which outlines basic principles for evaluating policies, 2) a satirical article on strategies for achieving poverty, and 3) a chapter from Economics in One Lesson on unintended consequences of policies.
Public Choice. Political economic digest series - 5
In this series we’ll be discussing about Public Choice. Public Choice Theory is directed toward the study of politics based on ecomonic principles. We generally, tend to think that politicians and government officials are benevolent “public servants” who faithfully carry out the “will of the people.” In tending to the public’s business, voters, politicians, and policymakers are supposed somehow to rise above their own self-interests. However it is not true at all.
Economic Freedom. Political economic digest series - 4
In this series, we’ll be discussing about economic freedom and its role in the
economic progress of a society. Among the three kinds of freedom-political, civil and economic, economic freedom is considered the most important freedom required for prosperity and it is one of the most ignored one in our context.
Seven principles of sound public policy
Here, we’ll be discussing the principles of of sound public policies and their role in economic progress. Public policy can be generally defined as the course of action or inaction taken by governmental entities (the decisions of government) with regard to a particular issue or set of issues.
Public policies determine to a large extent how a country or an economy functions. In context of Nepal, we keep hearing either how bad policies are ruining our country or that even though our policies are good, it is the lack of proper implementation that’s hampering our progress. After reading this great article by Lawrence Reed, you will be able to analyze the policies of our government and their
implications.
Private Property Rights. Political economic digest series - 3
This document discusses the importance of clearly defined private property rights. It contains three readings on this topic. The first reading discusses how private property rights provide incentives for people to make efficient use of resources and conserve them. It explains how lack of property rights can lead to the "tragedy of the commons" where resources are overexploited. The second reading further explains how private property rights encourage productive and beneficial development and use of property. It also promotes conservation for future generations. The third reading discusses how billions of poor around the world lack opportunities to generate wealth because they do not have clear property rights over the resources they possess. Well-defined property rights are important for economic growth and prosperity.
Walmart Business+ and Spark Good for Nonprofits.pdf
"Learn about all the ways Walmart supports nonprofit organizations.
You will hear from Liz Willett, the Head of Nonprofits, and hear about what Walmart is doing to help nonprofits, including Walmart Business and Spark Good. Walmart Business+ is a new offer for nonprofits that offers discounts and also streamlines nonprofits order and expense tracking, saving time and money.
The webinar may also give some examples on how nonprofits can best leverage Walmart Business+.
The event will cover the following::
Walmart Business + (https://business.walmart.com/plus) is a new shopping experience for nonprofits, schools, and local business customers that connects an exclusive online shopping experience to stores. Benefits include free delivery and shipping, a 'Spend Analytics” feature, special discounts, deals and tax-exempt shopping.
Special TechSoup offer for a free 180 days membership, and up to $150 in discounts on eligible orders.
Spark Good (walmart.com/sparkgood) is a charitable platform that enables nonprofits to receive donations directly from customers and associates.
Answers about how you can do more with Walmart!"
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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More from Akash Shrestha
The invisible hand
Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of the society which he has in view. But the study of his own advantage naturally, or rather necessarily, leads him to prefer that employment which is most advantageous to society . . . . He intends only his own gain, and he is in this, and in many other cases, led by an invisible hand to promote an end which was not part of his intention.
- Adam Smith
सरकारको स्वरुप
सरकार एउटा संस्था हो, जोसँग निश्चित भौगोलिक क्षेत्रमा सामाजिक आचरणका नितिनियमहरु लागु गर्ने शक्ति हुन्छ । के व्यक्तिलाई यस्तो संस्था आवश्यकता पर्छ? पर्छ भने किन?
Introduction to limited government
There cannot be a second opinion when we say that human civilization has profited immensely by opening up markets and fostering the spirit of entrepreneurship. Before the last two centuries, almost every human kind lived in poverty. Suddenly everything changed. After the industrialization in United Kingdom and capitalist approach in United States of America, the globe witnessed increase in wealth of people along with the rise in their life expectancy rate. But how was this suddenly possible? Maybe the answer is quite relevant and required for our country.
