Tourism And Economic Development In Nepal

This book has been prepared keeping in mind rapid changes taking place in the land-locked economy of Nepal seated in the lap of Great Himalaya where tourism is expected to contribute in a big way. Salient Features - Analyzes economic impact of tourism growth on various aspects of the Nepalese economy. - Explores the role of tourism on globalization of this backward economy. - Attempts to incorporate important studies undertaken in this context. - Incorporates opinions of leading experts on tourism promotion and economic development exclusively for this book. - Thoroughly reviews contours of changes in tourism policy. - Well documented in terms of source of tourism information, institutions and chronological highlights, etc. In view of the above, this piece of work would be of immense use to policy makers, planners, researchers, practioners and also to students for whom sufficient materials have been added.

Contributed articles.

Chapter 1 The Interface between Conflict, Peace and Business ........... 1 Chapter 2 Conceptual Framework for Linking Tourism with Conflict and Peace .............................................................. 15 Chapter 3 Tourism, Security and Peace: A Conceptual Discourse ...... 27 Chapter 4 Labour Disputes in Tourism Sector..................................... 37 Chapter 5 Sustainable Tourism and Post-conflict State Building ........ 51 Chapter 6 Reorienting the Business Actors into the Peace Builders ... 63 Chapter 7 Foreign Direct Investment and Tourism ............................. 77 Chapter 8 Socially Responsible and Peace-sensitive Tourism ............. 91 Chapter 9 Rethinking Tourism for a Prosperous Future ..................... 99

The signing of the Comprehensive Peace Agreement in 2006 and Constituent Assembly elections in 2008 have paved the way for political and economic reform in Nepal. Indeed, the 2009 Investment Climate Assessment (ICA) shows that Nepal's private sector is starting to reap some dividend from the cessation of armed conflict in terms of employment generation, rebounding tourism, increased tax collection, as well as less complex business regulations and procedures to obtain permits. However, Nepal's private sector (already plagued with various market failures) continues to suffer from the consequences of a decade of armed conflict and civil unrest. Poor infrastructure, particularly for transportation and energy, inadequate labor skills and continuous labor unrest, as well as inefficient and unstable credit markets, exacerbate the damage that continued political instability has had on the investment climate. Together political instability and poor infrastructure pose the two greatest challenges to Nepal's investment climate and growth in the private sector. The effects of these challenges on business confidence and economic performance are visible and costly: productions costs are high, business operations and trade are often disrupted, and competitiveness is declining. These structural problems cause low levels of savings and investment resulting in low job creation, which lead millions of Nepalis to seek temporary employment abroad; resulting in remittance flows that are mainly channeled to consumption and asset bubbles. This inflates prices and increases costs to the productive job-creating sector, which loses competitiveness and export markets, prolonging the cycle of mediocre and jobless growth at home. In order for Nepal to kick-start private sector-led growth in Nepal, it has to leverage its potential particularly through strengthening trade with China and India, developing its hydropower resources, and adopting policies to target growth in key sectors such as tourism. Improving Nepal's investment climate and strengthening the private sector will require government initiative to solve many challenges as well as public-private dialogue and partnerships to tackle larger challenges to be addressed over the medium and long-term. The Nepal Investment Climate Assessment (ICA) assesses dimensions of the investment climate that shape the opportunities for investments, employment and growth of private firms and provides recommendations to support private sector development. The Nepal ICA is based on three main surveys: an Enterprise Survey, an Employee Survey, and a Survey of Informal Enterprises. The surveys capture perceptions of the main obstacles for enterprises and workers in key sectors of the economy such as services and manufacturing and provide in-depth data and analysis on issues such as employment, policies and regulations, regional trade, and performance. An advantage of the enterprise surveys is that similar surveys have been conducted in many other countries. This allows comparisons of data on the investment climate with countries in the region and similar countries from other regions. The findings and recommendations of this Nepal ICA will be of interest to the Nepalese government and policy makers, development partners, Nepalese business associations, and researchers on private sector development and investment climate issues in Nepal and the South Asia region.

Includes statistical tables.

The book provides an overview of the economic, political, and social environment in Nepal and the challenges confronting the country in eliciting its economic growth potential. The book provides an insightful framework of an inclusive development strategy in the context of symbiotic relationships between urban and rural areas as well as among the three eco-belts, i.e.,tarai, hills, and mountain areas. Against this backdrop, the strategy calls for prioritized and focused investments on the region's growth potential to induce maximum economic growth impact.

Explore the future of tourism, infrastructure development, and cultural preservation in Nepal. "Nepal Beyond 2024" provides an insightful analysis for travelers, investors, and anyone interested in this captivating nation.