Climbing Higher
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World Bank, Washington, DC
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Nepal's recent history of
development is marred by a paradox. Many countries in the
world have experienced rapid growth but modest poverty
reduction, as income has increasingly concentrated in the
hands of the wealthy. Nepal, however, has the opposite
problem-modest growth but brisk poverty reduction. The
country has halved the poverty rate in just seven years and
witnessed an equally significant decline in income
inequality. Yet, Nepal remains one of the poorest and
slowest-growing economies in Asia, with its per capita
income rapidly falling behind its regional peers and unable
to achieve its long-standing ambition to graduate from
low-income status.
Palabras clave
POVERTY REDUCTION, ECONOMIC GROWTH, PRODUCTIVITY, INVESTMENT CLIMATE, PUBLIC EXPENDITURE, COMPETITIVENESS, HYDRO POWER, AGRICULTURAL PRODUCTIVITY, DEMOGRAPHICS, DEMOGRAPHIC DIVIDEND, YOUTH BULGE, PUBLIC INVESTMENT MANAGEMENT