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Economic productivity is closely tied to labor force participation
Sakar Koirala is an aspiring advocate who roams around with a contemplative spirit, contemplating law beyond textbooks and on its philosophical meanings that shape human values and society.
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Nepal cannot afford another experiment built on emotion alone.
आशिका तामाङको क्रियाकलापले नेपाली समाजमा एउटा महत्त्वपूर्ण प्रश्न उठाएको छ - सार्वजनिक हितका लागि गरिने व्यक्तिगत पहलहरूको सीमा कहाँसम्म हुनुपर्छ भन्ने विषयमा बहस गरिनु आवश्यक भएको छ। आशिकाले फोहोर व्यवस्थापन र सार्वजनिक शौचालयहरूको दुर्दशा जस्ता सम...
For the last months, my dimaag has been more chaotic than Kathmandu traffic during office time. It's like I'm constantly switching between two radio stations Hits FM in one ear and Radio Nepal in another. On one channel, I'm thinking, "broo, I'm turn...
Government ministry undergraduate internships are extremely valuable for students looking to add practical knowledge to their academics.
It's taken a year, but we've succeeded - the parliamentary calendar is finally here. Sumana Shrestha, MP of Rastirya Swatanra Party
In recent times, Nepal has witnessed a significant outflow of its citizens seeking employment opportunities in foreign lands. This mass emigration can be attributed to a combination of "push" and "pull" factors, reflecting the complexities of migration dynamics. Push factors include the challenging conditions within Nepal, such as poverty, limited job opportunities, political instability, environmental degradation, and limited access to healthcare and education. These factors have created an environment that makes it increasingly difficult for Nepalis to flourish in their homeland.
On the flip side, pull factors in destination countries, including the promise of economic opportunities with higher wages and better employment prospects, political freedom, cultural affinity, and access to education, make these foreign nations more appealing. The allure of these pull factors has attracted a substantial number of Nepalis to explore opportunities abroad.
The scale of emigration is a growing concern. Approximately 500,000 Nepali already depart for international labor markets annually, and this number could potentially double to 1 million, leaving the country grappling with labor shortages. The trend is indicative of a concerning phenomenon referred to as "depression," suggesting that many Nepalis are seeking opportunities elsewhere due to a lack of prospects in their home country.
Economic productivity is closely tied to labor force participation, and when a significant portion of the young workforce chooses to leave, it signals economic distress. The consequences of this emigration trend are multifaceted, potentially leading to economic slowdown, recession, and, in some cases, depression.
As Nepalis seek opportunities abroad, the country increasingly relies on imported labor, paralleling its dependence on imported fuel and food. This growing dependency raises concerns about the nation's economic resilience and self-sufficiency.
While emigration has led to increased remittance inflow, benefiting the country's economy, it has also highlighted the urgency of addressing the root causes of mass departure. A recession can have adverse effects on employment, income levels, and economic inequality. The long-term consequences of this trend could be detrimental to Nepal's overall economic well-being.
It's important to recognize that the economic downturn and subsequent migration wave did not occur overnight but are the result of a series of events, including political instability, inflation, corruption, and a lack of inclusive policies. It is essential for the government to focus on economic diversification, good governance, and attracting foreign direct investment (FDI) to create opportunities for its citizens and reverse the current trend.