Showing posts with label Gross domestic product. Show all posts
Showing posts with label Gross domestic product. Show all posts
Monday, October 23, 2023
Moving From GDP To Gross Domestic Requirement (GDR) As Per Kalkiism
When you move from the concept of GDP to the concept of GDR as per Kalkiism, you are no longer scared of AI and robotics. Gross Domestic Requirement.
Friday, May 15, 2015
The Earthquake: Facing The Facts
- In terms of loss of life and sheer destruction and damage to property this has been the biggest devastation the country has faced for as long as it has existed. The magnitude of the tragedy is enormous.
- Nepal was a poor country. It is now even more poor. And that will not immediately change.
- Nepal was a poorly governed country. The quality of governance will suffer further in the immediate future.
- Nepal has had a corrupt government. The corrupt elements are in no mood for a timeout. If anything, they will attempt to go on a hyper drive.
- The law and order situation was weak before the earthquake hit. Many criminal elements are intent on fishing in these muddy waters.
- By some estimates, the loss is in the $5-$10 billion range in a country whose GDP is $20 billion. There is no power out there that feels the need to compensate for that damage, dollar for dollar. The reality is Nepal just lost a decade of growth. It went backwards.
- The pledged donations from outside are in the $100 million range. Less than that. Expect 80% of it to be spent by those governments to hire their own people and buy relief goods in their own countries. Only 20% of it will go "native." Half of that 20% might be lost to local corruption.
- Elected governments at the local level might have helped, but only to an extent. And the politicians have still not moved past their chicken-egg situation on federalism. The blame game is still there. It is best to take some time off from the federalism debate, for at least until after monsoon.
Thursday, September 11, 2014
NRN Dollars
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| Word "Nepali" in Devanagari Script. (Photo credit: Wikipedia) |
The economic muscle of the Nepali Diaspora is growing rapidly. In North America alone, the combined yearly income of the Nepali community, estimated to be around 300,000 strong, is about US $ 20 billion (2014 estimates), equivalent to the total annual GDP of Nepal. It is also estimated that the combined annual income of the Nepali Diaspora in the world (outside SAARC) is about 2.5-3 times the size of national annual GDP of Nepal. If we calculate the pension funds that the person of Nepali origin hold in their adopted lands, it perhaps amounts to more than five times Nepal’s annual GDP, signifying that even if a small percentage of these funds are invested in Nepal, it will be significant in Nepal’s context. Also, remittances from NRNs constitute 26 percent of Nepal’s GDP (2014 estimate)...... if the Nepali Diaspora is well organized and wishes to invest part of its economic resources in Nepal’s development, it can become a formidable partner for Nepal, and perhaps transform Nepali economy, in the manner Chinese, Indian, Korean and Irish Diaspora have transformed the economies of their native lands.
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