Nepalese' problem for global standing

“Think globally, act locally”, these days I come across this quote many a time. Many people are taking it as a Guru Mantra for their business expansion some with a view of merger acquisition some with the view of disintegration.


Today’s world is a world of competition, not locally but globally. Much country can’t experience this charm of global competitiveness thinking out of box, compromising of global consortium, global networking and most of all global succession in international arena.


Developing countries like Nepal, looking at global inward FDI we see a minimal percentage or no, the reason may be many. Banking in this generation has attracted many youths, so is the case in Nepal, there are 31 commercial banks and 67 development banks, which looking for size of a country is too many.


I have negative opinion towards many banks being good for the country. Return may gear up for the banking sectors but the citizens are not active in the economy. We can see tight investment in the economy, leaving small investors due to insecurity or high risk or any other. The explanation of the banking sector can be made by, for instance, if a customer deposits RS.1000 in a bank than the money is mobilized by banking sector. In this scenario, banks plays proactive role whereas we find citizen passive. This does not show positive sign in the long run of the economy. So passive citizen is not good for the economy.


Apart from that, when we look at Nepal’s export structure the country is dominated by the export rather than imports which leads to trade deficit of the country. So the country cannot support to its national economy. BOP is another issue for Nepali export. Moreover, looking at the exchange rate system, it is more than pathetic. The money value is decreasing day by day.


Moreover artificial money in the context of Nepal is very high. The huge credit creation by the bank on the mortgage of land had dramatically attained in the unhealthy creation of artificial wealth. When we look at the R and D expenses of Nepal economy it is just dirt when we compare to the minimum investment in international scenario.

Giving logical conclusion to all this issue is the must for the government. Ironically saying, Nepal is in its primitive stage in the industrial sector. Pointing out to the business houses of Nepal, it can focus on service sectors, hydro power and tourism. This can be a well combat by the Nepali market in the international ground.

Youth: Defining their so called class in the society!!

Now, I hesitate to list them (youth) on the organization hierarchical structure. Traditionally, they were placed on the bottom or the middle of the organizational structure. What is a youth entrepreneur? Youth are the one who have the tenacity to change the living style of people. One vivid example is face book.

After Face book success, Mark Zuckerberg young American entrepreneur, many other youth aspire to walk in the creative vision like Mark. Youth entrepreneurship in today’s world is a vital subject for any economy. But still the subject to respect youth ideas is not practiced in many parts of the society.

However, many societies are now realizing the concept of potential youth entrepreneur and their creativeness. If every youth seek to get into big and old names like IBM or Apple or Google than ideas like Face Book, Hotmail, Qwiki would possibly be in vain.

Round the box, if youth ideas were not respected and supported in the society than today’s so called middle class family would possibly not think of living the lifestyle of high class family and the low class family to the middle or high class family. I believe, youth as the one to change their so called family grade in the society because the working class family (proletariat) would still be on the same ground if the level of thinking and creativeness be the same as their parents.
We know that, middle class family or lower class families are mostly regulated by high class family in any societal structure. We cannot eliminate it because the economy runs that way but my point is we should not loose potential entrepreneur from lower and middle class society. If every family supports their children vision and ideas than we will possibly see another Mark in the near future. I recently read an article on HBR, the CEO’s role on business model reinvention, and it pointed out three ideas” “Box 1: Manage the Present,” “Box 2: Selectively Forget the Past,” and “Box 3: Create the Future” and I see youth as the one to change and challenge to change all three.

In the nutshell, we should encourage young entrepreneur ideas because ideas when fresh are sold easily, when its stale nobody cares for it. I see the vivid picture of today’s proletarian becoming tomorrows bourgeois, if we do not loose one creative mind.