Introduction to Free Market and Market Economy
The document discusses the history and evolution of economic systems and concepts of economic freedom. It explains that after the decline of mercantilism, debates emerged around socialist and capitalist economic models. While socialist economies initially saw some success, the collapse of the Soviet Union demonstrated their internal flaws and limitations. This led to increased exploration of alternatives and emphasis on economic freedom, defined as individual choice, free markets, and secure private property rights. Countries with higher levels of economic freedom tend to have greater prosperity, growth, and citizen satisfaction according to research.
Should the minimum wage be abolished (i.e. reduced to
In presidential and Congressional campaigns, the issue of raising the minimum wage workers is often brought up. Most Republicans and many Democrats oppose a rise in the minimum wage. Some economists believe it should be abolished altogether; in other words, businesses would be able to pay $1 or $7 per hour if they wanted, assuming they could find people to hire at the specified rate. This analysis examines the pros and cons of the economists' suggestion.
The social costs of monopoly and regulation
The traditional analysis of the costs of monopoly concentrates on the deadweight loss involved, monopoly rents being considered merely a transfer to the monopolist from the consumer surplus that would exist under competition. Some years ago, that analysis was challenged by Posner (1975), who presented an ingenious argument that monopoly rents in fact measure the resources lost to society through rent seeking activities and thus should be counted in the costs of monopoly. That argument has recently been used by staff members of the Federal Trade Commission (Long et al. 1982, chap. 3, esp. pp. 77, 97, 104; see also Tollison, Higgins, and Shugart 1983, pp. 23-44) in an attempt to estimate the benefits potentially flowing from the use of the FTC's line-of-business program in antitrust enforcement.
आर्थिक स्वतंत्रता - एक परिचय
The document discusses the history and evolution of economic systems and concepts of economic freedom. It explains that after the decline of mercantilism, debates emerged around socialist and capitalist economic models. While socialist economies initially saw some success, the collapse of the Soviet Union demonstrated their internal flaws. This led to increased exploration of alternatives and emphasis on economic freedom, defined as individual choice, free markets, and secure private property rights. Countries with higher levels of economic freedom tend to have greater prosperity, growth, and citizen satisfaction according to research.
उच्चस्तरीय शिक्षा आयोगको प्रगति प्रतिवेदन तथा सिफारिसहरू (मस्यौदा) २०७४ पौष ४...
The document discusses the formation and initial work of Nepal's High-Level Education Commission formed in 2074 to provide recommendations on reforming and improving Nepal's education policies, programs, and organizational structure in line with the federal system. It notes the commission was tasked with studying 10 areas of education and submitting a report to the Ministry of Education within 5 months. It also summarizes the experts formed to assist the commission and some of their initial activities, which include reviewing past commission reports and education news/views, and analyzing current annual and long-term plans.
Federalism as an ideal political order and an objective for constitutional re...
The author, James M Buchanan discusses federalism as a central element in an inclusive political order.
Foreign Direct Investment. Political Economic Digest Series - XVI
In this issue, we will be discussing about Foreign Direct Investment (FDI).
Foreign Direct Investment has been a very productive tool for the economic growth of many countries. Recently after the government made the decision to celebrate 2012/13 as investment year and after the agreement with India i.e. Bilateral Investment Promotion and Protection Agreement, the topic of Foreign Direct Investment has been highly discussed among the lawmakers, policymakers and general public. The examples provided in this issue of different countries regarding FDI has shown how the growth rate is positively affected by the investment from outside the country.
Privatisation. Political Economic Digest Series - 14.
This document discusses privatization in three parts. It begins with background on state-owned enterprises in Nepal, noting many are inefficient and incurring large losses. It then discusses the history and reasons for privatization, including potential cost savings, improved quality and accountability. Finally, it discusses different methods of privatization and debates around balancing private vs. state control of industries and services.
