First, given the geographical disadvantage, domestic plans should be synchronized with India’s and China’s economic policies in order to maximize community development spillovers. Statistical proof demonstrates the faster neighbors grow, the faster the landlocked country shall develop. Second, rather than exclusively concentrating on markets in the EU and the US, policies should be designed to maximize trading with our neighbors, India, and China-the two emerging giants in the global economy. Tapping the untapped markets along the bordering states, where the transportation costs are low, by producing goods and services that are within the reach of the individuals residing there would be a fruitful exercise. Third, design procedures to entice FDI in transport infrastructure and large- and small-scale hydropower tasks.
The government could substantially relieve regulatory structure, ensure security of comes back to investment and regularity of hydropower policy, solve labor disputes, build grids to improve talk about and connection risks with the private sector, amongst others. Fifth, the government should facilitate foreign investment in the travel and leisure sector. Increasing visibility in the international tourism market, easing of visa restrictions, ensuring security, and, most of all, improving tourism infrastructure such as road transport, airways, and ICT would help a lot. Sixth, the government also needs to facilitate foreign employment and inflow of remittances. Not much needs to be said about the role of remittances, which take into account almost 20 percent of GDP already.
- 34 The *ell
- Strata reports
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- Currently under Sec. 179 (Sec.
