Logo

Synopsis Missing Elements, an outcome of Gunanidhi Sharma's recent researches, sheds light on the development thinking required for the realisation of greater democracy accompanied by a sense of stronger nationhood and self-sufficiency. The book begins with a brief survey of the scenario of economic development in Nepal and the potential it possesses to strengthen democracy at the grass root levels. Employing the most recent empirical data available so far, Sharma analyses the present economic position of Nepal as explained by internal and external forces undermining her will to remain economically and politically consolidated. The book pinpoints he economic hardships of Nepal, focusing on issues like Nepal's quest for industrialisation, role of aid in Nepal's development, interest rate and its place in economic decision making, growing rural urban dichotomy and question of development planning. Attacking Nepal's recent drive towards aggressive liberalisation, privatisation and deregulation, Sharma examines the basic constraints of the economy that have dragged Nepal's economic performance behind. In addition to this, issues like policies of foreign exchange and balance of payments, prices in Nepal, private sector investments, policies of devaluation, Nepalese monetary sector, international monetary relations and money supply analysis are at length discussed. In short, Missing Elements formulates an agenda to usher Nepal's democracy into an era of prosperty and self-reliance.