Voluntary efforts post nepal earthquake
In this special edition of Political Economic Digest Series, we will look back at some of the highly commendable voluntary efforts made by the people (individuals and groups), coming together for the victims spontaneously, as the earthquake hit. The articles that follow contain documentations of how people acted on their own, in any capacity they could, rather than waiting for the government relief to reach the victims of the quake. Additional articles feature opinions about the spirit of entrepreneurship that has been gaining grounds in Nepal, and also about how the affected people have lost their homes but not their skills – the skills that the people will use to rise again. In the article “A new generation will help Nepal rise up and rebuild,” by Tashi Sherpa, he talks about the faith he has in the entrepreneurial youth of the nation and expresses his belief in them in re-building the country. The article “Unbent and unbowed,” by Samrat Katwal, contains additionally, useful words of caution as we move towards the reconstruction phase. He talks about protecting and using the indigenous knowledge about construction in different topographical and cultural regions of the country.
On Education. Political Economic Digest Series - 12
In this series, we have a couple of readings that talk about alternative approaches to this issue. First reading is an article entitled “Improving Nepalese Education through choice”, in which the author talks about the education voucher system and its implementation in Nepal.
Education Voucher System developed by Nobel Laureate economist Milton Friedman intends to bring more quality and responsibility in public education system by bringing the virtuous qualities of markets i.e. competition and incentives to the public education without harming the access of the poor to education. Second reading in the series is an article entitled “The Failures of State Schooling in Developing Countries and the People’s Response” by James Tooley and Pauline Dixon.Mr Tooley is a prominent figure in the study of educational systems and educational policies around the world. In this article, the authors have discussed about the various alternatives poors have adopted in response of failure of the State to provide quality education.
Globalisation and Poverty. Political Economic Digest Series - 11
In this series, we’ll be discussing about globalization and poverty. As we discussed in our earlier series, globalization and free trade are among the most prominent issues of discussion in the policy discousrse countries out of dire poverty. However, globalization isn’t free from criticisms or opponents. Critics of today. Globalization has contributed significantly in lifting millions of citizens of the Third World globalization hold globalization responsible for the increasing environmental degradation, consumerism and most of all increasing the gap between rich and the poor. In popular words, “rich are getting richer poor are getting poorer”.
Limited Government. Political economic digest series - 8
In this series, we’ll be discussing about the concept of limited government and why it is needed for the development of an economy.
Wikipedia defines limited government as, “a government in which anything more than minimal governmental intervention in personal liberties and the economy is generally disallowed by law, usually in a written constitution.” As discussed in the earlier political economic
digest series (Public Choice and Sound Public policies), having an expansive and intervening government is disastrous for an economy and civil liberties. Government is the non-productive sector of the economy as it produces nothing and hence, the larger the government spending larger is the amount of resources that go to waste.
Sound Public Policies. Political economic digest series - 7
The document is an introduction to the seventh issue of the Political Economic Digest series. It discusses how the series will focus on principles of sound public policy and their role in economic progress. Specifically, it will examine articles on the "7 principles of sound public policy" and how policies impact economic growth. It provides an overview of three readings included: 1) "Seven Principles of Sound Public Policy" which outlines basic principles for evaluating policies, 2) a satirical article on strategies for achieving poverty, and 3) a chapter from Economics in One Lesson on unintended consequences of policies.
Public Choice. Political economic digest series - 5
In this series we’ll be discussing about Public Choice. Public Choice Theory is directed toward the study of politics based on ecomonic principles. We generally, tend to think that politicians and government officials are benevolent “public servants” who faithfully carry out the “will of the people.” In tending to the public’s business, voters, politicians, and policymakers are supposed somehow to rise above their own self-interests. However it is not true at all.
Economic Freedom. Political economic digest series - 4
In this series, we’ll be discussing about economic freedom and its role in the
economic progress of a society. Among the three kinds of freedom-political, civil and economic, economic freedom is considered the most important freedom required for prosperity and it is one of the most ignored one in our context.
Seven principles of sound public policy
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Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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